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All Journal Jurnal Ekonomi Pembangunan ETIKONOMI Maksimum : Media Akuntansi Universitas Muhammadiyah Semarang Jurnal Ekonomi Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) IQTISHODUNA Jurnal Ekonomi Syariah Teori dan Terapan JURNAL EKONOMI DAN BISNIS AIRLANGGA An-Nisbah: Jurnal Ekonomi Syariah JIET (Jurnal Ilmu Ekonomi Terapan) Jurnal Ekonomi dan Bisnis Islam Falah : Jurnal Ekonomi Syariah Jurnal Ilmiah Ekonomi Islam Jurnal Riset Akuntansi dan Keuangan Jurnal Ekonomi & Keuangan Islam Transformatif Shirkah: Journal of Economics and Business PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat JESI (Jurnal Ekonomi Syariah Indonesia) Economic Education and Entrepreneurship Journal Journal of Islamic Accounting and Finance Research Media Agribisnis Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Oeconomicus Journal of Economics ASIAN JOURNAL OF ISLAMIC MANAGEMENT (AJIM) SEMAR Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Journal of Islamic Economics and Finance Studies Daengku: Journal of Humanities and Social Sciences Innovation Al-Buhuts (e-journal) Jurnal Ekonomika dan Bisnis Islam Indonesian Community Journal Ijtimā`iyya: Journal of Muslim Society Research Indonesian Capital Market Review Journal of Islamic Economics Lariba SAUJANA : Jurnal Perbankan Syariah dan Ekonomi Syariah Sharia Economic and Management Business Journal (SEMBJ) Jurnal Mediasas : Media Ilmu Syari'ah dan Ahwal Al-Syakhsiyyah An-Nisbah: Jurnal Ekonomi Syariah Madania: Jurnal Kajian Keislaman eJEBA
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Islamic Financial Regulations, Islamic Financial Literacy and Financial Inclusion: Insights from ASEAN La Himmah il Princess Choris; Arva Athallah Susanto; Sulistya Rusgianto; Tika Widiastuti
SAUJANA : Jurnal Perbankan Syariah dan Ekonomi Syariah Vol 8 No 3 (2026): SAUJANA : Jurnal Perbankan Syariah dan Ekonomi Syariah
Publisher : LPPM STEI Kanjeng Sepuh Gresik Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59636/saujana.v8i3.351

Abstract

This research aims to explore the relationship between Islamic financial regulation, Islamic financial literacy, and financial inclusion in the ASEAN region. Utilizing articles from three ASEAN countries—Indonesia, Malaysia, and Brunei Darussalam—this study employs a Systematic Literature Review methodology. With the growing interest in Islamic finance in ASEAN, a deeper understanding of these three components has become crucial. The research collects and analyzes relevant articles, journals, and reports from 2016 to 2024, employing strict inclusion and exclusion criteria. The review results indicate that effective Islamic financial regulation contributes to an increase in Islamic financial literacy, which in turn positively impacts the level of financial inclusion in ASEAN countries. Additionally, the study identifies the challenges faced in the implementation of regulations and strategies to enhance financial literacy among the population. These findings provide valuable insights for policymakers and financial practitioners to formulate policies that support the growth of sharia-compliant inclusive finance in ASEAN. The research emphasizes the need for collaboration among stakeholders to maximize the potential of Islamic finance in enhancing the economic welfare of the community.
Financial literacy and tech advances on Sharia investment intentions Oktari, Marina; Ratnasari, Ririn Tri; Rusgianto, Sulistya
Jurnal Ekonomi & Keuangan Islam Volume 12 No. 2, July 2026
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol12.iss2.art7

Abstract

Purpose – This study examines the impact of financial literacy and technological advancements on young investors’ investment intentions in the Sharia capital market. It also investigates the mediating impact of risk tolerance and moderating influence of income levels.Methodology – This study employs a quantitative methodology utilizing structural equation modeling with partial least squares (SEM-PLS). Data were gathered via an online questionnaire aimed at Muslim investors aged 18 to 40 years with expertise in Indonesia’s Sharia capital market. A five-point Likert scale was used to assess these factors. A total of 204 valid replies were examined using SmartPLS 4.Findings – The findings reveal that both financial literacy and technological advances have significant positive effects on investment intention. Technological advances also significantly increase risk tolerance, whereas financial literacy does not. Risk tolerance neither significantly predicts investment intention, nor mediates the effects of financial literacy or technology. Income level negatively moderates the relationship between financial literacy and investment intention as well as between technological advances and risk tolerance. No significant moderating effects of income were found in other relationships.Implications – This study provides valuable insights for financial institutions and policymakers aiming to enhance participation in the Sharia capital market through financial literacy programs and user-friendly digital investment platforms.Originality – This study contributes to the growing literature on Islamic finance by incorporating a behavioral model that includes both mediation and moderation effects, focusing specifically on millennials and Gen Z Muslim investors in a Sharia-compliant investment setting.
Co-Authors Aam Slamet Rusydiana Achmad Fadlil Abidillah Achmad Fadlil Abidillah Achmad Nur Iman Ahmad Fadlur Rahman Bayuny Akhmad Kusuma Wardhana Akhmad Kusuma Wardhana akhmad kusuma wardhana Akhmad Kusuma Wardhana Al Khaidar, Moch Aridhi Al Marifatul A'la Alfath Shifa Ghifara Almeyda, Devia Andini Cahyaning Pratiwi Annisa Rahma Febriyanti Anwar Allah Pitchay Arroyan Ramly Arva Athallah Susanto Arva Athallah Susanto Asya'bani, Nispia Asya’bani, Nispia Athi’ Hidayati Awaludin, Azrul Afrillana Bayu Arie Fianto Bayu Rahmadi Putra Bella, Firsty Izzata Cholil, Muhammad Chorista Fitriani Chrisananda, Riska Anin Chrisananda, Riska Anin Devita Alliv Nurdiana Dewi Rahmawati Maulidiyah Dian Ghani Reza Dasangga Diana Nabilatul Arifah Eka Puspa Dewi Eka Puspa Dewi Eko Fajar Cahyono, David Kaluge Eko Siswahto Faradilah Putri Fauzi Fasiha Fasiha Fasiha, Fasiha Fathurrohman, Muhammad Said Fauzi, R. Mohammad Qudsi Firdan Thoriq Faza Fitria Idham Chalid Fuad Hasyim Habibi, Zamzam Hadi, Nizar Hosfaikoni Hafizhah, Nur Zakiya Hariyanto Hariyanto Hasna Fauziana hasna fauziana Hasyim, Fuad Hesti Eka Setianingsih Hidayati, Niswatin Nurul Hikmah, Lailatul Ibnu Affan Ichsan Hamidi Inayah Rahman Indirwan, Syanisma Khansa Isro’i, Moch Imron Ivana Rosediana Dewi Jazilinni’am, Naili Joko Hadi Purnomo Juminten, Rekno Kamalia Sani Kamaluddin Kamaluddin Kanasibah, Auvi Diyanati Kasanah, Roisatun Kefeli, Zurina Kholison, Rohmatul Farokhah La Himmah il Princess Choris La Himmah il Princess Choris Lailatul Qamariyah Lailatul Qamariyah Lu'liyatul Mutmainah Mahsa Pasca Genbi Muhammad Mamduh, Muhammad Faizul Mardianita W.P, Olga Marwah Eugenia Cascarella Meri Indri Hapsari, Meri Indri Moh. Nurul Qomar Muh. Khairul Fatihin Muhamad Nafik Hadi Ryandono Muhammad Alan Nur Muttaqin, Ibnu Nadira Rahmandani Nanda Lismatiara Zubaid Nikmatul Atiya Nisful Laila Niswatin Nurul Hidayati Noven Suprayogi, Noven Nurul Fauziah Nurul Fauziah Oktari, Marina Olga Mardianita W.P Perdana, Yuda Mahesa Pertiwi, Tanza Dona Puji Sucia Sukmaningrum Purnomo, Joko Hadi Putra, Bintang Fajar Muskan Putri Rizka Citaningati Ramly, Arroyyan Rheza Hermawan Ririn Tri Ratnasari Robbani, Ridho Robi'atul Adawiyah Roemanasari, Febrita Rokhmah, Fatma Nur Sabela, Jenny Samsul Arifin Setianingsih, Hesti Eka Shafana Putri Sambas Sholikah, Nia Mariatus Siska Arie Novita Sjam, Dewi Sjam, Dewi Sri Herianingrum Sri Herianingrum Sri Herianingrum Sukran Sukran Sukran, Sukran Suprayitno, Aryadimas Susanto, Arva Athallah Tiara Trenawulan Barkah Tika Widiastuti Ulandari Ulandari Ulfia Nur Afifa Vita Fatimatuzzahra Wedari, Dinda Tamara Widayanti, Mega Ayu Widyan Apriliska Fajri Yan Putra Timur Yuliane, Wempie