Document Type : Science - Research (Islamic Capital Market)

Authors

• zahra zamen ghadirli ¹
• Hamed Tajmir Riyahi ²

¹ Kharazmi University

² Assistant Professor, Faculty of Economics, Kharazmi University, Tehran, Iran

Abstract

Investment funds are one of the indirect investment methods that have been welcomed by the capital market in recent years. According to its impact on the real economy, commodity investment funds can play an effective role in managing the market of various commodities, among its most important functions is the reduction of destructive speculation on the desired commodity in the market, which leads to an increase in social justice, which is one of the goals of the Islamic economy. The current research tries to extract the opportunities and challenges of these funds based on the Islamic economy perspective, and through that, the role of these funds in the framework of Islamic economy is explained. The research method in question is based on the expert-oriented nature of the subject, based on a statistical sample of 10 financial and economic experts were selected by purposive sampling. Using the method of hierarchical analysis, advantages, disadvantages and challenges of commodity funds were prioritized. The results showed that market-based volatility is ranked first among commodity fund challenges After that there were political crises and economic crises. Also, the obtained results show the high importance of speculation and its effect on the price of goods in the real economy market as the challenges of the commodity fund from the perspective of Islamic economy. Professional capital management, risk diversification and development of commodity markets in the field of export products were listed among the advantages of commodity funds

Keywords

• commodity investment fund
• Islamic economy
• speculation
• market-based volatility

Main Subjects

• Science - Research (Islamic Capital Market)