Mediation Effect Of Islamic Financial Planning Intention In The Behaviour Framework Of Malaysian Public Workers

Mohd Amin, Ab. Mumin, Husniyah
Department of Resource Management and Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia


In the current economic environment with various product and services offered by financial institutions, wise decisions among Muslim workers are vital for their life well-being and afterlife. Their planning in achieving financial goals had to take considerations of their religious belief. In view of this, this study would like to unveil the possibility of established factors in influencing financial planning specifically in the Islamic context. Furthermore, the Islamic financial planning intention is to determine its mediating effect between the factors in the Theory of Planned Behaviour and the behaviour of financial planning. Random sampling on a list of ministries situated in Putra Jaya, Federal Territory were used in the first stage followed by a selection based on departments in those ministries. Liaison officers appointed in the selected departments assisted in collecting completed self-administered questionnaires. Cleaned data resulted in 304 questionnaires gathered data on socioeconomic characteristics, financial literacy, attitude towards financial planning, subjective norms, perceived behavioural control and financial planning in the Islamic context. A regression analysis revealed significant influences of Islamic financial planning attitude, subjective norms and perceived behavioural control on the Islamic financial planning. Whilst, series of regression analyses proved that Islamic financial planning intention mediates the influences of Islamic financial planning attitude and subjective norms on the Islamic financial planning behaviour. However this is not the case for perceived Islamic financial planning control which has a direct effect on Islamic financial planning. As a conclusion, the results had proved the application of the Theory of Planned Behaviour in the Islamic financial planning context among public workers in Malaysia.

Keywords: Financial literacy, Attitude, Subjective norms, Perceived behavioural control, Financial planning intention, Mediation effect