Islamic Values, Donation Behaviour and Muslim Financial Behaviour among Malaysians and Indonesians

Abstract

This paper explores the impact of Islamic values on Muslim donation and financial behaviours in Indonesia and Malaysia. This associative quantitative research applies structural equation modeling (SEM), the SmartPLS approach. 427 data were collected using a closed questionnaire distributed to respondents who met the research criteria from Malaysia and Indonesia. The result postulates slight differences in the donation and financial behaviours between the two countries. Since the research is purely quantitative and only focused on individual donation and financial behaviours, researchers propose a qualitative study to further explore other determinants of Muslim donation and financial behaviours.