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Purpose: This study intended to investigate and analyze the relationship between deposits, money, real estate, stocks, and other gains and the return on sales at Al-Hajj Savings and Investment Fund of Jordan.
Theoretical framework: Quantitative techniques were tested by looking at the financial statements for the time period (2015 -2020).
Design/methodology/approach: the unit of measurement for this study is the Jordanian Hajj Provident and Investment Fund. In this study, there are differences between Islamic financial instruments. This study will be practical in nature, and illustrative in terms of purpose, which requires the use of causal and correlative relationships for this study.
Findings: Results showed that there is a significant statistical effect of deposit Profits on the return on sales, with a calculated T value of (6.765851) and a significance level less than 0.05. Additionally, the table's results indicated that (88.4%) of the change in "return on sales" can be explained by the change in the independent variable. Also, there is a significant statistical effect of finance Profits on the return on sales with a calculated T value of (2.871897) and less than 0.05. Additionally, the table's results indicated that 57.8% of the change in "return on sales" can be explained by the change in the independent variable. The results also revealed that (58.9 %) of the change in "return on sales" can be explained by the independent variable “Real State Profits” dimension. Finally, the result showed that there is a significant statistical effect of real state Profits on the return on sales with a calculated T value was (4.717416), with a significance level of less than 0.05, the table also showed that (81.6%) of the change in “return on sales” can be explained by the change in the “Stocks Profits” dimension.
Research, Practical & Social implications: The research indicated that in order to regulate Islamic finance instruments, one must adhere to the requirements of Islamic Sharia and implement the prescribed controls. Additionally, work to establish the necessary legal framework in Islamic nations so that Islamic financing instruments can be regulated and controlled at all stages and that they are not restricted to just one type.
Originality/value: The findings suggest several consequences forth fields of Islamic Financial Instruments and Al-Hajj Savings Investment Fund. Additionally, the Arab and Islamic country, including Jordan, have had a number of financial issues that this study helps to resolve. Al-Hajj costs of the participants are financed from their savings and profits, and if the savings exceed the costs of the Hajj, the participant can withdraw his savings and profits after performing the mandatory duty.
