Sharia Screening Process: A Comparison of Pakistan and Malaysia
This paper aims to examine the Sharia screening methodologies used by Securities Commission of Malaysia and KSE Meezan Index (KMI-30 of Pakistan). The two set of screens used by both Islamic indices are business screens and financial screens. The existence of certain similarities and differences in screening methodology is evident. The findings also implicate that there is a dire need for standardisation of said process which will be beneficial in many ways and will surely aid in the development of ICM worldwide.
Abbas, S. K., Hassan, H. A., Asif, J., & Zainab, F. (2018). HOW INCOME LEVEL DISTRIBUTION RESPONDS TO POVERTY: EMPIRICAL EVIDENCE FROM PAKISTAN. Global Scientific Journals, 6(3), 131-142.
Abbas, S. K., Hassan, H. A., Asif, J., Junaid, H. M., & Zainab, F. (2018). What are the key determinants of mobile banking Adoption in Pakistan? International Journal of Scientific & Engineering Research, 9(2), 841-848.
Abbas, S. K., Hassan, H. A., Hashmi, Z. M., & Waqar, N. (2018). HOW COGNITIVE, EMOTIONAL AND BEHAVIORAL DETERMINANTS AFFECT CONSUMER CREDIT APPROACH? Global Scientific Journals, 6(3), 164-171.
Abbas, S., Haider, S., Zainab, F., Hassan, H., & Fazal, A. (2018). Why remodeling of risk management Practices in banking is required? Evidence from Pakistan. International Journal of Scientific & Engineering Research, 9(2), 686-691.
Abbas, S., Hassan, H., Iftikhar, S., & Waris, A. (2018). Assimilation of TTF and UTAUT for Mobile Banking Usage. International Journal of Advanced Engineering, Management and Science (IJAEMS), 4(4), 305-308. doi:https://dx.doi.org/10.22161/ijaems.4.4.12
Abdul Rahman, A., Azlan Yahya, M., & Herry Mohd Nasir, M. (2010). Islamic norms for stock screening: A comparison between the Kuala Lumpur stock exchange Islamic index and the dow jones Islamic market index . International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 228-240.
Ali, R. (2008). Islamic Finance: a practical guide. . International Journal of Islamic and Middle Eastern Finance and Management, 1, 345-346.
Asia, I. F. (2008). Are Islamic Indices the way to go?. Feature, (October/November), 28.
Bin Mahfouz, S., & Ahmed, H. (2014). Shariah investment screening criteria: A critical review. JKAU: Islamic Economics, 27(1), 111-145.
Derigs, U., & Marzban, S. (2008). Review and analysis of current Shariah-compliant equity screening practices. International Journal of Islamic and Middle Eastern Finance and Management, 1(4), 285-303.
Hassan, H. A., Abbas, S. K., & Zainab, F. (2018). ANATOMY OF TAKAFUL. Global Scientific Journals, 6(3), 143-155.
Obaidullah, M. (2009). Some issues in Shari’ah compliance and regulation of Islamic funds. JKAU: Islamic Economics, 22(1), 191-193.
Pok, W. C. (2012). Analysis of Syariah quantitative screening norms among Malaysia Syariah-compliant stocks. Investment Management and Financial Innovations, 9(2), 69-80.
Popotte, M. (2011). Industry Snapshot: Opening the Black Box of Shariah Stock Screening. Retrieved November 4.
Securities Commission Malaysia. (2013). List of Sharia-compliant Securities by the Sharia Advisory Council of the Securities Commission Malaysia. Securities Commission Malaysia.
Sefiani, Z. (2009). New Generation of Shariah Stock Screening. Islamic Finance News, PP-20.
Sengupta, B. (2012). Sharia Stock Screening: A Fund Manager’s Conundrum. . Cognizant 20-20 Insights.
Siddiqi, M. N. (2006). Shariah, economics and the progress of Islamic finance: The role of Shariah experts. . In Concept Paper presented at Pre-Forum Workshop on Select Ethical and Methodological Issues in Shari’a-Compliant Finance Cambridge, Massachusetts, USA.
Soke Fun Ho, C., Masood, O., Abdul Rehman, A., & Bellalah, M. (2012). Syariah accounting and compliant screening practices. Qualitative Research in Financial Markets, 4(2/3), 240-254.
Usmani, T. (1999). Principles of Shari’ah governing Islamic investment funds. International Journal of Islamic Financial Services , 1(2), 45-58.
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.