The crude oil markets have seen unpredictability over petroleum markets' good and bad times worldwide in the past few years. Various facets of the natural energy industry discuss in this research paper. The effect of the Indian ecosystem in determining oil demand and supply is vital to understand price fluctuations. Researchers in this research paper concentrates on the ARIMA model and other regression models used in the post-1991 LPG reforms to determine crude petroleum values and their primary effect on the Indian ecosystem (GDP) through time-series data from 1991 to 2019. The ARIMA model is further evidence of the validation of datasets and the potential trend in the show of global oil rates. The uncouth oil historical values prophesy the potential movement from crude oil prices, and the recommended model-based fall-outs are compelling and honest. Before applying the normality of data and unit-roots, the ARIMA model thoroughly checks at the level. If stationary is not detected, then unit-roots are suspended. The first step is to keep residuals static at the required level of significance to provide efficient forecasting using the ARIMA model used for this analysis.
13 April 2024 in International Journal of Religion
In current years, there has been much dialogue about putting Shariah law into commercial banking and stock market practices. Because Islamic finance keeps getting more crucial and critical to the world economy, this research paper scrutinizes how Shariah law has changed, what problems it has triggered, and how it is used in commercial banking and the stock market. The study lures on a comprehensive review of the literature and an analysis of the practices and regulations related to Shariah law in commercial banking and the stock market. The verdicts designate that there has been significant progress in Shariah-compliant financial products and services, with an aggregate number of financial institutions seeking to knock on the door of the rising Islamic finance market. Generally, the study contributes to the thoughtful understanding of Shariah law in commercial banking and stock market practices, highlighting the developments, challenges, and practices associated with this mounting and growing sector of the global economy. The study proposes that policymakers and regulators keep supporting the growth of Shariah-based financial products and services while also addressing the complications and guaranteeing they align with Shariah law.