ENHANCING ISLAMIC CAPITAL MARKET LITERACY AMONG GEN Z SANTRI IN SURAKARTA THROUGH INVESTMENT EDUCATION

Abstrak

This study aims to enhance the literacy and understanding of santri (Islamic boarding school students) regarding the Islamic capital market as part of a broader effort to strengthen Islamic financial inclusion among the younger generation. The research was conducted at Pondok Pesantren Takmirul Islam in Surakarta, involving final-year female students at the senior high school equivalent level, categorized as Generation Z. The study employed a quantitative descriptive approach with a pre-test and post-test design to measure changes in literacy levels before and after the educational intervention. The findings revealed a significant improvement in the participants’ comprehension of Sharia investment concepts, capital market instruments, and Islamic financial principles following the educational program. The results demonstrate that structured investment education can effectively raise awareness, reshape financial attitudes, and motivate santri to engage in ethical and Sharia-compliant investment behavior. Furthermore, this research highlights the importance of early financial education within Islamic institutions to cultivate a generation of Muslim investors who are not only financially literate but also trustworthy (amanah) and ethical in their financial practices. The study contributes to the growing body of literature on Islamic financial literacy among youth, providing empirical evidence of the effectiveness of investment education in religious educational settings. The findings also hold practical implications for policymakers, educators, and Islamic financial institutions in designing targeted literacy programs to promote sustainable Islamic financial inclusion in Indonesia. The novelty of this study lies in its focus on Generation Z santri as a unique demographic segment with the potential to become future drivers of ethical investment and Sharia-based economic growth.