Al-Sharf: Jurnal Ekonomi Islam
Vol 7, No 2 (2026): Publication in progress

Determinants of Generation Z’s Investment Intentions in Green Sukuk as Sustainable Investments

Amirul Althony Nazuha (Universitas Negeri Malang)
Farida Rahmawati Rahmawati (Universitas Negeri Malang)



Article Info

Publish Date
20 Jun 2026

Abstract

This study examines the factors influencing Generation Z’s intention to invest in green sukuk by extending the pro-environmental planned behavior model with financial literacy and risk behavior variables. Using a quantitative approach and SEM-PLS analysis on 383 Generation Z respondents, the findings reveal that environmental concern and perceived authority support significantly influence attitude, subjective norm, and perceived behavioral control. Furthermore, attitude, subjective norm, perceived behavioral control, and financial literacy positively affect investment intention, while risk behavior has no significant effect. The study highlights the importance of financial literacy, institutional support, and investment accessibility in promoting sustainable investment participation among Generation Z. 

Copyrights © 2026






Journal Info

Abbrev

Mudharib

Publisher

Subject

Economics, Econometrics & Finance

Description

Al-Sharf: Journal of Islamic Economics published by the Rahmat Islamiyah Foundation, Medan, Indonesia. In this journal the articles contain articles about the fields of Islamic scientific research and Islamic education. Al-Sharf: Journal of Islamic Economics received manuscripts in the field of ...