Enhancing Islamic financial literacy through community-based workshops: a transtheoretical model

Miranti Kartika Dewi, Ilham Reza Ferdian

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)


Purpose: This study aims to propose a comprehensive education model to enhance Islamic financial literacy to elevate the prominence of Islamic finance. Design/methodology/approach: The study conceptualized a framework of Islamic finance education using Prochaska and DiClemente’s transtheoretical model (TTM) of change aided by a review of the essential literature on Islamic financial literacy. The study also includes critical reflection based on the real firsthand experiences of delivering 16 voluntary non-formal community-based Islamic finance workshops for Indonesian diaspora in the UK and the Republic of Ireland from December 2014 to July 2016. Findings: This study provides an inclusive conceptualization of an Islamic finance education approach to creating awareness in communities of applying Islamic financial principles in daily life. It also elaborates stage-appropriate strategies that cover the pre-contemplation, contemplation, preparation, action and maintenance stages that vary by upon individuals based on their readiness to adopt Islamic finance principles. Research limitations/implications: This study is not merely based on a conceptual examination of literature but also incorporates critical reflection on a series of community-based Islamic finance workshops conducted by the authors. It therefore offers the potential to present an under-researched model used to enhance Islamic finance literacy as one of the pillars in supporting the development of the Islamic economic and financial sector. Practical implications: This study provides guidelines and various practical ideas that scholars and any concerned parties can use to offer community-based Islamic finance educational activities aimed at supporting the future organic growth of Islamic finance. Originality/value: The study expands the use of Prochaska and DiClemente’s TTM (which has been widely cited in health-related behavioral research) and brings a unique theoretical lens, notably within the Islamic finance literature. The use of the TTM was established in psychology and health-related behavioral science, particularly in relation to elucidating how people cease unhealthy behaviors (e.g. alcohol and smoking addictions) and how they develop healthy behaviors. This paper brings the TTM into another context on how to stimulate individuals, particularly Muslims, to shift from “riba addiction” and develop sharia-compliant financial behaviors.

Original languageEnglish
Pages (from-to)729-747
Number of pages19
JournalJournal of Islamic Accounting and Business Research
Issue number5
Publication statusPublished - 2021


  • Islamic finance
  • Islamic finance education
  • Islamic financial literacy
  • Transtheoretical model


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