RELIGIOSITY AND SAVING BEHAVIOR: A PRELIMINARY INVESTIGATION AMONG MUSLIM STUDENTS IN INDONESIA

This study examined the relationship between religiosity, saving intention, and saving behavior among Muslim university students in Palembang, Indonesia. A quantitative research approach was employed for this study. A total of 103 respondents were students aged between 18 and 22 years. Analyses were carried out using the partial least square path modeling (PLS-PM) technique in R-Studio (version 4.0.3) through cSEM: Composite-Based Structural Equation Modelling package. Data supported all three hypotheses, with all path coefficients being positive and statistically significant. Religiosity was found to have a significant positive relationship with saving intention and behavior. In addition, saving intention and saving behavior had a significant positive relationship. Meanwhile, according to Cohen’s convention, the effect size of the association between religiosity and saving intention and behavior was small.