Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge

Parmitasari, Rika Dwi Ayu; Bulutoding, Lince; Alwi, Zulfahmi

doi:10.4108/eai.1-10-2019.2291738

Cited by 4 publications

(4 citation statements)

References 23 publications

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“…2 September 2023 P-ISSN 2550-0805 E-ISSN 2550-0791 dibentuk seperti sistem transaksi sesuai prinsip Islam yaitu Sharia Online Trading System (SOTS). Kehadiran pasar keuangan yang sesuai dengan syariah memfasilitasi mobilisasi sumber daya yang efisien dan memaksimalkan alokasi dana, sehingga meningkatkan peran Lembaga perantara keuangan dalam kegiatan investasi (Parmitasari et al, 2020). Pasar modal syariah Indonesia terus tumbuh meskipun jika dibandingkan dengan jumlah penduduk muslimnya masih terbentang jauh.…”

Section: Pendahuluanunclassified

Faktor Penentu Minat Investasi di Pasar Modal Syariah: Studi Pada Generasi Z Kota Malang

Bastomi,

Nurhidayah

2023

WidyaCipta

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The Islamic capital market has enormous potential to encourage sustainable economic and financial development. Investors in the Islamic capital market are still very small when compared to the total population of Indonesia. Public interest in investing is quite low, but they do not have sufficient knowledge to assess the risks and returns of the Islamic capital market. Thus, the purpose of this study is to examine the factors that influence Gen Z's interest in investing in the Islamic capital market, risk perception, social media influencers, and disposable income. This research utilizes a quantitative methodology focused on the generation Z population in Malang City. A total of 200 research samples were collected using the incidental sampling method. The collected information was analyzed using the PLS (Partial Least Squares) method. The results of data analysis show that interest in investing in Islamic capital markets is influenced by Islamic capital market literacy, risk perception, and social media influencers. However, the results of data analysis show that disposable income does not affect investment interest. This study has practical implications for increasing Gen Z participation in Malang City in investing in the Islamic capital market. Educational efforts aimed at improving Islamic capital market literacy, effective risk management, and utilizing the positive influence of social media influencers can motivate Gen Z's interest in investing in the Islamic capital market.

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Section: Pendahuluanunclassified

Faktor Penentu Minat Investasi di Pasar Modal Syariah: Studi Pada Generasi Z Kota Malang

Bastomi,

Nurhidayah

2023

WidyaCipta

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“…It also recognized by Adrutdin et al (2016) which revealed that the lack of information and knowledge about a particular banking products has significantaffect on the customers' interest to purchase the products. In addition, the existence of Islamic financial knowledge directly influenced customer's decision in achieving the goals and ends with the satisfaction (Parmitasari et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Does Customer Knowledge on Islamic Financial Planning is Crucial for Islamic Credit Cards Users?

et.al¹

2021

TURCOMAT

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Credit cards is one of the popular products of the Islamic bank. Despite being a popular product, the demand for Islamic credit cards was very low correlated to the conventional credit cards despite its unique offering features to customers. The appointment of a trusted Islamic Banking product is one of the steps to be considered in Islamic financial planning. The knowledge of Islamic financial planning plays a significant role in customer decision making regarding patronage. When making a purchase, it is important that customers completely understand products or services offered to ensure it followed the Shari’ah guidelines. Therefore, this study aims to investigate the factor of customer knowledge on Islamic financial planning that can influence customer satisfaction towards Islamic credit cards. The questionnaires were distributed by employing the convenient sampling technique and Statistical Package for Social Scientist (SPSS) is used to analyze the data that will be gathered. The result shows that the customer knowledge of Islamic financial planning has a significant relationship towards customer satisfaction of Islamic credit card.

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“…During the global financial crisis and other economic downturns, the emergence of Islamic stock markets has been key to reducing the risk of uncertainty in conventional capital markets and also reducing financial scandals in international capital markets (Malik, 2017). Moreover, Islamic investment promotes the principles of justice and equality in economic transactions (Omri et al, 2019), encourages socially and environmentally responsible investment in accordance with the concept of maqasid al-shari'ah (Barom, 2019), encourages efficient resource mobilization, and optimizes the allocation of funds that complement the role of financial intermediaries in the investment process (Parmitasari et al, 2020).…”

Section: Introductionmentioning

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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Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge

Cited by 4 publications

References 23 publications

Faktor Penentu Minat Investasi di Pasar Modal Syariah: Studi Pada Generasi Z Kota Malang

Faktor Penentu Minat Investasi di Pasar Modal Syariah: Studi Pada Generasi Z Kota Malang

Does Customer Knowledge on Islamic Financial Planning is Crucial for Islamic Credit Cards Users?

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

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