{"title":"FACTORS INFLUENCING THE BEHAVIORAL INTENTION TO USE SHARIA SECURITIES AS AN INVESTMENT OPTION IN INDONESIA","authors":"Syaparuddin Razak, Moh. Nasuka, Irwan Abdullah, Jumriani Raking, Prof. Syaparuddin Razak","doi":"10.33736/ijbs.6902.2024","DOIUrl":null,"url":null,"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.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":null,"pages":null},"PeriodicalIF":0.7000,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Business and Society","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.33736/ijbs.6902.2024","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
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.
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.