<![CDATA[The development of the Islamic capital market in Indonesia has experienced significant growth in line with increasing public awareness of Sharia-based investment, including in Palembang, which has shown a year-on-year increase in the number of Sharia stock investors. However, the increase in the number of investors has not been fully accompanied by optimal investment decision-making. This study was conducted to examine the effects of Islamic financial literacy, Islamic financial inclusion, and risk perception on investment decisions in the Islamic capital market among Sharia stock investors in Palembang. The objective of this study is to analyze the effects of each independent variable and their simultaneous effect on the investment decisions of Sharia stock investors. This study employs a quantitative method using primary data collected through questionnaires administered to 395 respondents determined using the Slovin formula with a 5% margin of error. The data were analyzed using multiple linear regression with the assistance of IBM SPSS Statistics 26. The results show that Islamic financial literacy, Islamic financial inclusion, and risk perception have positive and significant effects on investment decisions, both partially and simultaneously. This study is expected to serve as a consideration for investors in improving their understanding of Sharia-based investments before making investment decisions, as well as provide input for financial institutions and regulators in improving Islamic financial literacy and inclusion among the public. Future researchers are encouraged to incorporate other variables that may influence investment decisions and expand the geographical scope of the study to obtain more comprehensive results.]]>
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