The Impact of Islamic Financial Literacy on Gen Z's Investment Decisions in The Islamic Capital Market

Islamic Capital Market, Volume 2, No. 2. Pp. 1-10

10 Pages Posted: 7 Jan 2025

Date Written: December 25, 2024

Abstract

This study aims to examine the influence of Islamic financial literacy on Gen Z's investment decisions in the Islamic capital market, focusing on active students of the Sharia Economics program at University of Mulawarman. The research employs a quantitative methodology. The population consists of Sharia Economics students at University of Mulawarman from the 2020-2024 cohorts, with a sample size of 85 respondents. Data collection was conducted using questionnaires distributed via Google Forms, shared in cohort groups through the WhatsApp application, utilizing a Likert scale for measurement. The analytical tools used include validity tests, reliability tests, normality tests, simple linear regression analysis, determination coefficients, and hypothesis testing (t-tests), processed using IBM SPSS version 22.0. The findings indicate that Islamic financial literacy has a positive and significant effect on Gen Z investment decisions in the Islamic capital market.

Keywords: Islamic Finance, Gen Z, Capital Market, Literacy, Investment

Suggested Citation

Nur Anisa, Salsabilla and Fajri AF, Muh Shadiqul, The Impact of Islamic Financial Literacy on Gen Z's Investment Decisions in The Islamic Capital Market (December 25, 2024). Islamic Capital Market, Volume 2, No. 2. Pp. 1-10, Available at SSRN: https://ssrn.com/abstract=5083173 or http://dx.doi.org/10.2139/ssrn.5083173

Salsabilla Nur Anisa

Universitas Mulawarman ( email )

Muh Shadiqul Fajri AF (Contact Author)

Universitas Mulawarman ( email )

Jl. Kuaro
Kotak Pos 1068
Samarinda, Kalimantan Timur 75119
Indonesia
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