International Journal of Islamic Business & Management最新文献

AI-DRIVEN CAPITAL ASSET PRICING MODEL FOR ENHANCING SHARIAH-COMPLIANT INVESTMENT DECISIONS – A CHINESE STOCK MARKET ANALYSIS 人工智能驱动的资本资产定价模型:提高符合伊斯兰教法的投资决策——中国股市分析

International Journal of Islamic Business & Management Pub Date : 2023-10-18 DOI: 10.46281/ijibm.v7i1.2100

{"title":"AI-DRIVEN CAPITAL ASSET PRICING MODEL FOR ENHANCING SHARIAH-COMPLIANT INVESTMENT DECISIONS – A CHINESE STOCK MARKET ANALYSIS","authors":"","doi":"10.46281/ijibm.v7i1.2100","DOIUrl":"https://doi.org/10.46281/ijibm.v7i1.2100","url":null,"abstract":"The CAPM makes it possible to estimate prices for specific instruments, like stocks, to project investment returns. As a key element of corporate finance and investment banking, the CAPM investigates the relationship between the level of risk associated with the investment and the inherent risks of the market as a whole. Several assumptions must be used to create the AI-driven mathematical model for Islamic financial assets to achieve the model. The first is that the expected values and standard deviations of the asset's returns are the only factors that influence investors' choices. Additionally, since the zakat and purification are deducted from the anticipated returns, there are no transaction fees. The assets may be marketable and are infinitely divisible in addition. Finally, there is no cap on the amount that may be lent or borrowed at the Sukuk profit rate or other Islamic benchmark rates because all expectations are homogenous. We presented a new AI-driven Islamic CAPM for the estimation of returns for Shariah-compliant A-Shares enterprises. The methodology represents a new AI-driven estimation framework integrated into the Islamic CAPM methodology for the estimation of returns and selection. The methodology was evaluated on an Islamic A-share portfolio, with the stocks being listed on both the Shenzhen and Shanghai stock exchanges. The analysis demonstrates the ability of the methodology to provide Shariah-compliant optimal returns for the stocks and ensure Shariah compliance of the portfolio allocations.","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135883963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

DETERMINANTS OF FINANCIAL RESOURCES MOBILISATION OF INTEREST-FREE COOPERATIVE SOCIETIES IN ILORIN, KWARA STATE, NIGERIA 尼日利亚夸拉州伊洛林无息合作社财政资源调动的决定因素

International Journal of Islamic Business & Management Pub Date : 2021-08-05 DOI: 10.46281/ijibm.v5i1.1263

A. Jimoh

{"title":"DETERMINANTS OF FINANCIAL RESOURCES MOBILISATION OF INTEREST-FREE COOPERATIVE SOCIETIES IN ILORIN, KWARA STATE, NIGERIA","authors":"A. Jimoh","doi":"10.46281/ijibm.v5i1.1263","DOIUrl":"https://doi.org/10.46281/ijibm.v5i1.1263","url":null,"abstract":"Interest-free Cooperative society is introduced as a mirror of conventional cooperatives though on the principle of Islamic finance, to mobilise financial resources with the aim of promoting the socio-economic welfare of their members. There is however some restriction to the quantity of savings that could be mobilized. The study therefore assessed the determinants of savings mobilization in interest-free cooperative in Ilorin Kwara State. Data were collected with the use of questionnaire which was administered on 365 members of institution-based interest-free cooperative societies in Ilorin metropolis. Kaiser-Meyer-Olkin (KMO) and Cronbach’s alpha tests were performed to establish the validity and reliability of the research instrument. Logistic regression analysis was conducted and it was found that mode of saving, credit administration, internal governance and member’s awareness have positive effect on volume of savings mobilized and the effects are significant at 5% and 1% level of significance. The study concluded that the mode of savings, credit administration, internal governance, and members awareness affect resources mobilization of Islamic cooperatives in Ilorin metropolis. Direct deduction of savings from salaries, higher level of transparency and accountability, sensitization campaign are recommended for effective and efficient financial resources mobilization in interest-free cooperative societies.","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122126663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

AN APPRAISAL OF THE IMPACT OF ISLAMIC CO-OPERATIVE SOCIETIES ON SOCIO-ECONOMIC DEVELOPMENT IN SOME SELECTED STATES IN NIGERIA 评估尼日利亚一些选定州的伊斯兰合作社对社会经济发展的影响

International Journal of Islamic Business & Management Pub Date : 2021-07-16 DOI: 10.46281/ijibm.v5i1.1215

Aminu Abdulrahim Olayinka, Abdul Fattah Abdul Ganiy, Murtala Sirajo

{"title":"AN APPRAISAL OF THE IMPACT OF ISLAMIC CO-OPERATIVE SOCIETIES ON SOCIO-ECONOMIC DEVELOPMENT IN SOME SELECTED STATES IN NIGERIA","authors":"Aminu Abdulrahim Olayinka, Abdul Fattah Abdul Ganiy, Murtala Sirajo","doi":"10.46281/ijibm.v5i1.1215","DOIUrl":"https://doi.org/10.46281/ijibm.v5i1.1215","url":null,"abstract":"This study assessed the impact of Islamic Co-operatives Societies (ICSs) theoretically, legally and practically on Socio-Economic Development in Nigeria and consider its establishment in our various conventional interest-based economy community, which contradicts the ideals of Islamic principles of finance. The research was carried out within the general framework of Islamic financial principles and precepts. The research work focused on the needs of financing a large and growing Muslims community in line with their Islamic tenets thereby concentrating on the feasibility of adopting suitable ICS’s modus operandi for the Muslim Community. It also studies the current realities of the ICSs being practiced in Nigeria from the perspective of the theories of Islamic financial system. Within this spectrum the operations and functions of registered Islamic cooperative societies in Adamawa Gombe, Kwara, and Zamfara States were reviewed. The study examined the key role of ICSs in an economy in fulfilling the microfinance needs of Muslims community, and find out that ICSs is a viable alternative solution to the conventional cooperative models and also alternative measure with potentiality to alleviate poverty. The study is limited in scope in a sense that it is not a comparative study of Islamic financial system with doctrines of other religions, ideologies and systems. \u0000JEL Classification Codes: D6, F63, R51, Q01, P13.","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126611847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

GLOBAL FINANCIAL CRISIS: AN ISLAMIC MANAGEMENT APPROACH 全球金融危机:伊斯兰管理方法

International Journal of Islamic Business & Management Pub Date : 2021-04-30 DOI: 10.46281/ijibm.v5i1.1100

I. Santoso, Fahruddin Zain Olilingo

{"title":"GLOBAL FINANCIAL CRISIS: AN ISLAMIC MANAGEMENT APPROACH","authors":"I. Santoso, Fahruddin Zain Olilingo","doi":"10.46281/ijibm.v5i1.1100","DOIUrl":"https://doi.org/10.46281/ijibm.v5i1.1100","url":null,"abstract":"The purpose of this study is to determine the solutions to financial crises based on the perspective of Islamic management. It also discusses the roles of faith and Islamic monotheism in managing the global financial crisis. The qualitative method was used to obtain data from books and articles related to Islamic management based on Qur’an and Hadith. These data were further analyzed and used as a solution to problems related to the global financial crisis by Islamic values. The result showed that the values of faith and monotheism following organizational policy and management tend to minimize financial speculative actions and greed. In addition, these values assist managers in planning, organizing, directing, and supervising their subordinates under Islamic rules and regulations. The application of this value is mainly reflected in the aspects of behavior, organizational aspects, and system aspects through the mechanism of placing the sharia supervisory board and profit-sharing in Islamic financial institutions, simplicity, and avoiding is in organizational management as well as the principle of prudence and avoiding speculative action. This research supports the role of the Islamic management system in winning finances and implementing organizational policies to overcome global financial problems. \u0000JELClassification Codes: G01, H12, D46. \u0000 ","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"11 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132887034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Ethic Economics, Fair Economy, New Economy, Sustainability and other Related Disciplines 伦理经济学、公平经济、新经济、可持续发展等相关学科

International Journal of Islamic Business & Management Pub Date : 2019-05-28 DOI: 10.46281/IJIBM.V3I2.278

B. Bidabad

引用次数: 1

Overconsumption in Ethic Economics and Sustainable Development 伦理经济学中的过度消费与可持续发展

International Journal of Islamic Business & Management Pub Date : 2019-05-28 DOI: 10.46281/IJIBM.V3I2.280

B. Bidabad

{"title":"Overconsumption in Ethic Economics and Sustainable Development","authors":"B. Bidabad","doi":"10.46281/IJIBM.V3I2.280","DOIUrl":"https://doi.org/10.46281/IJIBM.V3I2.280","url":null,"abstract":"Squandering or spending more than need, which is a concept in ethic economics, which has been reconsidered under the subject of sustainable development at the present time. It is shown on the whole that the increase of per-capita consumption, the effects on the environment will increase; in other words, the environmental carrying capacity will decrease. At present world conditions, squandering means aggression to others' rights and in addition to be disagreeable, but by compiling rules, it can be regarded in the domain of offense and crime at national and global levels. This is because squanderer endangers the environment and interests of others for her own benefit.As a model to use resources to serve human being needs for present and coming generations, sustainable development is put forward, which coincides with disagreeability of squandering in ethic economics. In spite of considering the sustainability of the environment, this concept takes into account the areas such as economics, socio-politics, and variety of cultural and life realms regarding intellectualism, sentiments, ethical and spiritual subjects. Regarding the chain of production, it also points to squandering as a topic in industrial ecology. Industrial ecology recommends converting industrial production processes from linear to circular systems in which, scraps and wastes are recycled as factors of other productions. Clean technology and its related regulations and cleaner production are also related to squandering concept in production. \u0000DOI: https://doi.org/10.5281/zenodo.3402347 \u0000 ","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128917889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Equilibrium in Ethic Economics 伦理经济学中的均衡

International Journal of Islamic Business & Management Pub Date : 2019-05-28 DOI: 10.46281/IJIBM.V3I2.277

B. Bidabad

{"title":"Equilibrium in Ethic Economics","authors":"B. Bidabad","doi":"10.46281/IJIBM.V3I2.277","DOIUrl":"https://doi.org/10.46281/IJIBM.V3I2.277","url":null,"abstract":"We will study the concept of equilibrium in conventional and ethic economics in this paper. By a general review of the subject of equilibrium from basic sciences' point of view, we will study the meaning of equilibrium at different levels of micro, macro, and international economics; and by considering the lust and anger powers of human being, the concept of optimizing human behavior in Neoclassical theory will be studied. The hypothesis of “rational behavior” and philosophical and the root of thoughts and human behavior modeling in neoclassical economics will be analyzed from pleasure or utilitarianism-based point of view. By putting forward the concept of “perfection” as materializing innate power of creatures, we introduce the concept of ethic science so that we will review the correctness and goodness of actions and qualities of the human being in the process of optimizing economic behavior. Level of equilibrium in the powers as prescribed by ethic science with the meaning of preventing overindulgence and under-indulgence will be discussed. The meaning of equilibrium in ethic economics is a global optimum and in the form of utility point of view, has a broader domain of qualities and intellectualities and human being spirituals always at least is in a position that is better than Neoclassical optimized behavior (which is a local optimum).Some qualities related to economic behavior and overindulgence and under-indulgence and their equilibrium have also been considered. Equilibrium in ethic economics means using resources and locating everything in its right position and in the direction of obtaining human being perfection. Putting things in their right position is the optimal use of them from a mathematical point of view, and perfection is defined as reaching the ultimate innate of every creature. This means that in order to maximize the utility, resources should be used in a manner that in addition to ensuring human being material needs, assure the necessary background for maximizing mental and spiritual growth and elevation of him. \u0000 DOI: https://doi.org/10.5281/zenodo.3402335","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"9 20","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131436740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Squandering in Ethic Economics: Consumer and Producer Behaviors Analysis 道德经济学中的挥霍：消费者和生产者行为分析

International Journal of Islamic Business & Management Pub Date : 2019-05-28 DOI: 10.46281/IJIBM.V3I2.279

B. Bidabad

{"title":"Squandering in Ethic Economics: Consumer and Producer Behaviors Analysis","authors":"B. Bidabad","doi":"10.46281/IJIBM.V3I2.279","DOIUrl":"https://doi.org/10.46281/IJIBM.V3I2.279","url":null,"abstract":"Purpose: This paper investigates the effects of squandering on the economic behavior of consumer and firm. Moreover, we analyze consumer work-leisure behavior from the squandering viewpoint. \u0000Findings: Commodity squandering creates no utility for the consumer. Just the \"(real) consumption (usage)\" satisfies the preference ordering rules of consumer behavior and the \"squandered\" commodities do not satisfy these rules. Definitionally, consumption is equal to \"real usage\" plus \"squandered\" commodities. Thence, the consumer will lose some parts of her utility because of squandering (because of lost resources). The amount of lost income resources due to squandering should be recompensated by more works to preserve the consumer's welfare constant. Squandering effects in total productivity, non-optimal allocation of production factors, product wastage, and product decay are analyzed as less productivity and less supply of products due to squandering. According to this analysis, theoretically, it can be concluded that squandering will decrease the leisure and its corresponding utility of human being. \u0000Social implications: If the ethic economics' doctrine affects the consumption pattern, this process will moderate consumption. Otherwise, the society will move toward exploiting all of her capital to: \"just produce-just consume\". The latter will be intensified by knowledge-based economic progress. \u0000JEL: D11, D21, Z12, D19, D24 \u0000DOI: https://doi.org/10.5281/zenodo.3402339 \u0000 \u0000 ","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130989950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Economic- Juristic Analysis of Usury in Consumption and Investment Loans and Contemporary Jurisprudence Shortages in Exploring Legislator Commandments 消费投资贷款高利贷的经济法分析及当代法理学在立法者诫命探索中的不足

International Journal of Islamic Business & Management Pub Date : 2019-05-27 DOI: 10.46281/IJIBM.V3I2.275

B. Bidabad

{"title":"Economic- Juristic Analysis of Usury in Consumption and Investment Loans and Contemporary Jurisprudence Shortages in Exploring Legislator Commandments","authors":"B. Bidabad","doi":"10.46281/IJIBM.V3I2.275","DOIUrl":"https://doi.org/10.46281/IJIBM.V3I2.275","url":null,"abstract":"In this article, by analyzing the deduction methodology of jurisprudence commandments, we try to touch the existing shortages in its methodological aspects. By discussing on different sources of Islamic jurisprudence like the Quran, Sunna (Tradition), consensus, intellect, fame, analogy, preference, public interest considering, blocking the means, we will explicates that the divine authority (person who is allowed by the messenger or by someone whom messenger has allowed him) has been ignored in religious deduction, and thus these different ideas have emerged in Islamic commandments. In this regards, juristic decrees may be compared, which are different and even conflict solutions to a unique problem or question. These conflicts enlighten two important propositions. \u0000 \u0000The juristic deduction methodology needs revision. \u0000Ignorance to theosophy principle of jurisprudence is the main source of conflicts. \u0000 \u0000By defining and analyzing usury and interest in an economic-juristic frame and specifically in the Quran and with respect to wisdom or theosophy principle in jurisprudence to distinguish usury and non-usury finance, we conclude: \u0000 \u0000The loaner must share in profit and loss of the economic activity of the loan receiver. \u0000The rate of interest-because of inability to determine the capital productivity rate a priori- should not be determined and conditioned in advance. \u0000Receiving interest in consumption loans is usury and not allowed. \u0000 \u0000Transformation of credit and deposit markets’ oscillations to the real sector is the main initiation of real sector economic fluctuations. Respect to wisdom (theosophy) principle of religious legislation, and by introducing a mathematical model, we show that usury causes economic fluctuations and by deleting usury from the economy, we conclude that real economy will be more stable. \u0000DOI: https://doi.org/10.5281/zenodo.3402329 \u0000 ","PeriodicalId":179367,"journal":{"name":"International Journal of Islamic Business & Management","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115062469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 11

Rastin Certificate Market (RCM):A Complementary System of Rastin Banking Rastin证书市场(RCM): Rastin银行的补充体系

International Journal of Islamic Business & Management Pub Date : 2019-05-22 DOI: 10.46281/IJIBM.V3I1.260

B. Bidabad

引用次数: 6