Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)

The Analysis Feasibility Study on the Financial Aspects of Islamic Perspective

Authors
Hamdi Agustin, Azwirman Azwirman
Corresponding Author
Hamdi Agustin
Available Online 6 April 2020.
DOI
https://doi.org/10.2991/aebmr.k.200331.016How to use a DOI?
Keywords
Hamdi’s Method, Islamic perspective, financial aspects
Abstract

The purpose of this study is to calculate the feasibility of investing in the financial aspects by using an Islamic perspective namely Hamdi’s Method. Hamdi’s Method uses the calculations of gold value method (GVM) and gold index (GI) which is a substitute for calculations in conventional concept, namely net present value (NPV) and profitability index (PI). The GVM and GI method is a new method for calculating financial aspects in determining the feasibility of investing in an Islamic perspective. The calculation of the GVM and GI methods uses the gold standard based on the word of Allah ta’ala in the letter at Taubah verse 34. From the word of Allah ta’la this was developed by Ibnu Khaldun who stated that gold and silver are measure of value. In this paper try the case of opening a business an English course by using the Hamdi’s Method which then compares investment feasibility decisions using conventional method namely NPV and PI. The calculation results show that the business of English course is feasible using the Hamdi’s Method. The result is the same as using NPV and PI calculations. Thus calculating the feasibility of investing in the financial aspects by using an Islam perspective namely the Hamdi’s Method can be used as a new method in academic field.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
6 April 2020
ISBN
978-94-6252-948-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200331.016How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Hamdi Agustin
AU  - Azwirman Azwirman
PY  - 2020
DA  - 2020/04/06
TI  - The Analysis Feasibility Study on the Financial Aspects of Islamic Perspective
BT  - Proceedings of the 6th Annual International Conference on Management Research (AICMaR 2019)
PB  - Atlantis Press
SP  - 69
EP  - 73
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200331.016
DO  - https://doi.org/10.2991/aebmr.k.200331.016
ID  - Agustin2020
ER  -