Cover Image

Modeling psychology in Islamic wealth management

This paper proposes a conceptual framework for modeling psychology in Islamic wealth management. Incorporating psychology into finance would significantly contribute to our understanding of the behavior of individual investors as well as market behavior. Utilizing the findings of behavioral finance...

Full description

Saved in:
Bibliographic Details
Main Authors: Al-Abbadi, Ahmed Hamed, Abdullah, Adam
Format: Article
Language:English
Published: Canadian Center of Science and Education 2017
Subjects:
BF Psychology
HG Finance
Online Access:http://irep.iium.edu.my/58249/1/69609-257729-1-PB.pdf
http://irep.iium.edu.my/58249/
http://ccsenet.org/journal/index.php/ijef/article/view/69609
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.58249
record_format dspace
spelling my.iium.irep.582492018-01-31T17:28:52Z http://irep.iium.edu.my/58249/ Modeling psychology in Islamic wealth management Al-Abbadi, Ahmed Hamed Abdullah, Adam BF Psychology HG Finance This paper proposes a conceptual framework for modeling psychology in Islamic wealth management. Incorporating psychology into finance would significantly contribute to our understanding of the behavior of individual investors as well as market behavior. Utilizing the findings of behavioral finance and financial therapy, along with industry mega-trends, 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 behaviorally and cognitively helping them to engage 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 apply Fintech innovations in producing complex analytics and thereby enriching the client experience. Canadian Center of Science and Education 2017 Article REM application/pdf en http://irep.iium.edu.my/58249/1/69609-257729-1-PB.pdf Al-Abbadi, Ahmed Hamed and Abdullah, Adam (2017) Modeling psychology in Islamic wealth management. International Journal of Economics and Finance, 9 (10). pp. 64-85. ISSN 1916-971X http://ccsenet.org/journal/index.php/ijef/article/view/69609 10.5539/ijef.v9n10p64
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BF Psychology
HG Finance
spellingShingle BF Psychology
HG Finance
Al-Abbadi, Ahmed Hamed
Abdullah, Adam
Modeling psychology in Islamic wealth management
description This paper proposes a conceptual framework for modeling psychology in Islamic wealth management. Incorporating psychology into finance would significantly contribute to our understanding of the behavior of individual investors as well as market behavior. Utilizing the findings of behavioral finance and financial therapy, along with industry mega-trends, 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 behaviorally and cognitively helping them to engage 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 apply Fintech innovations in producing complex analytics and thereby enriching the client experience.
format Article
author Al-Abbadi, Ahmed Hamed
Abdullah, Adam
author_facet Al-Abbadi, Ahmed Hamed
Abdullah, Adam
author_sort Al-Abbadi, Ahmed Hamed
title Modeling psychology in Islamic wealth management
title_short Modeling psychology in Islamic wealth management
title_full Modeling psychology in Islamic wealth management
title_fullStr Modeling psychology in Islamic wealth management
title_full_unstemmed Modeling psychology in Islamic wealth management
title_sort modeling psychology in islamic wealth management
publisher Canadian Center of Science and Education
publishDate 2017
url http://irep.iium.edu.my/58249/1/69609-257729-1-PB.pdf
http://irep.iium.edu.my/58249/
http://ccsenet.org/journal/index.php/ijef/article/view/69609
_version_ 1643615313728634880
score 13.211869

Similar Items