TAILIEUCHUNG - Comparative analysis between Islamic finance and venture capital: do ifis and venture capitalists adopt the same investment decision process?

This paper proposes, to compare two modes of financing namely: venture capital and certain practices of Islamic finance (Musharakah and Mudarabah). | Comparative analysis between Islamic finance and venture capital do ifis and venture capitalists adopt the same investment decision process International Journal of Management IJM Volume 9 Issue 4 July August 2018 pp. 40 59 Article ID IJM_09_04_006 Available online at http ijm JType IJM amp VType 9 amp IType 4 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication COMPARATIVE ANALYSIS BETWEEN ISLAMIC FINANCE AND VENTURE CAPITAL DO IFIS AND VENTURE CAPITALISTS ADOPT THE SAME INVESTMENT DECISION PROCESS A. Sakouili and M. EL Azhari PhD student at the University Hassan the 1st 26000 Settat Morocco R. Chroqui and S. Hattab Professor at the University Hassan the 1st 26000 Settat Morocco ABSTRACT This paper proposes to compare two modes of financing namely venture capital and certain practices of Islamic finance Musharakah and Mudarabah . In this comparison we will focus on the decision-making process to invest in a risky project and following the results found we will evoke the notion of bounded rationality through its reliability models with the aims of questioning the applicability thereof in the field of Islamic finance. The analysis carried out shows that these two modes are very similar particularly in their approach to investment and their conception of partnership in business. Despite the undeniable advantages of the Musharakah and Mudarabah modes of financing we noticed that these practices are rarely used the Islamic financial institutions because of the difficulties encountered by financial operators during the application of funds granting procedures. Also this study shows that the modeling of decision-making process in participatory finance is a necessity and this will be the subject of our next paper. Keywords Venture Capital Musharakah Mudarabah Project Selection Limited Rationality Reliability Models Cite this Article A. Sakouili M. EL Azhari R. .

• Quỹ đầu tư
• Modes of financing
• Venture capital and certain practice
• Field of Islamic finance
• Advantages of the Musharakah and Mudarabah
• Modeling of decision making process