The Analysis Feasibility Study on the Financial Aspects of Islamic Perspective
- DOI
- 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/).
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 - 10.2991/aebmr.k.200331.016 ID - Agustin2020 ER -