Title:
EXPLORING FACTORS THAT AFFECT DEBTS AMONG GENERATION Y IN MALAYSIA: AN ISLAMIC PERSPECTIVE

Authors:
Nurul Labanihuda Abdull Rahman, Dahlia Ibrahim, Malaysia

Abstract:

This study aims to explore factors that affects debts among generation Y in Malaysia based on Islamic perspective. This paper is a conceptual paper derived from journal articles, proceedings, and online news which are related to the research area under discussion. Personal financial practices is an important element in preventing people, especially young generation in Malaysia, from having excessive debt which could lead to financial insolvency. In addition, consumer spending based on Islamic perspective also will be discussed as a reference for debtors. The issues encountered on personal financial practices are excessive spending of material possessions and lack of knowledge on spending. Furthermore, additional research should be done to uncover issues pertaining to debt for both empirical and non-empirical study.