Naqvi, Nousheen, Siddiqui, Danish, Mir, Muhammad. (1403). Financial Literacy and Investment decisions of Investors of Islamic Banks in Pakistan: The Role of Intention to invest and Religiosity. , 18(2), 225-239. doi: 10.22059/ijms.2025.366223.676233
Nousheen Abbas Naqvi; Danish Ahmed Siddiqui; Muhammad Masood Mir. "Financial Literacy and Investment decisions of Investors of Islamic Banks in Pakistan: The Role of Intention to invest and Religiosity". , 18, 2, 1403, 225-239. doi: 10.22059/ijms.2025.366223.676233
Naqvi, Nousheen, Siddiqui, Danish, Mir, Muhammad. (1403). 'Financial Literacy and Investment decisions of Investors of Islamic Banks in Pakistan: The Role of Intention to invest and Religiosity', , 18(2), pp. 225-239. doi: 10.22059/ijms.2025.366223.676233
Naqvi, Nousheen, Siddiqui, Danish, Mir, Muhammad. Financial Literacy and Investment decisions of Investors of Islamic Banks in Pakistan: The Role of Intention to invest and Religiosity. , 1403; 18(2): 225-239. doi: 10.22059/ijms.2025.366223.676233

Financial Literacy and Investment decisions of Investors of Islamic Banks in Pakistan: The Role of Intention to invest and Religiosity

Interdisciplinary Journal of Management Studies
دوره 18، شماره 2، تابستان 2025، صفحه 225-239    اصل مقاله (703.51 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22059/ijms.2025.366223.676233
نویسندگان
Nousheen Abbas Naqvi* 1؛ Danish Ahmed Siddiqui2؛ Muhammad Masood Mir3
1Department of Business, Faculty of Management Science-KASB, Institute of Technology-Karachi-Pakistan, Karachi-Pakistan
2Department of Business, University of Karachi-Karachi, Pakistan
3Department of Business Studies, Bahria University Karachi Campus, Pakistan
چکیده
Financial literacy is a key component of productive financial decision-making related to investment; an investor with sound financial knowledge can make better financial decisions. Therefore, this study aims to discover an association between financial literacy and investors’ decisions, particularly regarding Islamic banks in Pakistan. When people tend to invest, religiosity may play a significant role in decision-making. This study also examined how religiosity moderates investors’ decisions to invest in Islamic banks. A multi-group analysis was conducted to check the impact in detail. Questionnaires were used to collect data; out of 248 responses received, 218 were used to run the final statistical tests, and PLS-SEM was used. The findings indicate that financial literacy has a substantial influence on the intent to invest and is significantly associated with investment decisions in Islamic banks. Moreover, the outcomes revealed that although religiosity is a valid moderator, it does not have any impact on the intention to invest and investment decisions in Islamic banks. This research can help policymakers understand the significance of financial literacy in enhancing their productivity and investments from investors.
کلیدواژه‌ها
Financial Literacy؛ Islamic Banks؛ Intention to invest؛ Religiosity
مراجع
آمار
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