Qoonitah, Maryam (2025) THE INFLUENCE OF FINANCIAL LITERACY, INCOME, AND TECHNOLOGICAL ADVANCES ON ZILLENNIAL GENERATION INVESTMENT DECISION IN THE SHARIAH CAPITAL MARKET. S1 Undergraduate thesis, Universitas Darussalam Gontor.

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Abstract

This study aims to analyze the influence of financial literacy, income, and technological advances on the Zillennial generation's investment decisions in the Islamic capital market. The Zillennial generation was chosen due to their unique characteristics of growing up in the digital era with a preference for value-based investments and sustainability. The Islamic capital market is the focus of the research because it offers investment alternatives that comply with Islamic financial principles, such as the prohibition of riba, gharar, and maysir, while providing more ethical diversification opportunities. This study uses the Partial Least SquaresStructural Equation Modeling (PLS-SEM) method to analyze data obtained from 400 respondents in Indonesia. The results show that financial literacy and technological advancement have a significant influence on investment decisions, while income exerts a more moderate influence. Financial literacy proves to be a key element in investment decision-making, as it enables investors to deeply understand the risks and returns within the Shariah framework. Technological advancements play an important role as a catalyst to enhance financial inclusion in the Islamic capital market, particularly through strengthening information accessibility, transparency, and the use of sharia-based digital investment platforms. In addition, the development of sharia-based applications is a practical solution to attract more young investors. The practical implications of this research include the development of technology-based financial education strategies, the improvement of Islamic financial literacy among the younger generation, and the provision of a more inclusive and user-friendly Islamic investment platform. This study also makes an academic contribution by integrating theories of financial literacy, income, technological advancement, and decision-making theory into the context of Islamic capital markets. Thus, this research is not only relevant for academics, but also provides benefits for practitioners, investors, and policy makers in supporting the development of Islamic value-based capital markets in Indonesia.

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