FACTORS INFLUENCING THE BEHAVIORAL INTENTION TO USE SHARIA SECURITIES AS AN INVESTMENT OPTION IN INDONESIA

IF 0.7 Q4 BUSINESS International Journal of Business and Society Pub Date : 2024-04-04 DOI:10.33736/ijbs.6902.2024

Syaparuddin Razak, Moh. Nasuka, Irwan Abdullah, Jumriani Raking, Prof. Syaparuddin Razak

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Abstract

This study aims to investigate the factors that can predict the behavioral intention of Muslims in Indonesia to use Sharia securities as an investment option. The TPB model was enhanced with Sharia compliance and financial intelligence to develop the theoretical model for this investigation. The paper investigates the impact of Sharia compliance and financial intelligence on attitude, and the impact of attitude, subjective norms, and perceived behavioral control on behavioral intention to use Sharia securities as an investment option as well. The mediating role of attitude was also investigated on the relationship between the proposed adoption factors and the behavioral intention to use Sharia securities as an investment option. Smart PLS (v. 4.0.8.9) software was used to analyze 617 responses collected via an online survey. The Findings showed that Sharia compliance and financial have a positive and significant effect on attitude, and attitude subjective norms, and perceived behavioral control also have a positive and significant effect on behavioral intention to use Sharia securities as an investment option. Moreover, attitude fully mediates the relationship between Sharia compliance and financial intelligence on behavioral intention to use Sharia securities as an investment option. The findings offer valuable insights to Sharia securities users, Sharia securities developers, and the government of Indonesia.

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影响印度尼西亚将伊斯兰教法证券作为投资选择的行为意向的因素

本研究旨在调查能够预测印度尼西亚穆斯林将伊斯兰教法证券作为投资选择的行为意向的因素。在 TPB 模型的基础上增加了伊斯兰教法合规性和金融智能，从而建立了本研究的理论模型。本文研究了伊斯兰教法合规性和金融智能对态度的影响，以及态度、主观规范和感知行为控制对将伊斯兰教证券作为投资选择的行为意向的影响。此外，还研究了态度对所提出的采用因素与将伊斯兰教证券作为投资选择的行为意向之间关系的中介作用。研究使用 Smart PLS（4.0.8.9 版）软件对通过在线调查收集到的 617 份答复进行了分析。研究结果表明，伊斯兰教法合规性和财务对态度有显著的正向影响，态度主观规范和感知行为控制对使用伊斯兰教证券作为投资选择的行为意向也有显著的正向影响。此外，态度完全调节了伊斯兰教法合规性和金融情报对将伊斯兰教证券作为投资选择的行为意向的影响。研究结果为伊斯兰教证券用户、伊斯兰教证券开发商和印度尼西亚政府提供了有价值的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Business and Society BUSINESS-

CiteScore

1.80

自引率

10.00%

发文量

期刊介绍： International Journal of Business and Society (IJBS) is an international scholarly journal devoted in publishing high-quality papers using multidisciplinary approaches with a strong emphasis on business, economics and finance. It is a triannual journal published in April, August and December and all articles submitted are in English. Our uniqueness focus on the impact of ever-changing world towards the society based on our niche area of research. IJBS follows a double-blind peer-review process, whereby authors do not know reviewers and vice versa. The journal intends to serve as an outlet with strong theoretical and empirical research and the papers submitted to IJBS should not have been published or be under consideration for publication elsewhere.