International Journal of Scientific & Technology Research

Home About Us Scope Editorial Board Blog/Latest News Contact Us
10th percentile
Powered by  Scopus
Scopus coverage:
Nov 2018 to May 2020


IJSTR >> Volume 8 - Issue 11, November 2019 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

The Improvement Strategies For Sharia Financial Literacy On Creative Economy

[Full Text]



Ahmad Ma’ruf



Financial Literacy, Small Medium Enterprise (SME), Creative Economy, Penta Helix.



This study aimed to discover the comprehension of business actors of Small Medium Enterprises (SME) in creative industry sector on the concept of sharia finance as well as formulating the development strategy of financial literacy toward business actors of creative industries. This study used a qualitative approach of case study in Yogyakarta Special Region, Indonesia. The types of data used are primary and secondary data. The data analysis was performed through a descriptive-statistical analysis, and the policy formulation was done through SWOT analysis. This study found that the index of sharia financial literacy on the majority of SMEs in the creative industry sector is in the medium category (sufficient literate). The improvement strategies for financial literacy are performed through a) the strategy of collaboration between stakeholders (penta-helix); b) the establishment of education centers and the socialization of sharia finance at regional level; c) sharia-based bank and non-bank financial institutions should be more aggressive in providing financial services to SMEs.



[1] Capuano, Angelo dan Ian Ramsay, 2011, What Causes Suboptimal Financial Behaviour? An Exploration of Financial Literacy Social Influences And Behavioural Economics.
[2] OECD. 2016. PISA 2015 Assessment and Analytical Framework: Science, Reading, Mathematic and Financial Literacy, PISA, OECD Publishing, Paris.
[3] Remund, David L, 2010, Financial Literacy Explicated: The Case for a Clearer Definition in an Increasingly Complex Economy. The Journal of Consumer Affairs, 44 (2), p 276-295.
[4] Huston, Sandra J, 2010, Measuring financial literacy. The Journal of Consumer Affairs, 44(2), p 296-316.
[5] Chen, Haiyang and Volpe, Ronald P. 1998. An Analysis of Personal Financial Literacy Among College Student. Financial Services Review, 7 (2).
[6] Monticone, Chiara, 2011. Financial Literacy and Financial Advice Theory and Empirical Evidenc.
[7] Financial Services Authority, 2017, Survei Nasional Literasi dan Inklusi Keuangan 2016, retrieved from www.ojk.go.id
[8] Mihalcova, Bohuslava, Csikosova, Andraian, Antosova, Maria, 2014, Financial literacy – the urgent need today, International Journal Procedia - Social and Behavioral Sciences, p. 317 – 321 retrieved from www.elsevier.com
[9] Badan Pusat Statistik DIY, 2017, Hasil Pendaftaran Usaha/Perusahaan Sensus Ekonomi 2016, retrieved from www.yogyakarta.bps.go.id
[10] Cahyono, Nur Edi, 2012, Pentingnya Melek Finansial Bagi Pelaku Usaha Kecil dan Menengah. Jurnal Progress Vol 8 No 2, retrieved from www.stierajawali.ac.id
[11] Otoritas Jasa Keuangan, 2017, Strategi Nasional Literasi Keuangan Indonesia, retrieved from www.ojk.go.id
[12] Bungin, Burhan. 2012. Metodelogi Penelitian Kualitatif. Jakarta: PT Raja Grapindo Persada.
[13] Siagian, Sondang P. 2002. Manajemen Stratejik. Jakarta: PT Bumi Aksara.