A systematic literature review on the determinants of Islamic financial literacy among individuals

<jats:p>Financially literate young individuals make informed decisions, built financially resilient households and engage responsibly with financial service providers. Despite its importance, Islamic financial literacy among Malaysians remains underdeveloped in Malaysia, as highlighted by Bank Negara Malaysia’s 2018 survey. Although many studies explore the determinants of Islamic financial literacy, systematic reviews on this topic remain limited, restricting comprehensive understanding and comparability. This study conducts a systematic literature review on the determinants of Islamic financial literacy, following a rigorous five-step methodology: formulating research questions, conducting systematic searches in primary databases, eligibility screening, quality assessment, and data analysis. The review identifies five main themes—psychological and personal factors, religious and cultural factors, educational factors, financial behaviour and attitudes, and financial knowledge and awareness—along with 12 sub-themes. The findings emphasize the pivotal role of financial education in enhancing Islamic financial literacy, which is essential for improving financial well-being and fostering economic resilience in Muslim communities.</jats:p>