DAYA TARIK INVESTASI EXCHANGE TRADED FUND SYARIAH DI KALANGAN INVESTOR MUSLIM: Minat sebagai Variabel Mediasi

Syahfitri Fadila Lukman, - and Hilda Monoarfa, - and Suci Aprilliani Utami, - (2025) DAYA TARIK INVESTASI EXCHANGE TRADED FUND SYARIAH DI KALANGAN INVESTOR MUSLIM: Minat sebagai Variabel Mediasi. S1 thesis, Universitas Pendidikan Indonesia.

Abstract

Penelitian ini dilatarbelakangi oleh pertumbuhan pasar modal syariah di Indonesia, namun adopsi Exchange Traded Fund (ETF) syariah masih rendah, terutama di kalangan investor ritel generasi Y dan Z. Penelitian ini bertujuan untuk menganalisis pengaruh penghindaran risiko, persepsi investor, dan literasi keuangan syariah terhadap keputusan investasi ETF syariah, dengan minat investasi sebagai variabel mediasi, menggunakan kerangka Theory of Planned Behavior (TPB). Metode penelitian kuantitatif dengan analisis SEM-PLS menggunakan perangkat lunak SmartPLS.4, melibatkan 162 responden investor ETF syariah di Jawa Barat, terutama generasi Y berusia 25-34 tahun. Hasil penelitian menunjukkan bahwa penghindaran risiko dan minat investasi memiliki pengaruh positif dan signifikan terhadap keputusan investasi ETF syariah, sementara persepsi investor tidak berpengaruh signifikan. Literasi keuangan syariah justru memiliki pengaruh negatif, menandakan investor berliterasi tinggi cenderung memilih alternatif investasi lain seperti sukuk atau saham syariah. Minat investasi mampu memediasi hubungan penghindaran risiko dan persepsi investor terhadap keputusan investasi, namun tidak memediasi literasi keuangan syariah. Penelitian ini menyimpulkan bahwa penghindaran risiko dan minat investasi menjadi faktor kunci dalam mendorong investasi ETF syariah, sementara literasi keuangan syariah memerlukan strategi edukasi yang lebih relevan. Hasil penelitian ini diharapkan dapat membantu OJK dan BEI merancang kebijakan dan promosi untuk meningkatkan partisipasi investor ritel di ETF syariah. This study aims to be motivated by the growth of the Islamic capital market in Indonesia. However, the adoption of Islamic Exchange Traded Funds (ETFs) is still low, especially among Generation Y and Z retail investors. This study aims to analyze the effect of risk aversion, investor perceptions, and Islamic financial literacy on Islamic ETF investment decisions, with investment interest as a mediating variable, using the Theory of Planned Behavior (TPB) framework. Quantitative research method with SEM-PLS analysis using SmartPLS.4 software, involving 162 respondents of Islamic ETF investors in West Java, especially generation Y aged 25-34 years. The results showed that risk aversion and investment interest have a positive and significant influence on Islamic ETF investment decisions, while investor perceptions have no significant effect. Islamic financial literacy actually has a negative influence, indicating that highly literate investors tend to choose other investment alternatives such as sukuk or Islamic stocks. Investment interest is able to mediate the relationship between risk aversion and investor perceptions of investment decisions, but does not mediate Islamic financial literacy. This study concludes that risk aversion and investment interest are key factors in encouraging Islamic ETF investment, while Islamic financial literacy requires a more relevant education strategy. The results of this study are expected to help OJK and IDX design policies and promotions to increase retail investor participation in sharia ETFs.

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Item Type:	Thesis (S1)
Additional Information:	ID SINTA Dosen Pembimbing: Hilda Monoarfa: 6150134 Suci Aprilliani Utami: 6006385
Uncontrolled Keywords:	Penghindaran Risiko, Persepsi Investor, Literasi Keuangan Syariah, Minat Investasi, Keputusan Investasi, ETF Syariah. Risk Avoidance, Investor Perception, Sharia Financial Literacy, Investment Interest, Investment Decision, Sharia ETFs.
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc H Social Sciences > HG Finance
Divisions:	Fakultas Pendidikan Ekonomi dan Bisnis > Ilmu Ekonomi dan Keuangan Islam
Depositing User:	Syahfitri Fadila Lukman
Date Deposited:	22 Aug 2025 07:17
Last Modified:	22 Aug 2025 07:17
URI:	http://repository.upi.edu/id/eprint/135122

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