Religiosity and Intention towards Saving of a Muslim Minority in Greece

Culture influences financial decisions of individuals therefore, by examining the cultural background of cultural differences stemming from difference in religious beliefs is of significance to better understand their preferences and financial decisions. This research examines the relation of religiosity and intention towards saving of Pomak households, a Muslim minority living in the northeaster part of Greece. Quantitative data, collected with field research using the Religious Commitment Inventory (RCI-10) and Warneryd’s saving intention scale was used. The results reveal that there is a strong relation between religiosity and intention towards saving, indicating that the intention to save is affected by the religious norms of a person.