Makassar — A new study reveals that lecturers’ interest in investing in the sharia capital market is driven more by knowledge than by technological advancement alone. The research was conducted by Muhammad Nasri Katman from UIN Alauddin Makassar, alongside Amiruddin and Darmawati from Hasanuddin University, Muhammad Nur from Muhammadiyah University of Parepare, and Muhammad Yusran and Muslihati from UIN Alauddin Makassar. Published in 2026, the study highlights how education strengthens investment decision-making in Islamic financial markets.
The research comes amid rapid growth in Indonesia’s sharia capital market. In recent years, sharia-based stocks, sukuk, and Islamic mutual funds have gained significant traction, with investor participation continuing to rise. Yet, the role of academics in this growing ecosystem remains underexplored.
Lecturers are considered highly strategic actors in society. With strong academic backgrounds and social influence, they can become key drivers of financial literacy in their communities. However, the study found that academic qualifications alone do not automatically lead to investment participation without specific financial knowledge.
The research involved 89 lecturers at UIN Alauddin Makassar who had previous experience investing in sharia products. Using a structured questionnaire and quantitative analysis through SmartPLS, the researchers examined four variables: investment knowledge, technological advancement, investment interest, and education as a moderating factor.
The findings show that investment knowledge has a positive and significant effect on sharia investment interest. Lecturers who better understand Islamic stocks, sukuk, and halal mutual funds are more likely to invest.
In contrast, technological advancement alone does not significantly influence investment interest. Although digital investment platforms are increasingly accessible, convenience itself is not enough to motivate actual financial participation.
Education emerged as the strongest contextual factor. When knowledge is supported by structured educational programs such as seminars, workshops, and financial literacy training, investment interest rises significantly. The moderation effect of education on knowledge and investment interest recorded a t-statistic of 2.847 and a p-value of 0.004.
Interestingly, education also reshapes how technology influences investment behavior. Better-educated lecturers tend to use digital investment platforms more selectively, focusing on sharia compliance, security, and long-term value rather than simply following digital trends.
Overall, the study explains 86.7% of the variation in lecturers’ investment interest, indicating a very strong model in financial behavior research. This means that knowledge, technology, and education together play a critical role in shaping investment decisions.
The researchers argue that these findings should encourage universities, financial regulators, and sharia investment platforms to strengthen educational initiatives. Universities can integrate sharia investment literacy into faculty development programs, while digital platforms can improve user engagement by embedding educational content.
The study reinforces one important message: in the digital age, technology may open doors, but knowledge and education are what move people to act.
0 Komentar