Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok
This study aims to evaluate the extent and level of financial literacy among academic staff of universities in the Kurdistan region of Iraq. A structured questionnaire was distributed via the official email of the quality assurance directorate, which reached more than 1500 academic staff; only 161 r...
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| Format: | Article |
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College of Administration and Economics
2025-06-01
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| Series: | تنمیة الرافدین |
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| Online Access: | https://tanmiyat.uomosul.edu.iq/article_187773_3efec818c03de68b01a76c831f88431e.pdf |
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| author | Shivan Mohammad |
| author_facet | Shivan Mohammad |
| author_sort | Shivan Mohammad |
| collection | DOAJ |
| description | This study aims to evaluate the extent and level of financial literacy among academic staff of universities in the Kurdistan region of Iraq. A structured questionnaire was distributed via the official email of the quality assurance directorate, which reached more than 1500 academic staff; only 161 responded. revealing a significant lack of knowledge about managing personal finances, investment strategies, and financial markets. With 58% not holding foreign currency and only 8% correctly identifying essential financial statements, the findings highlight a pressing need for improved financial education. About 63% of respondents declared that they prefer to open and use government bank account instead of bank account because it’s less trusted and half of the respondents spent more than 150,000 Iraqi dinars for car fuel only per month. Besides half of the surveyed academic and administrative staff do not set aside funds. Recommendations include workshops, community support programs, and enhanced use of FinTech applications to empower individuals in managing their finances effectively and to foster better financial literacy among the population. |
| format | Article |
| id | doaj-art-80dd8c86c8cb444e8a7690d9f5d57d56 |
| institution | Kabale University |
| issn | 1609-591X 2664-276X |
| language | Arabic |
| publishDate | 2025-06-01 |
| publisher | College of Administration and Economics |
| record_format | Article |
| series | تنمیة الرافدین |
| spelling | doaj-art-80dd8c86c8cb444e8a7690d9f5d57d562025-08-20T03:31:20ZaraCollege of Administration and Economicsتنمیة الرافدین1609-591X2664-276X2025-06-014414611013210.33899/tanra.2024.154478.1424187773Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of DuhokShivan Mohammad0Department of Business Administration, College of Administration and Economics, University of Duhok, Duhok, Kurdistan Region, IraqThis study aims to evaluate the extent and level of financial literacy among academic staff of universities in the Kurdistan region of Iraq. A structured questionnaire was distributed via the official email of the quality assurance directorate, which reached more than 1500 academic staff; only 161 responded. revealing a significant lack of knowledge about managing personal finances, investment strategies, and financial markets. With 58% not holding foreign currency and only 8% correctly identifying essential financial statements, the findings highlight a pressing need for improved financial education. About 63% of respondents declared that they prefer to open and use government bank account instead of bank account because it’s less trusted and half of the respondents spent more than 150,000 Iraqi dinars for car fuel only per month. Besides half of the surveyed academic and administrative staff do not set aside funds. Recommendations include workshops, community support programs, and enhanced use of FinTech applications to empower individuals in managing their finances effectively and to foster better financial literacy among the population.https://tanmiyat.uomosul.edu.iq/article_187773_3efec818c03de68b01a76c831f88431e.pdffinancial literacyfinancial educationfinancial knowledge |
| spellingShingle | Shivan Mohammad Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok تنمیة الرافدین financial literacy financial education financial knowledge |
| title | Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok |
| title_full | Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok |
| title_fullStr | Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok |
| title_full_unstemmed | Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok |
| title_short | Evaluation of the Financial Literacy Among Academic Staff: An Exploratory Survey from University of Duhok |
| title_sort | evaluation of the financial literacy among academic staff an exploratory survey from university of duhok |
| topic | financial literacy financial education financial knowledge |
| url | https://tanmiyat.uomosul.edu.iq/article_187773_3efec818c03de68b01a76c831f88431e.pdf |
| work_keys_str_mv | AT shivanmohammad evaluationofthefinancialliteracyamongacademicstaffanexploratorysurveyfromuniversityofduhok |