| Summary: | urpose – This study aims to examine financial socialization based on augmented reality (AR) technology
for elementary school students, which it is hoped will improve their sharia financial knowledge.
Design/methodology/approach – The experimental method with pre- and post-test and control groups
was used to test the improvement in the young learners’ sharia financial knowledge. This study used AR for
sharia financial socialization on elementary school students and focused on sharia’s basic concepts, which
include earning money, balanced spending, borrowing, saving, investment, payment methods, financial
technology and the concept of protection.
Findings – This study finds empirical evidence that the treatment group, who received sharia financial
socialization via the AR media, increased their sharia financial knowledge to a greater extent than the control
group did.
Research limitations/implications – This study provides encouraging evidence about the potential of
sharia financial education for elementary school students using the appropriate learning strategies and media.
The weakness in this study is that it was only carried out in one elementary school, with the children of middle- to upper-income parents. Further research should be undertaken at several schools with the children
of parents with different income levels.
Practical implications – A shift in learning styles from verbal or visual to virtual encourages the use of
AR-based learning media. Financial concepts can be abstract ones, and AR-based learning media is able to
present intangible virtual elements so they become more concrete and tangible.
Social implications – The global COVID-19 pandemic has affected all aspects. One of the most severe and
likely to be multiyear ahead is the financial aspect. Therefore, this research is expected to be a preparation for
the younger generation as early as possible to strengthen social benefits in order to improve sharia financial
literacy.
Originality/value – Research into the financial literacy, especially sharia financial literacy aimed at
elementary school students, is still very limited. The teaching of financial literacy will be more effective if
educators use the appropriate strategies and media. This study used financial socialization strategies and AR
learning media that are aligned with the learning styles of young learners.
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