Research Article
Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge
@INPROCEEDINGS{10.4108/eai.1-10-2019.2291738, author={R D A Parmitasari and L Bulutoding and Z Alwi}, title={Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge}, proceedings={Proceedings of the 19th Annual International Conference on Islamic Studies, AICIS 2019, 1-4 October 2019, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={AICIS}, year={2020}, month={2}, keywords={religiosity financial knowledge investor behaviors and financial satisfaction}, doi={10.4108/eai.1-10-2019.2291738} }- R D A Parmitasari
L Bulutoding
Z Alwi
Year: 2020
Financial Satisfaction of Islamic Investing: The Role of Religiosity and Financial Knowledge
AICIS
EAI
DOI: 10.4108/eai.1-10-2019.2291738
Abstract
Islamic investment has arisen as an excellent choice for investors to invest in following their beliefs. Religiosity and financial knowledge as part of personal factors were claimed to stimulus investors in investment decision-making. Ultimately, Islamic investing contributes to the achievement of financial satisfaction. This rare topic is compelling to be discussed in relation to capital market behavior and financial satisfaction. The paper aimed to explore the role of religiosity and financial knowledge of Islamic investing and its impact on financial satisfaction. Data was collected from the questionnaire and analyzed quantitatively. The sample was 227 respondents and structural equation modeling was used to explore the relationship of each variable in this paper. The result showed that religiosity and financial knowledge played a role in Islamic investing. In terms of financial satisfaction, financial knowledge directly influenced financial satisfaction while religiosity did not. However, both religiosity and financial knowledge affected financial satisfaction through Islamic investing. The result implicitly stated that Islamic investing was a good mediator for religiosity and financial knowledge in achieving financial satisfaction.