Is Reasonable to Use Mudharabah in Sharia Pricing Assets ?

Ahmad Faisol; Sulaeman Nidar; Aldrin Herwany

Proceedings of the 4th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2021, 7 October 2021, Lampung, Indonesia

Research Article

Is Reasonable to Use Mudharabah in Sharia Pricing Assets ?

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Cite: BibTeX Plain Text

@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

Ahmad Faisol¹^,*, Sulaeman Rahman Nidar², Aldrin Herwany²

1: Lampung University
2: Universitas Padjadjaran

*Contact email: ahmad.faisol@feb.unila.ac.id

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.

Keywords: sharia capm mudharabah zakat

Published: 2022-04-20
Publisher: EAI

: http://dx.doi.org/10.4108/eai.7-10-2021.2316790