APLIKASI KAEDAH FUZZY DELPHI DALAM PEMBANGUNAN MODEL LITERASI KEWANGAN MURID SEKOLAH MENENGAH B40 MALAYSIA

Abstract

This study aims to gather consensus towards the main domains and position of importance for items for a financial literacy model of B40 national secondary school students in Malaysia. This study applied the Fuzzy Delphi Method (FDM) to develop based on the consensus of 7 expert panels who were interviewed to build items for each domain based on a 7-point Likert scale. A questionnaire instrument was developed and spread among 15 educational and financial experts. Data was analyzed based on the Triangular Fuzzy Numbers. The ranking of each variable was determined using the Defuzzification Process. The study discovered that the consensus of experts exceeds 75% of the Threshold (d) value <0.2 and α–cut is more than 0.5. These discoveries show consensus by experts on each item within the five domains, namely financial knowledge, behaviour, attitude, technology and Islamic finance. Analysis of item positionings showcases that there are items which retain their position. As stated, this study involves two new domains to measure financial literacy, namely financial technology and Islamic finance which were suggested by experts during the interview stage. The addition of these two domains aligns with the global spread of financial technology and Islamic finance respectively. The resulting domains and items are crucial in developing a financial literacy model to measure the financial literacy of B40 students in Malaysia.