The Relationship Between Risk Perception, Return Perception, and Investment Interest in Sharia Mutual Funds among Generation Z in Medan City

This study examines associations of risk and return perceptions with investment interest in sharia mutual funds among Generation Z in Medan City. A purposive survey of 100 respondents was analysed using multiple regression in SPSS. Both perceptions were positively and significantly associated with investment interest individually (risk: t = 2.647, p = .009; return: t = 11.163, p < .001); the joint model was significant. Return perception had the larger standardized coefficient. The model accounted for 56.8% of in-sample variation (R² = .568; adjusted R² = .559). Observational self-reports and nonprobability sampling limit generalization and causal interpretation.