Psychometric properties and factor structure of the revised Islamic Scale for greed and frugality (ISGF-R)

ABSTRACT

This research aims at recognising the factor structure of the revised version of The Islamic Scale for Greed and Frugality (ISGF) and introducing its psychometric properties. The statistical population consisted of all students from two academic institutions. Using the convenience-sampling method, 444 students were selected from this population and responded to the ISGF. Cronbach's alpha method was used to determine the reliability of the inventory, and factor analysis was used to determine the validity of the construct. The collected data were analysed using Pearson's correlation and split-half method. The results indicated that the ISGF-R had three factors: material satisfaction, believe in financial fate and spiritual identity. Cronbach's alpha of .85 represents the strong reliability of this scale. Based on the research findings, it can be said that ISGF-R has high validity and reliability and coherent factors are derived from it.

KEYWORDS:

• Psychological Scale
• financial
• greed
• frugality
• factor analysis
• Islamic sources

Disclosure statement

No potential conflict of interest was reported by the author(s).