Analysis of The Interest of Islamic Economics   Students at The Sjech M. Djamil Djambek Bukittinggi State Islamic University in Investing in Sharia Stocks

Rizalul Fahmi Fahmi; M.  Imamuddin; Rika  Widianita; Yefri Joni

Authors

Rizalul Fahmi Fahmi Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
M. Imamuddin Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
Rika Widianita Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
Yefri Joni Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Keywords:

Financial Literacy, Investment, Islamic Economics, Sharia Stocks, Student Interest

Abstract

This study was motivated by the positive development of sharia stocks in Indonesia, but student interest in this instrument remains low compared to conventional stocks. Low literacy, limited technical understanding, and risk perception are the main factors hindering student involvement. This study uses a qualitative descriptive method with a case study approach through interviews, observations, and documentation of Islamic Economics students at the Faculty of Economics and Islamic Business, Sjech M. Djamil Djambek Bukittinggi State Islamic University. The results show that students with in-depth understanding and direct practical experience have a higher interest in investing, while limited capital, lack of guidance, and minimal technical literacy are the main obstacles. Overall, student interest in sharia stock investment is relatively high, but its realization is still influenced by financial readiness and educational support. Improving literacy, providing practical guidance, and offering access to investments with small capital are important steps to encourage active student participation in the Islamic capital market.

References

Abdalloh, I. (2019). Sharia Capital Market. Jakarta: Kompas Gramedia.

Ainley, M., Hillman, K., & Hidi, S. (2002). Gender and Interest Processes in Response to Literary Texts: Situational and Individual Interest. Learning and Instruction , 12, 411-428

Alfatih, A. (2017). Easy Guidelines for Conducting Qualitative Descriptive Research. Palembang: Sriwijaya University.

Anggraini, I. A., Utami, W. D., & Rahma, S. B. (2020). Analysis of Students' Interests and Talents in Learning. Terampil: Journal of Basic Education and Learning, 7(1).

Annisa, S., et al. (2020). Analysis of Factors Affecting Student Interest in Investing in the Sharia Capital Market. VISA: Journal of Visions and Ideas, 1(2).

Antonio, M. S. (2020). Islamic Banking: Theory and Practice. Jakarta: Gema Insani.

Aziz, P. F. (2021). OJK Strategies in Improving the Islamic Financial Literacy and Inclusion Index. Jakarta: OJK.

Basri, H., & Mayasari, V. (2019). Comparison of Sharia Stock Performance on the Indonesia Stock Exchange and the Malaysia Stock Exchange. Current Global Economic Scientific Journal, 10(2).

Bodie, Z., Kane, A., & Marcus, A. J. (2014). Investments (10th ed.). New York: McGraw-Hill Education.

Brigham, E. F., & Houston, J. F. (2012). Fundamentals of Financial Management (14th ed.). Mason: Cengage Learning.

National Sharia Council of the Indonesian Ulema Council. (2003). DSN-MUI Fatwa No. 40/DSN-MUI/X/2003 concerning the Capital Market and General Guidelines for the Application of Sharia Principles in the Capital Market. Jakarta: DSN-MUI.

Endriani, A. (2019). Developing Interest in Learning. Idaarah: Journal of Education Management, 3(2).

Fahmi, I. (2015). Introduction to Investment. Bandung: Alfabeta.

Fahrudin, M. K. (2023). The Effect of Financial Literacy on Student Investment Interest in the Sharia Capital Market with Risk Perception as a Moderator. Thesis. UIN Prof. K.H. Saifuddin Zuhri Purwokerto. Pearson Education.

Halim, A. (2005). Investment Analysis. Jakarta: Salemba Empat.

Hartati, N. (2021). Analysis of Sharia Stock Performance during Market Volatility. Journal of Sharia Economics, 5(1).

Hatmawan, A. A., & Widiasmara, A. (2017). Factors Affecting Customer Intentions to Save in Sharia Banking with Religion as a Control Variable. Assets: Journal of Accounting and Education, 5(2).

Lathifah, N. (2020). Analysis of the Conformity of Sharia Stock Issuers Based on DSN-MUI Fatwa. Indonesian Sharia Economics Journal, 4(2).

Lathifah, N. (2021). Analysis of Issuers' Compliance with Sharia Principles. Indonesian Sharia Economics Journal, 5(1).

Mouw, E., et al. (2022). Qualitative Research Methods. Padang: PT. Global Eksekutif Teknologi.

Mubarok, F. K. (2018). The Role of Socialization and Education in Fostering Interest in Investment in the Sharia Capital Market. INOVASI, 14(2).

Munawaroh, S., & Sugiono. (2019). Investment Law. Surabaya: CV. Jakad Publishing.

Nabilah, F., & Hartutik. (2020). The Influence of Knowledge, Religiosity, and Investment Motivation on Interest in Investing in the Sharia Capital Market among Beginner Stock Investor Communities. Taraadin, 1(1).

Nanang Matono, Quantitative Research Methods, Purwokerto: Rajawali Pers

Nurisnayanti, N., & Sevriana, L. (2023). The Influence of Sharia Financial Literacy and Student Investment Interest on Investment Decisions in the Sharia Capital Market. Jurnal Tafs: Journal of Tarbiyah and Islamic Studies, 7(2).

Financial Services Authority. (2019). 2019 Indonesian Sharia Finance Development Report. Jakarta: OJK.

Financial Services Authority. (2023). List of Sharia Securities for Period II of 2023. Jakarta: OJK.

Pajar, R. C., & Pustikaningsih, A. (2017). The Influence of Investment Motivation and Investment Knowledge on Investment Interest in the Capital Market among FE UNY Students. Profita Journal, 5(1).

Prayitno, H. J. (2021). Increasing Student Learning Interest and Learning Activity in Grade VII. Science, Engineering, Education, and Development Studies (SEEDS): Conference Series, 5(2).

Prayuga, Y., & Abadi, A. P. (2019). Student Learning Interest in Mathematics Learning. Sesiomadika Proceedings, 2(1d).

Puranidhi, A. L. (2019, March 18). Indonesia's Sharia Capital Market Has the Greatest Potential in the World.

Purboyo, H., & Wicaksono, D. (2019). The Effect of Risk Perception on Interest in Investing in Sharia Stocks. Journal of Islamic Economics and Finance, 5(2).

Rahman, H. (2021). Investing in the Sharia Capital Market. Yogyakarta: Deepublish.

Raranta, J. E., & Tando, D. (2022). Educators' Strategies for Handling Individual Differences in the Learning Process. Jurnal Regulai Fidei, 2.

Soemitra, A. (2009). Islamic Banks & Financial Institutions. Jakarta: Kencana Prenada Media Group.

Sugiyono, Quantitative, Qualitative, and R&D Research Methods, Bandung: Alfabeta

Suhir, M., Suyadi, I., & Riyadi. (2014). The Influence of Risk Perception, Convenience, and Benefits on Online Purchasing Decisions (Survey of Users of the Website www.Kaskus.co.id). Journal of Business Administration, 8(1).

Tandelilin, E. (2010). Portfolio and Investment: Theory and Application. Yogyakarta: Kanisius.

Tandio, T., & Widanaputra, A. (2016). The Effect of Capital Market Training, Returns, Risk Perception, Gender, and Technological Advances on Student Investment Interest. E-Journal of Accounting, Udayana University, 16(3).

Utami, D. N. (2020, December 30). Unshaken by the Pandemic, the Number of Capital Market Investors Continues to Rise. Retrieved February 25, 2021, from [online source].

Wahyuni, E. (2020). Sharia Stock Performance During Market Volatility. Journal of Sharia Finance, 3(2).

Yusuf, M. (2019). The Influence of Technological Advancement and Knowledge on Millennials' Interest in Investing. Journal of Islamic Economics & Business.