The Impact of Islamic Capital Market Literacy, Financial Behavior, and Income on the Interest to Invest in Islamic Capital Markets among Generation Z Case Study on Gunadarma University Students

Main Article Content

Zaenal Arifin
Muhamad Rizky Rizaldy

Abstract

This study aims to determine the effect of Islamic capital market literacy, financial behavior, and income on the interest in investing in the Islamic capital market among generation Z. The research type and method used is quantitative research. The data used is primary data collected using an online questionnaire containing questions related to the variables, spread among Gunadarma University students as respondents. This study uses multiple linear regression analysis with a non-probability sampling technique assisted by statistical tools SPSS version 25. The results of this study indicate that partially Islamic capital market literacy variables (X1) and financial behavior (X2) have a significant effect on interest in investing in Islamic capital market. However, income (X3) has no partial effect on interest in investing. Meanwhile, simultaneously, the variables of Islamic capital market literacy, financial behavior, and income have an influence on interest in investing in the Islamic capital market. The results of this study emphasize the importance of increasing financial literacy to increase the involvement of Generation Z in the Islamic financial system, by intensifying socialization and education programs, in this case on the Islamic capital market.

Downloads

Download data is not yet available.

Article Details

How to Cite
Arifin, Z., & Rizaldy, M. (2022). The Impact of Islamic Capital Market Literacy, Financial Behavior, and Income on the Interest to Invest in Islamic Capital Markets among Generation Z. Reslaj : Religion Education Social Laa Roiba Journal, 4(6), 1493-1510. https://doi.org/10.47467/reslaj.v4i6.1159
Section
Articles

References

Arianti, B. F. (2018). The Influence of Financial Literacy, Financial Behavior and Income on Investment Decision. EAJ (Economic and Accounting Journal), 1(1), 1–10. https://doi.org/10.32493/EAJ.V1I1.Y2018.P1-10
Arianti, B. F. (2020). Pengaruh Pendapatan dan Perilaku Keuangan Terhadap Literasi Keuangan Melalui Keputusan Berinvestasi Sebagai Variabel Intervening. Ejournal.Unib.Ac.Id, 10(1), 13–36.
Deviyanti, L. P. A. E., Purnamawati, I. G. A., & Yasa, I. N. P. (2017). Pengaruh Norma Subjektif, Persepsi Return dan Literasi Keuangan terhadap Minat Mahasiswa untuk Berinvestasi Saham di Pasar Modal (Studi Pada Mahasiswa Jurusan Akuntansi Program S1 Universitas Pendidikan Ganesha). E-Journal S1 Ak Universitas Pendidikan Ganesha, 8(2), 1–12.
Ghozali, I. (2011). Aplikasi Analisis Multivariete dengan Program SPSS.
Hilgert, M. A., & Hogarth, J. M. (2012). Household Financial Management: The Connection between Knowledge and Behavior. Revista de Investigaciones Veterinarias Del Perú, 20(2), 300–322. https://doi.org/10.15381/rivep.v20i2.609
Humaira, I., & Sagoro, E. M. (2018). Pengaruh Pengetahuan Keuangan, Sikap Keuangan, dan Kepribadian Terhadap Perilaku Manajemen Keuangan Pada Pelaku UMKM Sentra Keranjinan Batik Kabupaten Bantul. Nominal: Barometer Riset Akuntansi Dan Manajemen, 7(1), 96–110. https://doi.org/10.21831/NOMINAL.V7I1.19363
Indrayani, S. (2018). Pengaruh Pendapatan, Pengetahuan, dan Pengalaman Keuangan Terhadap Perilaku Perencanaan Investasi Keluarga di Sidoarjo. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Kahneman, D., & Tversky, A. (1982). Variants of uncertainty. Cognition, 11(2), 143–157. https://doi.org/10.1016/0010-0277(82)90023-3
Kemu, S. Z. (2016). Literasi Pasar Modal Masyarakat Indonesia. Jurnal DPR, 21(Kajian 21), 161–175.
Khalijah, S. (2017). Reksa Dana Syariah. AL-INTAJ, 3(2), 324–340.
Lestari, A. U. S. R. (2013). Analisis Perbandingan Risk Dan Return Saham Syariah Dan Saham Konvensional ( Studi Kasus Pada Indeks Saham Jii Dan Indeks Lq-45 ) Skripsi. In Skripsi.
Malik, A. D. (2017). Analisa Faktor–Faktor yang Mempengaruhi Minat Masyarakat Berinvestasi di Pasar Modal Syariah melalui Bursa Galeri Investasi UISI. Jurnal Ekonomi Dan Bisnis Islam (Journal of Islamic Economics and Business), 3(1), 61. https://doi.org/10.20473/jebis.v3i1.4693
Marzban, S., & Asutay, M. (2012). The Impact of Asset-based versus Market Capitalization-based Shari’ah Screening on US and Japanese Equities: An Empirical Analysis. Asian and African Area Studies, 11(2), 151–165. https://doi.org/10.1063/1.2756072
OJK. (2016). Pasar Modal Syariah. https://www.ojk.go.id/id/kanal/syariah/pages/pasar-modal-syariah.aspx
OJK. (2020). Survei Nasional Literasi dan Inklusi Keuangan 2019. https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-2019.aspx
Peristiwo, H. (2016). Analisis Minat Investor di Kota Serang terhadap Investasi Syariah pada Pasar Modal Syariah. ISLAMICONOMIC: Jurnal Ekonomi Islam, 7(1), 37–52. https://doi.org/10.32678/ijei.v7i1.7
Purwidianti, W., & Mudjiyanti, R. (2016). Analisis Pengaruh Pengalaman Keuangan dan Tingkat Pendapatan Terhadap Perilaku Keuangan Keluarga di Kecamatan Purwokerto Timur. Benefit: Jurnal Manajemen Dan Bisnis, 1(2), 141–148. https://doi.org/10.23917/BENEFIT.V1I2.3257
Rizaldy, M. R., & Ahmed, H. (2019). Islamic legal methodologies and Shariah screening standards: Application in the Indonesian stock market. Thunderbird International Business Review, 61(5), 793–805. https://doi.org/10.1002/tie.22042
Rizaldy, M. R., & Rahayu, S. (2021). Mapping the global Islamic equity market vis-à-vis the COVID-19 turbulence. Jurnal Ekonomi Dan Keuangan Islam, 7(2), 175–188. https://journal.uii.ac.id/JEKI/article/view/20437/11596
Sakinah, S. (2015). Investasi dalam Islam. IQTISHADIA: Jurnal Ekonomi & Perbankan Syariah, 1(2), 248. https://doi.org/10.19105/iqtishadia.v1i2.483
Tandio, T., & Widanaputra, A. A. G. P. (2016). Pengaruh Pelatihan Pasar Modal, Return, Persepsi, Risiko, Gender, dan Kemajuan Teknologi Pada Minat Investasi Mahasiswa. E-Jurnal Akuntansi Universitas Udayana, 16(3), 2–26.
Wahyuni, E. S. (2018). Isu dalam Produk Keuangan Syariah: Sukuk. Al-Intaj: Jurnal Ekonomi Dan Perbankan Syariah, 4(2), 209–223. https://doi.org/10.29300/aij.v4i2.1210
Yulianti, N., & Silvy, M. (2013). Sikap Pengelola Keuangan dan Perilaku Perencanaan Investasi Keluarga di Surabaya. Inkubator-Bisnis.Perbanas.Ac.Id, 3(1), 57–68.