: 10.56472/25835238/IRJEMS-V5I5P104
Pandji P. Djajanegara, Haris Maupa, Hadi Cahyadi, Cokki. "A Conceptual Framework of Gen Z Investment Adoption in Islamic Mobile Banking: A Literature Review" International Research Journal of Economics and Management Studies, Vol. 5, No. 5, pp. 33-42, 2026. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V5I5P104
This study aims to develop a comprehensive conceptual framework explaining Generation Z’s investment adoption in Islamic mobile banking by integrating fragmented perspectives across technology adoption, behavioral theory, and Islamic finance. Employing an integrative literature review approach, this study synthesizes evidence from 22 peer-reviewed articles indexed in Scopus and Web of Science. A concept-centric analysis was applied to identify key determinants, examine their interactions, and construct a unified theoretical framework. The findings reveal that investment adoption is shaped by three primary categories of determinants: technological factors (e.g., perceived usefulness and perceived ease of use), behavioral factors (e.g., attitude, subjective norms, and trust), and Sharia-based factors (e.g., religiosity and perceived Sharia compliance). Among these, trust plays a central mediating role, while religiosity introduces a value-driven dimension that can override purely functional considerations. The results further demonstrate that these determinants interact dynamically rather than independently, with behavioral mechanisms mediating technological perceptions and Sharia principles regulating final adoption decisions. A critical insight emerging from this study is the tension between digital convenience and religious compliance, particularly relevant for Generation Z as digital natives. The study contributes theoretically by proposing an integrative conceptual framework that advances beyond single-theory models and provides a holistic explanation of Islamic digital investment behavior. Practically, it offers insights for Islamic banks and fintech providers in designing user-centered and Sharia-compliant mobile investment services tailored to Generation Z. The findings are particularly applicable in Muslim-majority contexts such as Indonesia, where digital finance and religious values intersect.
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Generation Z, Islamic Mobile Banking, Investment Adoption, Technology Acceptance Model, Theory of Planned Behavior, Sharia Compliance, Religiosity, FinTech Adoption, Conceptual Framework.