The analysis of strategies and outcomes of the optimal allocation of resources in Islamic banking using the GT approach with the help of MAXQDA software

Document Type : Research Paper


Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran


The Islamic banking system, which is based on Islamic values and worldviews, is a part of the Islamic economic system, enabling the analysis of the philosophy of Islamic banking within the framework of studying the philosophy of Islamic economics. This research aims to explore the outcomes of the optimal allocation of resources in Islamic banking. To conduct the research, after collecting literature, theoretical foundations, and literature review from library studies, data gained from the opinion of scholars in various groups involved in the issue of Islamic banking were collected using interview instruments, and to analyze the content of interviews, conceptualization, and extraction of categories was used through a systematic method. To analyze the data, open coding, axial coding, and selective coding were carried out in three stages, and the model of the optimal allocation of resources based on Islamic banking was presented using MAXQDA software. Findings suggested that the consequences cannot always be predicted, and they are not necessarily those that people intended. Outcomes may be incidents and phenomena, take a negative form, be accurate or implied, and take place in the present or future.


[1] A. Abdali, S.M. Khadem and K. Jariani, The analysis of effective factors on the suspension of Gavamin bank claims, J. Contemp. Res. Manag. Account. Sci. 3 (2021), no. 8, 1–18.
[2] S.S. Alam Al-Hoda, Islamic banking and risk: A comparative analysis, J. Islamic Econ. 12 (2018), no. 44, 69–86.
[3] A. Azizi, The analysis of interest-free banking in Iran and its comparison with selected countries with Islamic banking system with the approach of resource equipment and allocation, J. Ganoon Yar 2 (2018), no. 8, 203–226.
[4] M.T. Dashti and M.R. Salemi, The institutionalization of Islamic banking in Iran; Strategies and approaches, J. Legal Stud. 18 (2021), no. 14, 1–16.
[5] A. Ebrahimnejad, 1-day workshop in risk management, Bank Saderatm, Tehran, 2011.
[6] M. Hashemi Tilehnouei and S. Hosseinzadeh, Investigating the efficiency of hybrid model in comparison with logistic regression and artificial neural network in credit risk evaluation of companies Listed in Tehran Stock Exchange, J. Islamic Econ. Bank. 9 (2020), no. 31, 173–204.
[7] K. He, Expected default measures in the KMV model and the market-based model: Empirical evidence from Chinese listed companies, M.Sc. Thesis, School of Economics and Management Department of Economics, Lunds University, 2011.
[8] A. Keshavarzian Peyvasti, Financing in interest-free banking, Sepah Bank Publications, Tehran, 2018.
[9] A. Mahdavi Parsa and M. NourAhmadi, The ranking of banks in Iran is based on the status of attention to corporate governance in the bank’s upstream documents, J. Invest. Knowledge 7 (2018), no. 26, 199–220.
[10] Y. Mahmoudian, A. Abolhasani Hastiani, M.H. Pourkazemi and K. Nadri, Optimal values of commission fee and deposit level in Islamic banking, Islamic Econ. Quart. 17 (2017), no. 66, 159–189.
[11] R.C. Merton, On the pricing of corporate debt: The risk structure of interest rates, J. Finance 29 (1974), no. 2, 449–470.
[12] S.A. Mousavian, Criticism and analysis of the law of interest-free bank operations and suggesting alternative law, J. Islamic Econ. 7 (2007), no. 35, 9–36.
[13] A. Pourmatin and A.A. Alizadeh, Supervised of granted facilities in interest-free banking, Tehran: Gap Publications, 2016.
[14] M.J. Salimi, M.H. Ebrahimi and S. Gasempour, Designing a local ranking model of Iranian banks based on bank health, J. Financ. Res. 18 (2016), no. 4, 653–674.
[15] H. Tuovila, Optimised strategies for dynamic asset allocation, Master’s thesis, Aalto University, 2016.
[16] T. van Gestel and B. Baesens, Credit risk management: Basic concepts, Oxford University Press, 2009.
[17] J. Yousefi, S.R. Safavi Mirmahaleh and B. Eskandarpour, Designing a model for Islamic banking efficiency: Structural interpretive approach, J. Econ. Islamic Bank. 6 (2018), no. 24, 39–60.
Volume 14, Issue 8
August 2023
Pages 149-159
  • Receive Date: 16 August 2022
  • Revise Date: 14 October 2022
  • Accept Date: 25 October 2022
  • First Publish Date: 05 November 2022