THE ROLE OF ISLAMIC FINANCIAL LITERACY AND ISLAMIC BOARDING SCHOOL EDUCATION IN SHAPING HALAL INVESTMENT INTENTIONS: A MIXED METHOD STUDY ON ECONOMICS STUDENTS

Authors

  • Gilang Dwi Cahyo Pamulang University
  • Viona Febri Liana Pamulang University
  • Mutoharoh Pamulang University
  • Tyara Yogi Wulandari Pamulang University
  • Raden Ai Lutfi Hidayat Pamulang University

Keywords:

Islamic Financial Literacy, Halal Investment, Financial Behavior.

Abstract

Islamic finance in Indonesia exhibits promising growth, characterized by rising youth engagement with Sharia-compliant financial products. Despite this trend, significant challenges persist regarding the level of Islamic financial literacy among university students. This study investigates the impact of Islamic financial literacy on students' interest in investing in halal instruments, with pesantren-based educational background examined as a moderating variable. Employing a mixed-methods approach, the research collected quantitative data through structured questionnaires from 200 Economics Education students at Pamulang University, supplemented by in-depth qualitative interviews with 10 informants. Quantitative data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), while thematic analysis was applied to qualitative data. The findings reveal a statistically significant positive influence of Islamic financial literacy on students' halal investment intentions. Furthermore, a pesantren educational background significantly strengthens this relationship, underscoring the pivotal role of value-based education in fostering ethical financial behavior. These results highlight the critical need for integrating targeted Islamic financial literacy programs within higher education curricula, particularly for students preparing for future roles as educators and economic drivers.

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Published

2025-10-08

How to Cite

Gilang Dwi Cahyo, Viona Febri Liana, Mutoharoh, Tyara Yogi Wulandari, & Raden Ai Lutfi Hidayat. (2025). THE ROLE OF ISLAMIC FINANCIAL LITERACY AND ISLAMIC BOARDING SCHOOL EDUCATION IN SHAPING HALAL INVESTMENT INTENTIONS: A MIXED METHOD STUDY ON ECONOMICS STUDENTS. International Journal of Economics Education Research (IJEER), 6(2), 50–58. Retrieved from https://openjournal.unpam.ac.id/index.php/IJEER/article/view/49995

Issue

Vol. 6 No. 2 (2025): International Journal of Economics Education Research (IJEER)

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Articles

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