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Islamic Private Equity

Author

Listed:
  • Mohamed Ali Chatti

    (Fiesta - Fiesta - ISG de Tunis)

  • Ouidad Yousfi

    (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School)

Abstract

The Islamic private equity (IPE) market has grown dramatically over the last few years. There are some similarities between venture capital (VC) and some traditional methods in Islamic financing. In medieval Islamic societies it is hard to pinpoint the starting of IPE but there were partnership arrangements similar to those practiced in conventional private equity (PE). But both academicians and professionals argue that the VC activity started in 1946 when General Doriot, a French born and a Harvard educated businessman, established the American Research and Development Corporation (ARDC). It grew in Silicon Valley in the 1970s. Intel and Microsoft are amongst the most famous projects financed through VC. Without the intervention of venture capitalists none of these would have seen light of day or at least achieved such a spectacular rate of development in such a short period (Queyrel, 2006).

Suggested Citation

  • Mohamed Ali Chatti & Ouidad Yousfi, 2011. "Islamic Private Equity," Post-Print hal-00813902, HAL.
    • Handle: RePEc:hal:journl:hal-00813902
    Note: View the original document on HAL open archive server: https://hal.science/hal-00813902
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    Cited by:

    1. EL Fakir, Adil & Fairchild, Richard & Tkiouat, Mohamed, 2019. "A hybrid profit and loss sharing model using interest free-debt and equity financing: An application of game theory as a decision tool," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 352-360.
    2. Zaid Al-Aifari & Monzer Kahf, 2021. "Venture Capital Investment: Challenges and Potential Solutions استثمار رأس المال المُخاطر : التحديات والحلول," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 34(2), pages 3-18, July.
    3. repec:ipg:wpaper:2014-581 is not listed on IDEAS
    4. Ouidad Yousfi, 2013. "Does PLS financing solve asymmetric information problems?," Post-Print hal-00785325, HAL.

    More about this item

    Keywords

    Islamic Finance; PLS; shari'ah compliant;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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