Chapter 8: Islamic Financial Planning among University Malaysia Kelantan’s Students

Abstract

In a world of improved individual financial responsibility, where market is full with various financial products, financial planning is essential. The ability to understand basic concept in finance and deal with day to day financial transaction is very important. The market for university students is huge, consistent with the greater number of enrolment in higher education and increasing in cost of colleges. The Islamic financial planning is as crucial as it is part of the way of life for a Muslim. The understanding of financial concept and risk, motivation and confidence to apply the knowledge can improve the probability of making an effective decision along with the understanding of Islamic way through the economic life. Muslims must seek to understand Islamic finance because it is one of the religious duties and the continuous of the conventional financial system is certainly sinful (Ahmad et al., 2016).