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August 11, 2025Jurnal REKSA Rekayasa Keuangan Syariah dan AuditOpen Access

The Impact of Religiosity, Risk Tolerance, Financial Behavior, and Locus of Control on Sharia Investment Decisions: The Moderating Role of Financial Literacy

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Authors

FHFebriana HidayantiNTNaelati TubastuviSWSri Wahyuni

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Overview

Analysis reveals significant effects of religiosity and financial behavior on Sharia investment decisions, suggesting financial literacy's moderating role.

Key Points

  • Religiosity, financial behavior, and financial literacy significantly influence Sharia investment decisions, enhancing rational choices.
  • The study found that higher financial literacy strengthens the positive impacts of religiosity and locus of control on investment decisions.
  • Assessment used Partial Least Squares Structural Equation Modeling (PLS-SEM) on data from 200 Islamic capital market investors.
  • These insights highlight the need for financial literacy programs tailored to boost understanding of Sharia investment.

Cite This Study

Hidayanti et al. (2025) studied this question.

synapsesocial.com/papers/68c23528b210217d6476f041https://doi.org/10.12928/jreksa.v12i1.11329
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Also Consider

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