The Influence of Capital Market Training, Investment Knowledge, and Investment Benefits on Investment Interest Among Students in Religious Higher Education Institutions
DOI:
https://doi.org/10.15294/jone.v12i1.28313Keywords:
finance education, investor behavior, faith-based investing, capital market development, emerging marketsAbstract
Background: Indonesia's capital market faces a critical challenge with foreign investors dominating 51.99% of top issuers, highlighting an urgent need to cultivate domestic investor participation.
Research Objectives: This study investigates how capital market training, investment knowledge, and perceived benefits influence investment interest among students in Islamic universities, aiming to identify effective strategies for faith-based financial education.
Research Method: Employing a quantitative approach, we surveyed 136 members of Sharia Investment Galleries across three state Islamic universities (UIN Jakarta, Bandung, and Banten) and analyzed data using PLS-SEM.
Research Findings: The findings highlight the psychological importance of perceived returns and value creation as key influencers. At the same time, it also reveals the effectiveness of Sharia-compliant investment benefits in religious academic settings, where ethical alignment strengthens financial engagement. These insights underscore the interplay of cognitive preparation and value-driven incentives in fostering sustainable investment participation, offering valuable guidance for financial educators and policymakers aiming to promote informed and motivated investment decisions.
Conclusion: The study concludes that capital market training, investment knowledge, and perceived benefits significantly enhance investment interest. Additionally, emphasizing the advantages of Sharia-compliant investments proves particularly effective in religious academic environments.
Novelty/Originality/Value: This study pioneers the validation of capital market training (KSPM) in Islamic universities, revealing how religious values shape investment behavior. It introduces the groundbreaking Faith-Smart KSPM framework, blending Islamic finance principles with modern investment education to develop ethical investors. The findings offer regulators a strategic approach to boost domestic investment while aligning with Indonesia's financial sovereignty goals.
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Copyright (c) 2026 Franky Okto Bernando, Pringgondani Pringgondani, Deni Pandu Nugraha (Author)
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