Browsing by Author Anwer, Zaheer

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  • Authors: Anwer, Zaheer (2017)

  • This study examines the impact of ethical and Shariah screenmg on idiosyncratic risk, performance and dividend policy decisions for US market for the period 2006-2015. A unique dataset is utilized to construct representative portfolios of Socially Responsible Investing (SRI), Shariah compliant investment and Market (proxy). The existing literature suggests that constraints on stock selection imposed by screening may limit investment universe and make faith based portfolios sub-optimal. Therefore, the investors who want to follow their religious or social beliefs need to incur cost of their values. Our results reveal that Shariah compliant investors are slightly disadvantaged in terms ...

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  • Chapter in Book


  • Authors: Abdul Hamid, Baharom; Ali, Mohsin; Naeem Azmi, Choudhari Wajahat; Anwer, Zaheer (2017)

  • The primary goal of this paper is to explore the viability of initiating Islamic finance (IF) in an unchartered economy. Canada is taken as a case study for this paper. To achieve our objective, we proceed in two stages. The first stage involves the analysis of market opportunities for IF. More precisely, the first stage involves the cost/benefit analysis which would enable the IF industry to see whether it is feasible for them to initiate. Second, the more challenging stage involves the analysis with regard to the barriers in offering IF products.

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.

Browsing by Author Anwer, Zaheer

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 4 of 4
  • item.jpg
  • PhD


  • Authors: Anwer, Zaheer (2017)

  • This study examines the impact of ethical and Shariah screenmg on idiosyncratic risk, performance and dividend policy decisions for US market for the period 2006-2015. A unique dataset is utilized to construct representative portfolios of Socially Responsible Investing (SRI), Shariah compliant investment and Market (proxy). The existing literature suggests that constraints on stock selection imposed by screening may limit investment universe and make faith based portfolios sub-optimal. Therefore, the investors who want to follow their religious or social beliefs need to incur cost of their values. Our results reveal that Shariah compliant investors are slightly disadvantaged in terms ...

  • item.jpg
  • Chapter in Book


  • Authors: Abdul Hamid, Baharom; Ali, Mohsin; Naeem Azmi, Choudhari Wajahat; Anwer, Zaheer (2017)

  • The primary goal of this paper is to explore the viability of initiating Islamic finance (IF) in an unchartered economy. Canada is taken as a case study for this paper. To achieve our objective, we proceed in two stages. The first stage involves the analysis of market opportunities for IF. More precisely, the first stage involves the cost/benefit analysis which would enable the IF industry to see whether it is feasible for them to initiate. Second, the more challenging stage involves the analysis with regard to the barriers in offering IF products.

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.