This study examined the relationship between religiosity, saving intention, and saving behavior among Muslim university students in Palembang, Indonesia. A quantitative research approach was employed for this study. A total of 103 respondents were students aged between 18 and 22 years. Analyses were carried out using the partial least square path modeling (PLS-PM) technique in R-Studio (version 4.0.3) through cSEM: Composite-Based Structural Equation Modelling package. Data supported all three hypotheses, with all path coefficients being positive and statistically significant. Religiosity was found to have a significant positive relationship with saving intention and behavior. In addition, saving intention and saving behavior had a significant positive relationship. Meanwhile, according to Cohen’s convention, the effect size of the association between religiosity and saving intention and behavior was small.

The purpose of this study was to synthesize the findings of previous studies on the relationship between religiosity and saving behaviour by using a meta-analysis approach. It also sought to determine the strength of the relationship, besides its direction. Eleven studies which met the five criteria and four techniques used in the study were used as samples for the meta-analytic analysis. The size of the effect in each study was then determined by Pearson’s product-moment correlations (r). To estimate the average distribution of relationship true effects, the Fisher r-to-z transformation and random-effects methods were used. The empirical evidence showed that there was a positive correlation between religiosity and saving behaviour. However, according to Guilford’s convention, the true effect size (r = 0.303) would mean that religiosity had a weak correlation with saving behaviour. It is recommended that authorities and financial institutions use the findings of this study to develop plans focused on advocating and facilitating saving behaviour among religious people.