Islamic Financial Literacy and Financial Planning for Indonesian Muslim Women: A Sharia Perspective

Abstract

Financial literacy can help Muslim women evaluate financial choices, but its practical relevance needs to be understood in relation to both personal needs and household responsibilities. This article examines the importance of Islamic financial literacy and discusses its application to personal and household financial planning in Indonesia. It uses a qualitative library-based approach through a focused narrative review of selected academic studies and relevant Qur’anic principles. The analysis distinguishes published evidence from normative interpretation and the authors’ practical synthesis. The synthesis shows that Islamic financial literacy connects ethical understanding with planning skills across budgeting, saving, debt management, investment, and social expenditure. Personal financial security and family responsibilities need to be considered together when applying these principles. It argues that financial education should connect knowledge of Islamic principles with realistic planning tasks, access to reliable information, and communication within the household. Its contribution is a contextual synthesis connecting established principles with practical planning questions for financial education. Further empirical research is needed to examine how women negotiate personal and family goals under different economic circumstances.