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...

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Main Authors:	Anwer, Zaheer, Asadov, Alam, Mustaffa Kamil, Nazrol Kamil, Musaev, Mehroj, Refede, Mohd
Format:	Article
Language:	English English
Published:	Emerald Group Publishing Limited 2019
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/7/73071%20Islamic%20venture%20capital.pdf http://irep.iium.edu.my/73071/8/73071%20Islamic%20venture%20capital%20SCOPUS.pdf

id	iium-73071
recordtype	eprints
spelling	iium-730712019-07-11T07:02:19Z http://irep.iium.edu.my/73071/ Islamic venture capital – issues in practice Anwer, Zaheer Asadov, Alam Mustaffa Kamil, Nazrol Kamil Musaev, Mehroj Refede, Mohd HG3368 Islamic Banking and Finance 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. Emerald Group Publishing Limited 2019 Article PeerReviewed application/pdf en http://irep.iium.edu.my/73071/7/73071%20Islamic%20venture%20capital.pdf application/pdf en http://irep.iium.edu.my/73071/8/73071%20Islamic%20venture%20capital%20SCOPUS.pdf Anwer, Zaheer and Asadov, Alam and Mustaffa Kamil, Nazrol Kamil and Musaev, Mehroj and Refede, Mohd (2019) Islamic venture capital – issues in practice. ISRA International Journal of Islamic Finance, 11 (1). pp. 147-158. ISSN 2289-4365 https://www.emerald.com/insight/content/doi/10.1108/IJIF-06-2018-0063/full/pdf?title=islamic-venture-capital-issues-in-practice 10.1108/IJIF-06-2018-0063
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Anwer, Zaheer Asadov, Alam Mustaffa Kamil, Nazrol Kamil Musaev, Mehroj Refede, Mohd Islamic venture capital – issues in practice
description	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.
format	Article
author	Anwer, Zaheer Asadov, Alam Mustaffa Kamil, Nazrol Kamil Musaev, Mehroj Refede, Mohd
author_facet	Anwer, Zaheer Asadov, Alam Mustaffa Kamil, Nazrol Kamil Musaev, Mehroj Refede, Mohd
author_sort	Anwer, Zaheer
title	Islamic venture capital – issues in practice
title_short	Islamic venture capital – issues in practice
title_full	Islamic venture capital – issues in practice
title_fullStr	Islamic venture capital – issues in practice
title_full_unstemmed	Islamic venture capital – issues in practice
title_sort	islamic venture capital – issues in practice
publisher	Emerald Group Publishing Limited
publishDate	2019
url	http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/ http://irep.iium.edu.my/73071/7/73071%20Islamic%20venture%20capital.pdf http://irep.iium.edu.my/73071/8/73071%20Islamic%20venture%20capital%20SCOPUS.pdf
first_indexed	2023-09-18T21:43:37Z
last_indexed	2023-09-18T21:43:37Z
_version_	1777413303334600704

Islamic venture capital – issues in practice

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