Financial literacy, the standards, measuring assessing, and impact -study research: the islam financial literacy

Abstract EN

Literacy is one of the most basic concepts in a society, communication can't stand without or minima of reading and writing, in modern world, finance has taken over all other paradigms, financial decision became a daily task not only for corporations, but for everyone within a monetary system, for this reason, set of skills is required to make sound decision regarding planning, saving and investment, this aggregation of financial knowledge is called financial literacy.

If we make the assumption that literacy codification changes through cultures, Islamic literacy seems a great field of financial literacy research, by Islamic financial literacy we mean all knowledge led by a specific behavior through religious limitations and obligations, in this purpose studies showed that Islamic financial literacy in a specific ways, affects how people allocate their money and how they manage it, which proves that it should be taken as a serious field of research.

In our study, weWant to test the financial literacy of some Algerian bankers (Baraka bank, el Salam bank).