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

Abstract

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.

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

“…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. Generation Z also has a good opportunity to make money by selling the stocks they have purchased at a profit when they anticipate a price drop (Holle et al, 2023). The increasing awareness of the importance of financial literacy has led to the development of educational programs from organizations such as the Financial Services Authority (OJK) and educational institutions such as universities to educate millennials that investing is not difficult and that anyone with access to the internet can do it.…”