Artikel

Islamic venture capital: issues in practice

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 bemade 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.

Sprache
Englisch

Erschienen in
Journal: ISRA International Journal of Islamic Finance ; ISSN: 2289-4365 ; Volume: 11 ; Year: 2019 ; Issue: 1 ; Pages: 147-158 ; Bingley: Emerald

Klassifikation
Wirtschaft
Thema
Islamic finance
Islamic venture capital
Sharīʿah-compliant investment

Ereignis
Geistige Schöpfung
(wer)
Anwer, Zaheer
Asadov, Alam
Kamil, Nazrol K. M.
Musaev, Mehroj
Refede, Mohd
Ereignis
Veröffentlichung
(wer)
Emerald
(wo)
Bingley
(wann)
2019

DOI
doi:10.1108/IJIF-06-2018-0063
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Anwer, Zaheer
  • Asadov, Alam
  • Kamil, Nazrol K. M.
  • Musaev, Mehroj
  • Refede, Mohd
  • Emerald

Entstanden

  • 2019

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