Islamic Financial Literacy and Inclusion on Personal Finance Behavior with Socio-Demography as a Moderating Variable

The development of the Indonesian Islamic finance industry in the past decade has shown a positive increase. The positive achievements of the Indonesian Islamic finance industry can be seen from several aspects, namely institutional aspects and supporting infrastructure, regulatory aspects, monitoring system aspects, awareness aspects and aspects of the level of public literacy towards their services (Alanshori, 2016). Indonesia is a developing country and is trying to expand its financial inclusion. This is an effort to remove all forms of barriers to public access in utilizing financial services. One of the factors influencing the success of financial inclusion is the level of public financial literacy. The purpose of this study was to find out 1) How does Islamic financial literacy affect personal finance behavior , 2) How does Islamic financial inclusion affect Personal Finance Behavior, 3) How does Islamic financial literacy affect personal finance behavior with sociodemography as a moderating variable, 4) How does Islamic financial inclusion affect personal finance behavior with sociodemography as a moderating variable. The research used quantitative methods by distributing online questionnaires through social media so that 345 respondents were obtained using Smart PLS data analysis. the results of this study 1) Islamic financial literacy (X1) has a positive effect on Personal Finance Behavior (Y), with a path coefficient value = 0.618, and significant, with a P-Value 0.05, so it is not significant 4) Islamic financial inclusion has an effect on personal finance behavior with sociodemographics mediating no effect of P Value 0.024