@phdthesis{digilib61347, month = {August}, title = {DETERMINAN PERILAKU INVESTOR HYBRID DALAM MEMILIH SAHAM DI PASAR MODAL SYARIAH DENGAN MAQASID SYARIAH SEBAGAI MODERASI}, school = {UIN SUNAN KALIJAGA YOGYAKARTA}, author = {NIM.: 18300016010 Jalari}, year = {2023}, note = {Promotor: Prof. Dr. H. Syamsul Anwar, M.A. dan Prof. Dr. Misnen Ardiansyah, S.E., M.Si., AK.,CA., ACPA}, keywords = {Persepsi Risiko, Perilaku Hybrid, Maqa{\d s}id Syariah, Pilihan Saham Syariah}, url = {https://digilib.uin-suka.ac.id/id/eprint/61347/}, abstract = {Hybrid investor behavior and Islamic maqa{\d s}id are the focal point of this research. Understanding maqa{\d s}id sharia is the right solution to answer negative public perceptions about investment in the sharia capital market. Fatwas based on sharia maqa{\d s}id are the right alternative to answer the problems of sharia investment. The hybrid investor behavior comprises two variables, perceived risk and behavioral hybrid, which lead to different results. On this basis, this study aims to find new theories about the behavior of hybrid investors towards stock options with Islamic maqa{\d s}id as a moderating variable as a way to strengthen scientific thinking so as to conceptually and contextually identify, evaluate, and execute the existing problems in choosing sharia stocks using both fundamental analysis and technical analysis. This is explanatory research with a non-experimental research design. It aims to explain the causal relationship between the dependent variable (Y), namely the choice of Islamic stocks with Islamic maqa{\d s}id as moderation. This study used a quantitative method and the data were collected through questionnaires distributed to hybrid investors in Surakarta and the surrounding areas, namely Surakarta, Boyolali, Klaten, Sukoharjo, Wonogiri, Karanganyar, and Sragen. It involved 130 investors as the research participants. The data were analyzed with SEM (Structural Equation Modeling) method using IBM AMOS version 23 to obtain a model that explains the relationship between variables on sharia stock options. The theoretical reflection revealed that the perception of risk has a negative and significant effect on the choice of Islamic stocks. Hybrid behavior has a positive and significant effect on the choice of Islamic stocks. Maqa{\d s}id sharia moderates the effect of risk perception on sharia stock options. Maqa{\d s}id sharia does not moderate the effect of hybrid behavior on the choice of sharia stocks. The higher the maqa{\d s}id the stronger the behavior of hybrid investors in choosing Islamic stocks. These findings strengthen the foundation of the Islamic economy by way of strengthening governance in Islamic investment institutions. Establishment of strong and independent sharia institution to serve as a reference for sharia compliance requires a synergy between the role of OJK, financial acquisition, and Bank Indonesia. Human resources that support the Islamic finance industry are strengthened through researches related to Islamic finance. Another finding is that the practice of buying and selling sharia shares is in accordance with good standards according to the Quran, Hadith, ijma of fiqh scholars and the applicable laws in Indonesia.} }