Are Cryptocurrencies ḥalāl? On the Sharia-Compliancy of Blockchain-Based Fintech

2020 ◽  
pp. 1-37
Author(s):  
Irene K. F. Kirchner
Keyword(s):  
Banking Sector ◽  
Intrinsic Value ◽  
Security Issues ◽  
Competing Interests ◽  
Private Investors ◽  
Muslim Scholars

The discussion of the sharia-compliancy of cryptocurrencies is shaped by the competing interests of legislators, the business and banking sector, private investors and, finally, religious scholars whose conclusions are diverse and often contradictory. This essay provides an overview of historical and modern Islamic conceptions of commodities and property, money, and contract of sale laws, and how they relate to cryptocurrencies such as Bitcoin. In doing so, I respond to the most frequent concerns of Muslim scholars: the volatility and speculative nature of cryptocurrencies, security issues and, most commonly, the claim that cryptocurrencies are not ḥalāl because they have no intrinsic value. Finally, I show the consequences of different lines of argument for the sharia compliancy of cryptocurrencies in a case study of four cryptocurrencies: Bitcoin, OneGramCoin, Steemit and Nexo.

Integration of Tellurism and Sacred Geometry in Professional Training

2021 ◽  
pp. 202-227
Author(s):  
Guadalupe Cantarero-García
Keyword(s):  
Professional Training ◽  
Intrinsic Value ◽  
Comparative Case Study ◽  
Human Being ◽  
Overall Design ◽  
Sacred Geometry ◽  
Historical Heritage ◽  
Work Method

At present, the implementation of the concepts of tellurism and sacred geometry in the schools of architecture is neither obvious nor simple. It starts with the historical heritage of patterns that are shaped and molded according to professorships that have worked independently in territories at different scales within building and urbanism. Moreover, they share the same premise of the occupation of space and creation. In this study, the authors focus on the intrinsic value of the land, its energy, and how this affects not only the overall design of the building, but also the interior of a healthy dwelling. The psychological, psychosomatic, and symptomatic effects on the human being are related to the intrinsic use of a dwelling, as well as to the building's placement on the land. The work method in this investigation has implemented a comparative case study carried out in El Pardo and Carabanchel.

4. Democracy

2014 ◽  
Author(s):  
Thomas Christiano
Keyword(s):  
Intrinsic Value ◽  
Democratic Institutions ◽  
James Buchanan ◽  
Joseph Schumpeter ◽  
Gordon Tullock ◽  
Democratic Ideals ◽  
Theory Of Democracy

This chapter examines various conceptions of the normative grounds of democracy. After some preliminaries, it discusses considerations that favour and disfavour democracy from the perspective of instrumentalism. It then reviews some arguments for the intrinsic value of democracy and goes on to analyse one of the most fundamental challenges that a theory of democracy must face: the problem of citizenship. It also explains some of the institutional prerequisites of democratic institutions if they are to meet the challenge of citizenship. Finally, it presents a case study on deliberative polling as a way of realizing democratic ideals, along with Key Thinkers boxes featuring Jean-Jacques Rousseau, Joseph Schumpeter, Robert Dahl, James Buchanan, and Gordon Tullock.

Reflections on the challenges of exhibiting popular music at the beginning of the 21st century through a case study of ‘A Magia do Vinil’

Popular Music ◽  
2017 ◽  
Vol 36 (3) ◽  
pp. 370-392 ◽  
Author(s):  
Alcina Cortez
Keyword(s):  
Social Construction ◽  
Popular Music ◽  
21St Century ◽  
Subject Matter ◽  
Social Dynamics ◽  
Intrinsic Value ◽  
Art Exhibitions

AbstractThis paper sets out to reflect on the implications of the heritagisation of popular music by museums. ‘Heritage’ is not something that holds intrinsic value but rather represents a social construction that produces difference by adding value to specific objects within particular social dynamics. This means that heritagisation processes operant in museums prove highly susceptible to ideological distortion and hence require scrutiny. Studying the case of the Portuguese exhibitionA Magia do Vinil, a Música que Mudou a Sociedade, I analyse two specific domains: the concepts and the narrative deployed to address popular music discursively; and the objects selected for exhibition, in conjunction with the interactive practices they foster with audiences. This case study demonstrates how popular music heritagisation practices may largely correspond with those approaches taken by conventional art exhibitions – not only through the uncritical discourses they reproduce concerning their subject matter, but also through the idea that vision is the means for engaging museumgoers.

scholarly journals Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016 - 2017)

2019 ◽  
Vol 1 (1) ◽  
pp. 82-92
Author(s):  
Ardy Indra Lekso Wibowo Putra ◽  
Aditya Dwiansyah Putra ◽  
Murni Sari Dewi ◽  
Denny Oktavina Radianto
Keyword(s):  
Decision Making ◽  
Stock Market ◽  
Stock Price ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Investment Decision ◽  
Manufacturing Companies ◽  
Market Prices ◽  
Investment Decision Making

An investor must be able to consider all kinds of steps that will be taken or that will be carried out, assessing stocks - shares that will provide optimal benefits in making an investment decision. By analyzing the intrinsic value of the price of a company's stock, investors can assess the fairness of the stock price. The method used to analize intrinsic value is fundamental analysis using the Price Earning Ratio (PER) approach. The samples to be taken in this research are manufacturing companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2017 with certain criteria. The results of this research will show that the shares of companies listed are in overvalued, undervalued or correctly valued conditions. So investors can decide to buy, hold or sell their shares.

scholarly journals Living With Elephants: Evidence-Based Planning to Conserve Wild Elephants in a Megadiverse South East Asian Country

2021 ◽  
Vol 2 ◽  
Author(s):  
Ee Phin Wong ◽  
Ahimsa Campos-Arceiz ◽  
Natasha Zulaikha ◽  
Praveena Chackrapani ◽  
Aida Ghani Quilter ◽  
...  
Keyword(s):  
Intrinsic Value ◽  
Asian Country ◽  
Asian Elephant ◽  
Theory Of Change ◽  
East Asian Country ◽  
The Social ◽  
Elephant Population ◽  
Thinking Process ◽  
Return Value

Theory of Change (ToC) and Social Return of Investment (SROI) are planning tools that help projects craft strategic approaches in order to create the most impact. In 2018, the Management & Ecology of Malaysian Elephants (MEME) carried out planning exercises using these tools to develop an Asian elephant conservation project with agriculture communities. First, a problem tree was constructed together with stakeholders, with issues arranged along a cause-and-effect continuum. There were 17 main issues identified, ranging from habitat connectivity and fragmentation, to the lack of tolerance toward wild elephants. All issues ultimately stemmed from a human mindset that favors human-centric development. The stakeholders recognize the need to extend conservation efforts beyond protected areas and move toward coexistence with agriculture communities for the survival of the wild elephants. We mapped previous Human-Elephant Conflict (HEC) management methods and other governmental policies in Malaysia against the problem tree, and provided an overview of the different groups of stakeholders. The ToC was developed and adapted for each entity, while including Asian elephants as a stakeholder in the project. From the SROI estimation, we extrapolated the intrinsic value of the wild Asian elephant population in Johor, Malaysia, to be conservatively worth at least MYR 7.3 million (USD 1.8 million) per year. From the overall calculations, the potential SROI value of the project is 18.96 within 5 years, meaning for every ringgit invested in the project, it generates MYR 18.96 (USD 4.74) worth of social return value. There are caveats with using these value estimations outside of the SROI context, which was thoroughly discussed. The SROI provides projects with the ability to justify to funders the social return values of its activities, which we have adapted to include the intrinsic value of an endangered megafauna. Moreover, SROI encourages projects to consider unintended impacts (i.e., replacement, displacement, and deadweight), and acknowledge contributions from stakeholders. The development of the problem tree and ToC via SROI approach, can help in clarifying priorities and encourage thinking out of the box. For this case study, we presented the thinking process, full framework and provided evidences to support the Theory of Change.

scholarly journals When Culture and Change Collide In Higher Education: A Case Study at One University

2020 ◽  
Vol 10 (2) ◽  
pp. 46-59
Author(s):  
Steven Petersen ◽  
Susan Bartel
Keyword(s):  
Higher Education ◽  
Intrinsic Value ◽  
Public Institution ◽  
Organizational Leaders ◽  
Prospective Students ◽  
Alternative Teaching ◽  
Culture Shift ◽  
Education Market ◽  
Market Needs

Leaders in higher education regularly find themselves at the intersection of change, torn between their institution’s history and culture, the intrinsic value of education, market needs, and the desires of alumni, current, and prospective students. Higher education is often labeled reluctant to change, and many believe any change initiative not aligned with the institution’s culture is almost certain to fail. This study provides evidence that leaders in higher education can implement change that is incongruent with organizational culture while maintaining harmony among the institution’s ideals and constituents. University X, a medium-sized, highly regarded public institution located in a rural area, implemented its first fully online degree program, which was widely perceived as being incongruent with the organization’s culture. A detailed analysis of eight environmental factors and an adaptation of Kotter’s (1996) eight-step change model contributed to the overall success of this change. The keys to implementation were developing an in-depth understanding of the culture while ensuring there was both a need for change and adequate support among stakeholders. Developing a group to champion and sustain the initiative was also critical. The common thread throughout the entire change process was the frequent and effective communication maintained by the organizational leaders. The culture shift initiated by the change also allowed the institution to move quickly to transition to alternative teaching methods during the COVID-19 pandemic of 2020.

scholarly journals Nilai Wajar Saham Sektor Advertising, Printing, dan Media Di Bursa Efek Indonesia

2016 ◽  
Vol 10 (3) ◽  
pp. 449
Author(s):  
Edy Suryadi ◽  
Nur Fitria
Keyword(s):  
Stock Price ◽  
Stock Return ◽  
Intrinsic Value ◽  
Secondary Data ◽  
Capital Asset Pricing ◽  
Capital Asset ◽  
Market Prices ◽  
Asset Pricing Model ◽  
The Media

The background of this research there is an indication that the stock price on the market does not showthe actual value of the shares, especially shares subsectors advertising, Printing, and Media. The intrinsicvalue of shares can be searched by using fundamental analysis of the company through the method ofdividend discount models (DDM). This research is a case study in which the withdrawal of a sample usingpurposive sampling. the data used are secondary data obtained from documents Indonesia StockExchange through its website www.idx.co.id. This research resulted in the intrinsic value of the shares ofthe sub sectors of advertising, Printing and Media, which found that the price of the shares of the subsectors of advertising, Printing, and the media in a state of high market prices (overvalued). Informationfor investors on the stock return is calculated through the method of capital asset pricing model (CAPM)and the formation of the portfolio as well as information for investors that the shares owned byPT.Jasuindo Tiga Perkasa has the highest return and can be considered for investment.

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