The Effect of Financial Literacy and Knowledge of Capital Market on Intention to Invest on Islamic Stock Exchange

Malkan, Malkan

doi:10.47191/ijcsrr/v5-i2-09

Cited by 4 publications

(8 citation statements)

References 15 publications

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“…The same thing was stated in research (Aryani, 2018), (Tanusdjaja, 2018), (Aini et al, 2019), which did not find a relationship between investment in the Islamic capital market and literacy. However, this study is different from the research (Malkan, 2022), (Jalari & Marimin, 2020), (Merawati & Putra Semara, 2015), (Syaifullah et al, 2019), (Herawati & Trisna, 2020), (Zaenal Arifin, 2022) which found that students' interest in investing had a positive impact due to literacy.…”

Section: Financial Literacy Of the Academic Community Of Iain Amboncontrasting

confidence: 94%

“…It impacts the low utilisation of services and products by financial institutions. This condition also occurs in the Islamic capital market (Malkan, 2022;Sabir et al, 2021). Table 1 shows Islamic financial literacy in the financial services sector.…”

Section: Islamic Financial Literacymentioning

confidence: 81%

“…It means the Islamic financial market in Maluku still has a different resonance than traditional capital markets. Therefore, society should be reintroduced to the Islamic capital market (Abbass et al, 2022;Hasan et al, 2022;Malkan, 2022;Kemu, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Academic community's investment decision in sharia stock market: The impact of financial literacy

Holle

Maruapey²,

Karanelan³

et al. 2023

al-Uqud

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This study aims to determine the impact of Islamic financial literacy on the academic community at IAIN Ambon in investing in the Islamic capital market. The research methodology uses interpretive qualitative techniques. Data were collected through observation and in-depth interviews with the academic community who became informants who were determined using the purposive sampling technique. The results of the study revealed that the academic community of IAIN Ambon has high financial literacy because they received special education through investment courses and special Islamic capital markets for students, and training for lecturers and other staff, but it has not had a maximum impact on investment decisions in the Islamic capital market. The reason is that the implementation and assistance from the results of education and training are not carried out optimally. Another cause is the level of income and risk that the community thinks so that it creates boredom to invest.

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Section: Financial Literacy Of the Academic Community Of Iain Amboncontrasting

confidence: 94%

Section: Islamic Financial Literacymentioning

confidence: 81%

See 1 more Smart Citation

Academic community's investment decision in sharia stock market: The impact of financial literacy

Holle

Maruapey²,

Karanelan³

et al. 2023

al-Uqud

View full text Add to dashboard Cite

show abstract

“…A comprehensive level of literacy can facilitate Generation Z's comprehension of the potential advantages and drawbacks associated with engaging in investment activities within the Islamic capital market (Malkan et al, 2022). Hence, it can be observed that Generation Z possesses a comprehensive awareness of the Islamic capital market, enabling them to recognize the periodic fluctuations in Islamic stock values.…”

Section: The Effect Of Islamic Capital Market Literacy On Investment ...mentioning

confidence: 99%

“…In other words, risk perception can explain why and how Islamic capital market literacy affects a person's intention to invest in Islamic instruments. Literacy increases an individual's understanding and confidence in Islamic investments (Malkan et al, 2022), while risk perception helps direct how they respond to the risks involved in such investments (Nguyen et al, 2017).…”

Section: The Effect Of Islamic Capital Market Literacy On Investment ...mentioning

confidence: 99%

The influence of islamic capital market literacy toward intention to invest in islamic capital market: Does risk perception mediate the relationship?

Bastomi,

Sudaryanti

2024

JAI

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Research aims: This study was motivated by the limited study on the Islamic capital market, mainly in the behavioral finance field. Moreover, the incongruity findings in prior research investigations suggest additional exploration to elucidate the correlation between literacy and investing intention. This study, therefore, aims to clarify financial literacy roles in investment intention as mediated by risk perception. Specifically, the effect of Islamic capital market literacy on the intention to invest in the Islamic capital market was scrutinized.Design/Methodology/Approach: The present study employed quantitative methodology to address the issue under investigation. The study's sample was comprised of 200 respondents from the Generation Z investor population residing in Malang City. The research instrument used a set of seven Likert scales. The present study also utilized Partial Least Squares Structural Equation Modelling (PLS-SEM) for data analysis.Research findings: The research findings uncovered that Islamic capital market literacy affected risk perception and investment intention, and risk perception had a direct effect on investment intention. In addition, risk perception also successfully mediated the effect of capital market literacy on Gen Z's investment intention in the Islamic capital market.Theoretical contribution/Originality: This research has made a valuable contribution to the existing body of Islamic capital market literature, which has received limited attention. The research highlights the significance of Islamic capital literacy and establishes a favorable perspective of risk as a practical aspect. The results also have valuable input for the government in developing policies that promote increased involvement of young individuals in investing activities by enhancing literacy levels. Practitioner/Policy implication: The research highlights the significance of establishing a favourable perspective of risk as a practical aspect. The results of this study can be a helpful asset for governmental organisations seeking to develop policies that promote increased involvement of young individuals in investing activities by enhancing literacy levels. Research limitation/Implication: Nevertheless, one problem identified in this study is the lack of differentiation between respondents based on their level of literacy and the duration of their engagement. This aspect holds significant importance in influencing an individual's perception of risk.

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Women and Investment Decision in Sharia Instruments: Moderating Effect of Financial Spirituality Orientation

Amaroh,

Prasetyoningrum,

Husain

2024

jip

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This research is based on a gap in authority between men and women in making investment decisions where women are considered less financially literate and less struggling. Therefore, this study examines how financial literacy and trust affect women’s investment decisions in Sharia instruments with financial spirituality orientation as a moderating factor. The sample was selected from 256 women on the northeastern coast of Central Java, Indonesia. Structural Equation Modeling with a Partial Least Square method was used to test the data. The findings showed that the higher the financial literacy, trust, and financial spirituality orientation, the better the decision level in the Sharia investment decisions. The financial spirituality orientation strengthens the influence of financial literacy on Sharia investment decisions. However, financial spiritual orientation cannot intervene in trust in financial institutions. This finding suggests that women consider their spiritual beliefs while making financial decisions, but spirituality cannot nullify trust’s ability to affect Sharia investment choices. The implication is that when gender equality is acknowledged, women can get an education, work, income, and be more financially literate. The role of financial spirituality is in its mission of establishing the life-balances.

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The Effect of Financial Literacy and Knowledge of Capital Market on Intention to Invest on Islamic Stock Exchange

Cited by 4 publications

References 15 publications

Academic community's investment decision in sharia stock market: The impact of financial literacy

Academic community's investment decision in sharia stock market: The impact of financial literacy

The influence of islamic capital market literacy toward intention to invest in islamic capital market: Does risk perception mediate the relationship?

Women and Investment Decision in Sharia Instruments: Moderating Effect of Financial Spirituality Orientation

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