Investor Behavior In Islamic Capital Markets: Study On Muslim Students

ABSTRACTThe purpose of this research is to know the behavior of investors towards Islamic capital market. The research was conducted on several Muslim student respondents from several universities in Yogyakarta who invested in sharia capital markets. The type of data in this study is primary data obtained through in-depth interviews. The results showed that there are two investor characters among students namely risk seeker or risk taker and risk-averse. Respondents realized that investing in the capital market has potential benefits as well as potential risks. For investors, risk seeker has high confidence and optimism when making investment decisions, while risk-averse tends to be cautious and a lot of consideration when making investment decisions. In general, sharia capital market investors who are the majority of students have a good belief in the wisdom of stocks traded in sharia capital markets. They believe in the fatwa of scholars, the role of the DSN, and the role of capital market supervisory bodies. They are mostly also looking for information about sharia capital market sharia through books, capital market socialization, IDX web. In terms of transaction mechanisms in the sharia capital market only a small part still doubts its validity due to issue factors, lack of understanding of islamic capital market the correctness factor of the company's financial performance, and the ups and downs of the share price.Keywords: investor behavior, investment decisions, sharia capital market ABSTRAK Tujuan penelitian ini adalah untuk mengetahui perilaku investor terhadap pasar modal syariah. Penelitian dilakukan terhadap sejumlah responden mahasiswa muslim dari beberapa perguruan tinggi di Yogyakarta yang melakukan investasi di pasar modal syariah. Jenis data dalam penelitian ini adalah data primer yang diperoleh melalui wawancara Hasil penelitian menunjukkan bahwa terdapat dua karakter investor di kalangan mahasiswa yakni risk seeker atau risk taker dan risk averse. Responden menyadari bahwa investasi di pasar modal memiliki potensi untung dan juga potensi resiko. Bagi investor risk seeker memiliki rasa percaya diri yang tinggi dan optimis ketika mengambil keputusan investasi, sedangkan risk averse cenderung berhati-hati dan banyak pertimbangan ketika mengambil keputusan investasi. Secara umum investor pasar modal syariah yang merupakan mahasiswa mayoritas memiliki keyakinan yang baik mengenai kesyariahan saham-saham yang diperdagangkan di pasar modal syariah. Mereka percaya terhadap fatwa ulama, peranan DSN dan peranan badan pengawas pasar modal. Mereka sebagian besar juga mencari informasi tentang kesyariahan pasar modal syariah melalui buku, sosialisasi pasar modal, web IDX. Pada aspek mekanisme transaski pada pasar modal syariah hanya sebagian kecil yang masih meragukan kesyariahannya, karena faktor isu dan kurangnya pemahaman, faktor adanya unsur ketidakpastian naik turunnya harga saham.Kata kunci : perilaku investor, keputusan investasi, pasar modal syariah

ACCOMMODATION NEEDS AND PREFERENCES AMONG INTERNATIONAL MUSLIM STUDENT TRAVELERS

The Muslim tourist segment is regarded as one of the demanding segments in the tourism industry at the current state. It is understood that Muslim travelers prefer to select tourist destinations that bear Islamic elements thus allowing for activities to be done based on religious norms. This would include facilities for prayers, having Halal food and beverages, are liquor-free, and abide by Islamic dress codes; among others. These elements undoubtedly will provide an enriching experience during their travels. Therefore, the aim of this paper is to investigate Muslim travelers’ perception regarding accommodation experiences that Muslim travelers encounter during their stay to realign with Muslim traveller’s needs and preferences. As this study is exploratory in nature, a qualitative research design is applied and 14 international Muslim informants who have travelled internationally were interviewed during the data collection process. The findings revealed that Muslim travelers seek accommodation that offers special necessities for Muslim travelers, located in a suitable location, and chooses the accommodation that offers a favourable service experience. This study has supported previous literature on enhancing Muslim customers’ experience in terms of accommodation provision worldwide. Furthermore, the findings aid in enhancing the needs and preferences of Muslim travelers during traveling hence supporting the growth of Halal tourism. It is seen that tourist destinations and facilities that can provide the faith-based needs required by Muslim tourists will exceed in the creation of a memorable and meaningful tourist experience.

Muslim undergraduate biology students’ evolution acceptance in the United States

Evolution is a prominent component of biology education and remains controversial among college biology students in the United States who are mostly Christian, but science education researchers have not explored the attitudes of Muslim biology students in the United States. To explore perceptions of evolution among Muslim students in the United States, we surveyed 7,909 college students in 52 biology classes in 13 states about their acceptance of evolution, interest in evolution, and understanding of evolution. Muslim students in our sample, on average, did not agree with items that measured acceptance of macroevolution and human evolution. Further, on average, Muslim students agreed, but did not strongly agree with items measuring microevolution acceptance. Controlling for gender, major, race/ethnicity, and international status, we found that the evolution acceptance and interest levels of Muslim students were slightly higher than Protestant students and students who are members of the Church of Jesus Christ of Latter-day Saints. However, Muslim student evolution acceptance levels were significantly lower than Catholic, Jewish, Buddhist, and Hindu students as well as students who did not identify with a religion (agnostic and atheists). Muslim student understanding of evolution was similar to students from other affiliations, but was lower than agnostic and atheist students. We also examined which variables are associated with Muslim student acceptance of evolution and found that higher understanding of evolution and lower religiosity are positive predictors of evolution acceptance among Muslim students, which is similar to the broader population of biology students. These data are the first to document that Muslim students have lower acceptance of evolution compared to students from other affiliations in undergraduate biology classrooms in the United States.

Building the Thought Character of Muslim Students through the Guidance of Surah Al-Fatihah

Muslim students are words that combine two identities, namely the seeker of knowledge and submission to Allah S.W.T. If these two elements are combined, then a Muslim student has no way for him except to make the Quran as a source of guidance. Surah al-Fatihah is a solution that can be the qibla of the formation of a Muslim student because without the application of this surah the knowledge required can be less blessed, worship will be lame, the formation of identity will not be balanced, communication between servants and creators will face deadlock. What is certain is that surah al-Fatihah is the determinant of the acceptance of prayer, the medium of communication between human beings and creators, all of which have a profound effect on the process of character formation of a student’s life. Surah al-Fatihah is placed at the earliest in the order of mushaf al-Quran as a guide in doing, thinking, acting and behaving in living life, especially in seeking knowledge. Surah al-Fatihah as part of the Quran is certainly not left behind in paying attention to the development of the character of a student’s thinking. This is reflected in the declaration of the reciter to be with Allah S.W.T, not asking except to the Almighty, not doing except under the presence of meetings with the ruler of the Day of Judgment, his days are filled with worship and prayer, always alert to the wrath of Allah S.W.T and the danger of misguided thoughts and understandings that are not in line with the Quran. This paper can to some extent give a new formula in our thoughts and actions through the study of surah al-Fatihah starting from the concept of maiatullah, seeking sustenance, doomsday, worship, and prayer.

Religiosity and emotional intelligence on Muslim student learning achievement

<span lang="EN-US">Learning achievement was one of the indicators often used to measure student success in learning. A comprehensive understanding of this topic requires contributions from a variety of disciplines. Recently, researchers are interested in examining the impact of religiosity and emotional intelligence on learning achievement. However, the study on this topic is inconclusive. This study aimed to examine the influence of religiosity and emotional intelligence on learning achievement by learning motivation as a mediating variable. This research was conducted with a quantitative approach. The data was collected through a questionnaire distributed to 122 students of the Management study program, Faculty of Business and Economics, Islamic University of Indonesia. The data was processed using SPSS analysis tools with hierarchical regression analysis techniques. The results demonstrated religiosity and emotional intelligence had a positive impact on learning motivation; learning motivation positively impacted learning achievement. Furthermore, learning motivation mediated the correlation between religiosity and emotional intelligence on learning achievement. The results offer practical implications for campus leaders; Campus leaders should instill religiosity and emotional intelligence in Muslim students to improve their learning achievement.</span><p> </p>

The Husbands’ Support: The Experiences of off-Campus Married Muslim Student Mothers in Private and Religious Institutions of Higher Learning in Uganda—A Case of Islamic University in Uganda (IUIU)

While IUIU policies allow students to officially get married the same institution does not allow babies in halls of residence yet it has not put in place the necessary facilities and arrangements on campus to enable them juggle their multiple roles as Married Muslim Student Mothers (MMSM) in completing their academic undertakings. This poses a challenge due to constrained finances that make it difficult due to inability to pay maid thus causing frustrations which later affects their academic performance. The research adopted a Feminism theory and other supporting theories to explore the experiences of married Muslim student mothers, husbands support, institutional policies, challenges and coping strategies. The study was allocated within a qualitative research paradigm and involved semi-structured interviews with a purposive sample of 30 undergraduate university married Muslim student mothers. Key findings were that the married Muslim student mothers’ experiences were child care and excess workload: husbands’ support included emotional and financial support: institutional support comprised of lack of child care support, support from lectures, family and friends: challenges involved time management, lack of support from lecturers, transport costs, excess workload, fixed timetables and lack of social and financial support: coping strategies included time management skills, faith and Allah, assistance with child care, creating extra time and advise. These findings have implications for policy in terms of empowerment, support to enable them to amalgamate competing roles of student mothers. MMSM operate in a family system which influences their decisions hence failure to make independent decisions but rather seek approval from their husbands. If MMSM are to succeed with their endeavors of completing their education while married they should submit to their husband in order to receive emotional and financial support to fulfill their academic dreams and a better future.

THE DISCREPANCY OF SOCIAL IDENTITY WITH ARABIC COMPETENCE AND THE STUDENTS’ RELIGIOUS ATTITUDE

The organization of Indonesian Muslim Student Action Union (KAMMI) of UIN Mataram is one of the student organizations that often use some Arabic vocabularies in its communication. The research would see the existence of Arabic language in this organization including competence, transformation of social identity and the relationship of the religious attitude of its members. The study used the social identity theory and the models of religious attitudes. The result showed that the Arabic competence of KAMMI members was not very high. The Arabic language frequently used by KAMMI members becomes their social identity even though it is only at a limited level of communication. Their religious attitude was categorized as an exclusive category with accompanying attributes such as code switching of Arabic language in daily dialogue, wearing labelled syar‘i clothes and make themselves feel to be more Islamic with these attributes.

FORM ONE STUDENT ACHIEVEMENT IN FARD PRAYER TEST IN MEMBAKUT DISTRICT, SABAH

Fard (obligatory) prayer is one of the topics of Ibadah (worship) in the subject of Islamic Education for Form one students in secondary schools. This topic is quintessential to establish the accomplishment of the fard prayers of students either from the theoretical or practical aspects. Therefore, this study was conducted to identify the achievement of students in the fard prayer test in Membakut district, Sabah. This research was a quantitative descriptive study using the Fard Prayer Mastery Test instrument on 100 Form one Muslim student. Data analysis was done according to the grade of Islamic Education subjects in the Form Three Assessment examination (PT3). The conclusions indicated that 0% of students got grade A, 3% of students got grade B, 14% of students got grade C, 18% of students got grade D, 31% of students got grade D and 34% got grade F. The findings of this study confirmed that secondary school Islamic Education teachers in Membakut District must plan learning and facilitation (PdPc) of fard prayers employing various approaches, learning theories, methods, and teaching aids (BBM) effectively to optimise student achievement.