Sharia stock investment interest among university students remains relatively low despite the rapid development of Indonesia’s Islamic capital market. This study aims to examine the effects of Islamic financial literacy and risk perception on the investment interest of Islamic Economics students in sharia stocks in Surabaya. The study employed a quantitative approach using purposive sampling involving 120 respondents. Data were collected through questionnaires using a Likert scale and analyzed using SPSS through appropriate statistical procedures. The findings indicate that both Islamic financial literacy and risk perception have a positive and significant effect on students’ interest in investing in sharia stocks. Islamic financial literacy demonstrates a relatively stronger influence than risk perception, indicating that students’ knowledge and understanding of Islamic financial principles play an important role in shaping investment decisions. This study contributes empirically to the literature on Islamic investment behavior by highlighting the importance of strengthening Islamic financial literacy alongside risk awareness. The findings also provide practical implications for universities, financial institutions, and policymakers in developing educational programs that encourage informed and responsible sharia stock investment among students
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