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

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dc.contributor.authorIsmail Zakri, Aida Shaiza
dc.contributor.authorShaikh Abdul Razak, Shaikh Hamzah
dc.contributor.authorMohd Tahir, Zainal Abidin
dc.date.accessioned2018-12-09T07:46:35Z
dc.date.available2018-12-09T07:46:35Z
dc.date.issued2018
dc.description.abstractOn average the Islamic finance industry has grown by almost 20% per annum, a compound annual growth rate of 17% from 2009 to 2013 (IFSB, 2013) with its current assets estimated to be worth USD 2 trillion and is set to reach USD 5 trillion in year 2020. This paper aims to analyse three Shari'ah screening methodologies namely Securities Commission (Malaysia), FTSE NASDAQ Dubai Shari'ah Index Series and the Dow Jones Islamic Market Indices. A sample of 30 companies comprising Shari'ah and non-Shari'ah stocks invested by the Malaysian institutional funds were analysed. Our analysis shows that out of the 30 samples stocks, only eight companies passed the screening using the criteria of the three providers. The limitations of the study is the non-availability of detailed information such as type of bank accounts and debts, hence assumption made is that the cash are placed in conventional accounts unless indicated.en_US
dc.identifier.citationIsmail Zakri, Aida Shaiza and Shaikh Abdul Razak, Shaikh Hamzah and Mohd Tahir, Zainal Abidin. (2018). Comparison of methodologies of Shari'ah stock screening: the case of SAC SC Malaysia, FTSE Yasaar Dubai and Dow Jones Islamic market indices. International Journal of Business Forecasting and Marketing Intelligence, 4 (4), pp. 458-485.en_US
dc.identifier.doihttps://doi.org/10.1504/IJBFMI.2018.095161
dc.identifier.issn1744-6635
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3010
dc.languageEnglish
dc.language.isoenen_US
dc.publisherInderscience Enterprises Ltden_US
dc.rights2018. Inderscience Enterprises Ltd
dc.sourceSEDONA
dc.subjectShari'ah stock screeningen_US
dc.subjectSecurities Commissionen_US
dc.subjectDow Jonesen_US
dc.subjectFTSE Dubaien_US
dc.subjectQuantitative screeningen_US
dc.subjectFinancial ratiosen_US
dc.subjectQualitativeen_US
dc.subjectquantitativeen_US
dc.titleComparison of methodologies of Shari'ah stock screening: the case of SAC SC Malaysia, FTSE Yasaar Dubai and Dow Jones Islamic market indicesen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic capital marketsen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic capital marketsen_US
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