The purpose of this research is to examine the level of syariah financial literacy of Small and Medium – Sized Enterprises (SMEs) in Yogyakarta and its influencing factors. The factors that will be tested in this study are gender, educational background, income, business location and respondent linkages to the financial institutions. This study is done by distributing 100 questionnaires. Data analysis methods used by this research is quantitative descriptive statistic and ordinal logistic regression. The result shows that the level of syariah financial literacy of SMEs owners in Yogyakarta is identified as medium category level with 68% percentage rate. Both income and respondent linkages to the financial institutions affect the level of syariah financial literacy of SMEs in Yogyakarta.