Author

  • Azlina Rahim

    • Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Melaka, Kampus Alor Gajah, Alor Gajah, Melaka, Malaysia
    • Malaysia

  • Vani Tanggamani

    • Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Melaka, Kampus Alor Gajah, Alor Gajah, Melaka, Malaysia
    • Malaysia

  • Hamidah Bani

    • Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Melaka, Kampus Alor Gajah, Alor Gajah, Melaka, Malaysia
    • Malaysia

  • Muhammad Syukri Abdullah

    • Faculty of Business and Management, Universiti Teknologi MARA, Cawangan Melaka, Kampus Alor Gajah, Alor Gajah, Melaka, Malaysia
    • Malaysia

  • Mohd Mas Rizat Abdul Latif

    • Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Melaka, Kampus Alor Gajah, Alor Gajah, Melaka, Malaysia
    • Malaysia

Abstract

In the fast-paced world of the 21st century, where economic landscapes evolve rapidly, financial literacy has become vital for leaders across all sectors. It equips them to navigate complex financial environments, make informed decisions, and adapt to economic shifts that directly impact their organizations and communities. In Malaysia, the government has formed the Community Leaders under the rural development program for village development. As a result of that, the Ministry of Rural and Regional Development has allocated resources to assist community programs. Therefore, these community leaders should be equipped with financial literacy to ensure that the financial resources are managed efficiently and effectively. Financial literacy is one of the most important requisites to financial well-being. It is also described as the measurement of how well an individual can understand and use information related to finance to make decisions. The objective of this study is to examine the needs of the Financial Literacy Model for community leaders. Further, it will also determine the components to be included in the development of the Financial Literacy Model for enhancing the public financial management system among community leaders. A mixed method research design, which combined qualitative (focused group interviews on selected community leaders) and quantitative (questionnaires) data will be employed in this research. Data analysis in qualitative research focuses on the process of systematically searching and arranging the interview transcripts. Interview sessions are crucial for gaining a thorough understanding of financial knowledge and skills among leaders. The research is anticipated to assist policymakers, community leaders, and the government in improving sustainable community development.

Keywords

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How to Cite

Rahim, A., Tanggamani, V., Bani, H., Abdullah, M. S., & Abdul Latif, M. M. R. (2024). Community Leaders’ Financial Literacy Towards Sustainable Community in Malaysia. Information Management and Business Review, 16(4(S)I), 83-88. https://doi.org/10.22610/imbr.v16i4(S)I.4281

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Copyright (c) 2024 Azlina Rahim, Vani Tanggamani, Hamidah Bani, Muhammad Syukri Abdullah, Mohd Mas Rizat Abdul Latif (Author)

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Research Paper

Published in

Vol. 16 No. 4(S)I (2024) Digital Payments, Game-Based Learning & Knowledge Behaviour View issue contents

Published

2024-11-27

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