Sharia Financial Literacy and Vigilance Against Fraudulent Investments: Determining Factors in Investment Decisions for Students at Muhammadiyah Islamic Boarding Schools

Wilson Candra Teguh Pratama (Fakultas Sains dan Humaniora, Universitas Muhammadiah Gombong, Indonesia)
Aditya Maulana Rizqi (Fakultas Sains dan Humaniora, Universitas Muhammadiah Gombong, indonesia)
Fikri Nur Fadlillah (Fakultas Sains dan Humaniora, Universitas Muhammadiah Gombong, Indonesia)

JURNAL ECONOMINA
Vol. 5 No. 6 (2026): JURNAL ECONOMINA, Juni 2026

Rapidly digitalization transaction finance bring challenge new for community Islamic boarding schools, especially related the rise practice investment bogus targeting Generation Z. Research This aim For test influence literacy Islamic finance and vigilance to investment bulging to decision investment students at the Islamic boarding school Muhammadiyah Gombong Islamic Boarding School. With use approach quantitative, data collected through method purposive sampling from 120 respondents students minimum age of 17 years. Data analysis was carried out with approach Structural Equation Modeling -Partial Least Squares (SEM-PLS) via device soft SmartPLS 4.0. Findings empirical confirm that literacy Islamic finance has an impact positive and significant to decision. Likewise, alertness to investment bulging proven influential positive and significant to decision investment.