Research Article
The Effect of Financial Literacy, Risk Tolerance, and Qanun Number 11 of Islamic Financial Institution on Interest Investment in Banda Aceh Sharia Capital Market
@INPROCEEDINGS{10.4108/eai.31-3-2022.2321010, author={Ajeng Syarani and Elan Nurhadi Purwanto}, title={The Effect of Financial Literacy, Risk Tolerance, and Qanun Number 11 of Islamic Financial Institution on Interest Investment in Banda Aceh Sharia Capital Market}, proceedings={Proceedings of the 1st International Conference on Contemporary Risk Studies, ICONIC-RS 2022, 31 March-1 April 2022, South Jakarta, DKI Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICONIC-RS}, year={2022}, month={8}, keywords={financial literacy risk tolerance qanun number 11 invesment interest aceh}, doi={10.4108/eai.31-3-2022.2321010} }- Ajeng Syarani
Elan Nurhadi Purwanto
Year: 2022
The Effect of Financial Literacy, Risk Tolerance, and Qanun Number 11 of Islamic Financial Institution on Interest Investment in Banda Aceh Sharia Capital Market
ICONIC-RS
EAI
DOI: 10.4108/eai.31-3-2022.2321010
Abstract
Aceh Province is the largest muslim population in Indonesia. However the development of sharia capital market stock is not satisfied. The number of investors in Aceh at 2019 reached 3,125 (0.06%) investors and was ranked 20th in Indonesia. In 2018, the goverment of Aceh Province implemented Qanun Number 11 that consist of regulation Islamic Financial Institutions. The study show that is the effect of financial literacy, risk tolerance, and the qanun number 11 on the invesment interest of Banda Aceh people in sharia capital market. Sample is detemineted by purposeive sampling methode. The number of sampling are 397 respondens. The results found there are positive and significant effect of financial literacy, risk tolerance, and the qanun number 11 on the invesment interest. The simultaneous relationship show significant effect on invesment interest. The model explained by 62.8% variation on the invesment interest of Banda Aceh people in sharia capital market. This study show that financial literacy, risk tolerance, and qanun is important factor in determining the interest invesment.