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PUBLIC PREFERENCE FOR MICRO WAQF BANKS: AN EFFORT TO INCREASE COMMUNITY BUSINESS.
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- Additional Information
- Abstract:
This study aims to test whether the variables of preference, business motivation, and level of education or knowledge affect Islamic financial literacy through a study on micro waqf banks (BWM) in Aceh. This study uses quantitative methods with multiple regression analysis techniques. The primary source of the data obtained from this research is a questionnaire collected from 250 respondents spread throughout Aceh. The variables used in this study are literacy index, preferences, Education level, and business motivation. Methods of data analysis using Multiple Linear Regression analyses. The results of this study indicate that the preference variable has a positive and significant effect on the probit value. 0.00 = 0.05. The variable of business motivation has a positive and significant effect with a prob value. 0.00 = 0.05, and the variable of business motivation has a positive and significant effect with a prob value. 0.00 = 0.05 on Islamic financial literacy. The coefficient of determination obtains a value of 0.811, or 81.10%, indicating that all X variables have a significant effect on Y variables, while the rest are influenced by other variables. The implications of this research include the importance of choosing micro waqf banks as an alternative to sharia microfinance and empowering businesses owned by the community. Then also, the people who are customers at micro waqf bank institutions have good motivation because they are always accompanied by these institutions in improving their businesses. [ABSTRACT FROM AUTHOR]
- Abstract:
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