Feasibility study of Venture Capital from a jurisprudential, legal and economic perspective in Iran

Document Type : Original Article

Authors

1 PhD Student, Department of Financial Engineering, Qom Branch, Islamic Azad University, Qom, Iran.

2 Associate Professor, Department of Management,, Central Tehran Branch, Islamic Azad University, Tehran, Iran

3 Assistant Professor, Department of Management,, Kharazmi University, Tehran, Iran

4 Assistant Professor, Department of Finance and Accounting, Qom Branch, Islamic Azad University, Qom, Iran

Abstract

One of the most important factors in investment and financing in the Muslim community and Islamic countries is the conformity of the type of investment, financing methods and contracts with sharia standards (in Iran, compliance with Imami jurisprudence is considered). In addition, the laws governing transactions and contracts in order to maintain investment security, promotion and economic stability, has been the biggest concern of companies, investors, as well as lawyers and officials. This study examines the jurisprudential, legal and economic aspects of bold Islamic investment, which is one of the ways to finance start-ups with technological ideas in the international market and in most Islamic countries in the last two decades. It is considered and also paves the way for the development and progress of small and medium companies in Iran. The use of this investment procedure requires pathology in various fields, the three main axes of which are jurisprudence, law and economics in this research, using the opinions of experts in two stages in the form of a questionnaire, in a society consisting of legislators. The professors of the seminary and the university and the managers of the knowledge-based companies were interviewed after the calculation of validity and reliability and finally using the survey method as well as hierarchical analysis and selection of three main criteria and 26 sub-criteria was also identified. The research finding is that the investing community in Iran is acutely concerned about the type of contracts and the lack of confidence in adhering to Islamic rules in contracts, property rights, as well as stability in economic indicators. Finally, it offers remedial solutions.

Keywords

References

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