The Analysis Feasibility Study on the Financial Aspects of Islamic Perspective

Agustin, Hamdi and Azwirman, Azwirman (2019) The Analysis Feasibility Study on the Financial Aspects of Islamic Perspective. In: 6th Annual International Conference on Management Research (AICMaR 2019).

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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.

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