Digital Transformation of Sharia Financial Planning: A Quantitative Study on Muslim Millennials in Indonesia

Zakiyyah Mutiah (), Mursalim Nohong and Bahtiar Herman
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Zakiyyah Mutiah: Universitas Airlangga
Mursalim Nohong: Hasanuddin University
Bahtiar Herman: Universitas Muhammadiyah Sidenreng Rappang

A chapter in Proceedings of the 10th International Conference on Accounting, Management, and Economics (10th ICAME 2025), 2026, pp 1042-1051 from Springer

Abstract: Abstract The rapid growth of Islamic financial technology (fintech) in Indonesia has created new opportunities for Muslim millennials to engage with Sharia-compliant digital financial planning platforms. However, adoption remains a challenge due to issues of digital literacy, trust, and concerns over Sharia compliance. This study investigates the influence of digital financial literacy, perceived trust, and Sharia compliance on the intention to use digital Sharia financial planning tools, while examining the mediating role of religious alignment. Using a quantitative cross-sectional survey of 300 Muslim millennials in Indonesia and applying Structural Equation Modelling with SmartPLS 4, the results demonstrate that all three main constructs positively affect usage intention. Moreover, religious alignment significantly mediates the relationship between Sharia compliance and adoption intention. These findings emphasize the importance of enhancing digital financial literacy, strengthening trust through transparency and certification, and ensuring consistent Sharia compliance to increase user engagement. The study provides theoretical insights into Islamic behavioral finance and practical implications for fintech developers, regulators, and policymakers in fostering an inclusive and ethical financial ecosystem.

Keywords: Digital Financial Literacy; Trust; Sharia Compliance; Religious Alignment; Islamic Fintech (search for similar items in EconPapers)
Date: 2026
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DOI: 10.2991/978-94-6239-709-5_71

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