Publication:
Modeling psychology in Islamic wealth management

dc.contributor.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#en_US
dc.contributor.authorHamed, Ahmed Hamed Abdullahen_US
dc.date.accessioned2024-10-08T05:18:55Z
dc.date.available2024-10-08T05:18:55Z
dc.date.issued2017
dc.description.abstractThis research studies the role of psychology in developing Islamic wealth management. Incorporating psychology into finance significantly contributes to our understanding of the individual investor`s behavior as well as the market behavior. The divergence between the ideality and reality of Islamic wealth management shows an urgent need for a reconciliation between the two. Utilizing the findings of behavioral finance and financial therapy along with the industry megatrends, Islamic wealth management could step further in fulfilling its ultimate objective of promoting social welfare. This is can be achieved by exploring and identifying the psychological factors that affect the clients` decision-making and then helping the clients behaviorally and cognitively to engaging in socially-responsible investments, projects and initiatives. In operationalizing this model, financial advisors/wealth managers should adopt a comprehensive client discovery and profiling method and should make use of some Fintech innovations in producing complex analytics and enriching the client experience. Quantitative method is adopted through distributing survey questionnaires to experts specializing in finance, economics and psychology. The findings were analyzed through descriptive and inferential analysis. Results indicate that the psychology-driven disciplines of behavioral finance and financial therapy, from an Islamic perspective, can significantly contribute to meeting client`s needs as well as social welfare. Client discovery and profiling incorporating Fintech innovations can also play a notable role in operationalizing the proposed model.en_US
dc.description.callnumbert BPH 100 H36 2017en_US
dc.description.degreelevelMasteren_US
dc.description.identifierThesis : Modeling psychology in Islamic wealth management /by Ahmed Hamed Abdullah Hameden_US
dc.description.identityt11100375726AhmedHamedAbdullahHameden_US
dc.description.kulliyahIIUM Institute of Islamic Banking and Financeen_US
dc.description.notesThesis (MSc.IBF)--International Islamic University Malaysia, 2017.en_US
dc.description.physicaldescriptionxii, 166 leaves :illustrations ;30cm.en_US
dc.description.programmeMaster of Science (Islamic Banking and Finance).en_US
dc.identifier.urihttps://studentrepo.iium.edu.my/handle/123456789/8288
dc.identifier.urlhttps://lib.iium.edu.my/mom/services/mom/document/getFile/EUdHfmTttrfg2NyfiaGkyHAgVIlAHa8B20180821123208037
dc.language.isoarenen_US
dc.publisherKuala Lumpur : International Islamic University Malaysia, 2017en_US
dc.rightsCopyright International Islamic University Malaysia
dc.subject.lcshFinancial management -- Religious aspects -- Islamen_US
dc.subject.lcshWealth -- Religious aspects -- Islamen_US
dc.titleModeling psychology in Islamic wealth managementen_US
dc.typeMaster Thesisen_US
dspace.entity.typePublication

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