Analysis of Students' Financial Literacy in the Perspective of Islamic Economics

Case Study of Sirojuth Tholibiin Islami Boarding School

Abstract

This study aims to analyze the financial literacy of students in the perspective of Islamic economics at the Sirojuth Tholibiin Islamic Boarding School. The focus of the research includes students' consumption behavior, factors that affect impulsive buying, and how students manage pocket money in daily life. This study uses a qualitative approach with a descriptive type of research. Data was obtained through interviews, observations, and documentation. The informants in the study consisted of three students, one administrator of the cottage cooperative, and one ustadzah. Data analysis techniques are carried out through data reduction, data presentation, and conclusion drawn. The results of the study show that the level of financial literacy of students still varies. Some students have been able to manage their pocket money by limiting spending and setting aside money to save, but others still show less controlled consumption behavior. Impulsive buying behavior can be seen in the purchase of snacks and light necessities that are carried out spontaneously without careful planning. This behavior is influenced by momentary desire factors, peer influence, attractive product displays, and ease of access to products in cottage cooperatives. From an Islamic economic perspective, excessive consumption behavior falls into the category of israf and tabdzir, so wiser financial management is needed. Therefore, increasing financial literacy is important to help students control spending and implement consumption behaviors in accordance with Islamic values.