Comparison of methodologies of Shari'ah stock screening: the case of SAC SC Malaysia, FTSE Yasaar Dubai and Dow Jones Islamic market indices

2018 ◽  
Vol 4 (4) ◽  
pp. 458
Author(s):  
Aida Shaiza Ismail Zakri ◽  
Shaikh Hamzah Abdul Razak ◽  
Zainal Abidin Mohd Tahir
Keyword(s):  
Stock Screening

Shariah-compliant equities and Shariah screening: need for convergence of ethical screening of stocks with Shariah screening

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tauhidul Islam Tanin ◽  
Abu Umar Faruq Ahmad ◽  
Aishath Muneeza
Keyword(s):  
Original Research ◽  
Screening Process ◽  
Screening Criteria ◽  
Content Type ◽  
Practical Applications ◽  
Qualitative Research Methodology ◽  
Qualitative Descriptive ◽  
Stock Screening ◽  
Descriptive Approach ◽  
Practical Implications

PurposeThis study explores the practical application of the Shariah screening process and how it could be enhanced by converging the same with the ethical screening of stocks.Design/methodology/approachThis study adopts a qualitative research methodology by combining the qualitative descriptive approach and content analysis.FindingsThe findings of this research suggest that there is scope to converge ethical screening of stocks with Shariah Screening as the lex loci applicable to Shariah screening is derived from Shariah, which considers ethics as part of determining its rules.Practical implicationsThe data from this study reveal several practical applications, the ultimate goal of which is to help the policymakers and stakeholders understand the relevance of the Shariah screening of stocks and get a streamlined screening process, paving the way to enhance the same using ethical screening criteria to develop its function to become much more relevant irrespective of the denomination of faiths.Originality/valueThis is original research, which is expected to contribute to understanding the extent to which Shariah screening can be enhanced by integrating the ethical stock screening dimension to it.

scholarly journals IMPLEMENTING ESG CONCEPT IN SHARIA STOCK SCREENING PROCESS

2021 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Rifka Mustafida ◽  
Najim Nur Fauziah
Keyword(s):  
Social Impact ◽  
Social Dimension ◽  
Investment Portfolio ◽  
Socially Responsible ◽  
Screening Process ◽  
Responsible Investment ◽  
Good Corporate Governance ◽  
Stock Screening ◽  
Almost All ◽  
Sustainability Report

Islam places great importance on moral, environmental and social dimension. Sustainable development is centric to the overlapping factors both Islamic finance and Socially Responsible Investment, which are the economy, the environment and social impact. In contrary, Empirical evidence concerning ESG practice of IFIs and Sharia compliant companies is still lacking. The investment portfolio should therefore be scrutinized on the criteria of justice, social welfare and sustainability. This paper aims to identify sustainability report of Sharia Stocks companies and propose i-ESG index for sharia stocks screening in Indonesia. A qualitative study is used to describe sustainability action doing by Sharia compliant companies listed on Indeks Saham Syariah Indonesia (ISSI) in October 2019. This study found that, almost all the companies shows their Good Corporate Governance, but only a few of company have their sustainability report. Therefore a novel parameter to screen the sharia stocks screening process is urgently needed.  

Inducing Stock Screening Rules for Portfolio Construction

1991 ◽  
Vol 42 (9) ◽  
pp. 747 ◽  
Author(s):  
Kar Yan Tam ◽  
Melody Y. Kiang ◽  
Robert T. H. Chi
Keyword(s):  
Portfolio Construction ◽  
Stock Screening

scholarly journals SELEKSI SAHAM SYARIAH : PERBANDINGAN ANTARA BURSA EFEK INDONESIA DAN MALAYSIA

2017 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Egi Arvian Firmansyah
Keyword(s):  
Qualitative Research ◽  
Developing Countries ◽  
Middle East ◽  
Stock Exchange ◽  
Stock Selection ◽  
Screening Criteria ◽  
Middle East Countries ◽  
Stock Screening

Abstract. Islamic stocks are those which do not contradict with the Islamic teachings derived from Al-Quran, Sunnah, hadith and ijtihad of the qualified Islamic scholars. This is a qualitative research comparing the stock screening criteria in order to be categorized as sharia compliant stocks in two developing countries where most of the citizen are Muslims, i.e. Indonesia and Malaysia. As the sharia stock screening is in the field of muamalah and there is no single scholar (or group) accepted by the whole Muslims worldwide, each country sets its own screening criteria through its Islamic scholars by performing ijtihad as an effort to decide the sharia compliant stocks. It was found that there are differences in screening criteria between Indonesia and Malaysia stock exchange. These are based on the fiqh or understanding of the scholars in the two countries as well as the vision and investor to be targeted. The screening criteria need to be continuously improved or revised along with the changing need of investor and stock exchange strategy in collecting the fund especially from Middle East countries requiring sharia compliance.Keywords. ISSI; JII; stock  screening; sharia stock selection.  Abstrak. Saham Syariah merupakan saham yang tidak bertentangan dengan ajaran Islam yaitu yang bersumber dari Al-Quran, Sunnah, hadist dan ijtihad ulama terkemuka. Penelitian ini merupakan penelitian kualitatif yang membandingkan kriteria seleksi saham untuk dapat dikategorikan ke dalam saham syariah di dua negara berkembang yang penduduknya mayoritas Muslim yaitu Indonesia dan Malaysia. Karena skrining saham syariah termasuk ke dalam aspek muamalah dan tidak adanya ulama yang diterima oleh umat Muslim seluruh dunia untuk menentukan satu hukum yang diterima umum, maka setiap negara dengan ulamanya masing-masing menggunakan pendekatan ijtihad untuk memutuskan saham mana yang dikategorikan sesuai syariah dan tidak. Terdapat perbedaan kriteria seleksi di Indonesia dan Malaysia yang didasarkan pada pemahaman fiqih yang dianut masing-masing negara serta visi dan target investor yang ingin diraih. Metode skrining senantiasa perlu dievaluasi atau direvisi seiring perubahan selera investor dan strategi bursa dalam mengumpulkan dana terutama dari negara-negara Timur Tengah yang memperhatikan aspek kepatuhan pada syariah.Katakunci. ISSI; JII; stock screening; seleksi saham syariah.

Sign in / Sign up

Export Citation Format

Share Document