Sharia Financial Literacy of Santri at Nurul Furqan Islamic Boarding School, Malang

Abstract

This study analyzes the effect of Islamic financial literacy on the financial management of students at the Nurul Furqan Islamic Boarding School in Malang. The literacy components include basic finance, savings and credit, investment, and Islamic insurance. Using a quantitative method with a survey approach, data were collected from 113 students during the 2024 academic year. The results of the study indicate that Islamic financial literacy has a significant simultaneous effect on financial management. Partially, savings and credit literacy and investment have a positive effect on financial management, while basic finance and insurance have no effect. This study contributes to research on financial management among students and provides insights for educational institutions and policy makers to design targeted literacy programs that improve financial practices in Islamic boarding schools.