Research Article
Is Reasonable to Use Mudharabah in Sharia Pricing Assets ?
@INPROCEEDINGS{10.4108/eai.7-10-2021.2316790, author={Ahmad Faisol and Sulaeman Rahman Nidar and Aldrin Herwany}, title={Is Reasonable to Use Mudharabah in Sharia Pricing Assets ?}, proceedings={Proceedings of the 4th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2021, 7 October 2021, Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICEBE}, year={2022}, month={4}, keywords={sharia capm mudharabah zakat}, doi={10.4108/eai.7-10-2021.2316790} }- Ahmad Faisol
Sulaeman Rahman Nidar
Aldrin Herwany
Year: 2022
Is Reasonable to Use Mudharabah in Sharia Pricing Assets ?
ICEBE
EAI
DOI: 10.4108/eai.7-10-2021.2316790
Abstract
This study aims to test whether several variations of mudharabah can be used as a substitute for the risk free rate in developing the Sharia CAPM model, as evidenced by the absence of differences in test results between the CAPM and Sharia CAPM models. The method used in this study is the average difference test using the Mann-Whitney test. The test results show that there is no significant difference between the average CAPM and SCAPM values. This means that using various variations of mudharabah in the calculation of pricing assets as a substitute for the risk free rate is a reasonable step, especially for sharia economic activists.
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