Islamic venture capital : issues in practice
Joint Authors
Anwar, Zahir
Asadov, Allam
Kamil, Nazrol K. M.
Musaev, Muharram
Refede, Mohd
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 11, Issue 1 (30 Jun. 2019), pp.147-158, 12 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2019-06-30
Country of Publication
Malaysia
No. of Pages
12
Main Subjects
Topics
Abstract EN
Purpose – This paper aims to explore the structure and underlying contracts of Islamic venture capital (IVC) and to evaluate its prospects.
VC can be perceived as an investment vehicle possessing most of the desirable attributes of a Sharīʿah-compliant investment vehicle.
There are certain issues involved in the formation, operations and exit strategies of these investments that are discussed in detail in this paper.
Design/methodology/approach – A detailed review of relevant literature is performed to identify how IVC investments can be made and how related issues may be resolved.
Findings – IVC investment has potential of incorporating Sharīʿah-compliant investment modes.
Additionally, it may offer higher than average returns.
These attributes can be desirable for Islamic finance industry that is currently in need of equity-based financing products.
The major causes of lesser growth of IVC investments are lack of awareness among the investors and the absence of viable investment opportunities for small- and medium-scale investors.
IVC may attract general public if established after extensive research aimed at introducing innovative products.
Originality/value – This paper provides an overview of a truly Sharīʿah-compliant investment vehicle, furnishes a synthesis of various suggestions made by industry and academia and suggests viable solutions for valuation, risk management and exit strategies.
American Psychological Association (APA)
Anwar, Zahir& Asadov, Allam& Kamil, Nazrol K. M.& Musaev, Muharram& Refede, Mohd. 2019. Islamic venture capital : issues in practice. ISRA International Journal of Islamic Finance،Vol. 11, no. 1, pp.147-158.
https://search.emarefa.net/detail/BIM-965091
Modern Language Association (MLA)
Anwar, Zahir…[et al.]. Islamic venture capital : issues in practice. ISRA International Journal of Islamic Finance Vol. 11, no. 1 (2019), pp.147-158.
https://search.emarefa.net/detail/BIM-965091
American Medical Association (AMA)
Anwar, Zahir& Asadov, Allam& Kamil, Nazrol K. M.& Musaev, Muharram& Refede, Mohd. Islamic venture capital : issues in practice. ISRA International Journal of Islamic Finance. 2019. Vol. 11, no. 1, pp.147-158.
https://search.emarefa.net/detail/BIM-965091
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 157-158
Record ID
BIM-965091