Factor Influencing Intention on Investment in Shariah Compliance Gold Savings among Undergraduate Students in Umk Pengkalan Chepa

Abstract

In this era of globalisation, people intend to invest in Shariah compliance gold savings more than financial investment. This is due to the fact that the value of the currency will drop and reduce regardless of time, meanwhile, the value of gold savings will increase over time. The main objective of this study is to determine the relationship between perceived usefulness, perceived ease of use, knowledge, and financial condition with the intention on investment in Shariah compliance gold savings among undergraduate students in UMK Pengkalan Chepa. It is also to identify the factors influencing the investment in Shariah compliance gold savings among undergraduate students in UMK Pengkalan Chepa. A total of 361 respondents were collected. Reliability and Validity Tests, Descriptive Analysis, Pearson Correlation Analysis, Multiple Linear Regression Analysis, and Data Analysis were carried out by using SPSS tools. The result shows that there is a significant correlation between perceived usefulness, perceived ease of use, and knowledge with the investment in Shariah compliance gold savings. Meanwhile, the financial condition does not have a significant correlation with the investment in Shariah compliance gold savings. In a nutshell, the findings of this study proved that perceived usefulness, perceived ease of use, and knowledge are a factor influencing intention on investment in Shariah compliance gold savings among undergraduate students in UMK Pengkalan Chepa, while the financial condition is not influencing the dependent variable. This research has implications for individuals, businesses, and financial institutions. The students and the community can save more gold for future use by investing in Shariah compliance gold savings rather than wasting it on useless things or investments that do not comply with Shariah.