Critical analysis of Shariah screening norms and practices

Shariah screening is a relatively new phenomenon to the Islamic finance. Until the 1970s, Muslim community generally was reluctant to involve in stock market due to the outright Shariah prohibition, imposed on capital market. In 1990s, a major breakthrough took place in religious ruling pertaining t...

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Main Authors:	Htay, Sheila Nu Nu, Abedeen, Zafar, Syed, Ahmed Salman
Format:	Conference or Workshop Item
Language:	English English
Published:	2013
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/29624/ http://irep.iium.edu.my/29624/1/Critical_analaysis_of_shariah_screening_norms_and_practices_Conference.pdf http://irep.iium.edu.my/29624/2/CRITICAL_ANALYSIS_OF_SHARIAH_SCREENING_NORMS_AND_PRACTICES.docx.pdf

id	iium-29624
recordtype	eprints
spelling	iium-296242013-04-03T02:29:42Z http://irep.iium.edu.my/29624/ Critical analysis of Shariah screening norms and practices Htay, Sheila Nu Nu Abedeen, Zafar Syed, Ahmed Salman HG1501 Banking Shariah screening is a relatively new phenomenon to the Islamic finance. Until the 1970s, Muslim community generally was reluctant to involve in stock market due to the outright Shariah prohibition, imposed on capital market. In 1990s, a major breakthrough took place in religious ruling pertaining to equity investment and Muslims were allowed to partake in stock market with certain conditions. To ensure that the Shariah portfolio is in harmony with those conditions Shariah screening process is carried out. Since Shariah screening is executed by different Shariah index providers and all providers are bound with the stipulations laid down by the respective Shariah supervisory body there seems to be inconsistency in terms of Shariah screening norms and practice throughout the world. Along with the absence of standardized practice eventually is deemed to hamper the progress of Islamic equity market and it may lower the confidence of investors in the future. Therefore, this research is aimed to investigate the existing differences among the leading Shariah indices and to critically analyze the current Shariah screening norms. The researchers believe that the findings of the study will contribute to the enhancement of Shariah screening practice and will foster the sustainable growth of Islamic equity market. 2013 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/29624/1/Critical_analaysis_of_shariah_screening_norms_and_practices_Conference.pdf application/pdf en http://irep.iium.edu.my/29624/2/CRITICAL_ANALYSIS_OF_SHARIAH_SCREENING_NORMS_AND_PRACTICES.docx.pdf Htay, Sheila Nu Nu and Abedeen, Zafar and Syed, Ahmed Salman (2013) Critical analysis of Shariah screening norms and practices. In: Third Asia-Pacific Business Research Conference, 25-26 February 2013, Hotel Istana Kuala Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Htay, Sheila Nu Nu Abedeen, Zafar Syed, Ahmed Salman Critical analysis of Shariah screening norms and practices
description	Shariah screening is a relatively new phenomenon to the Islamic finance. Until the 1970s, Muslim community generally was reluctant to involve in stock market due to the outright Shariah prohibition, imposed on capital market. In 1990s, a major breakthrough took place in religious ruling pertaining to equity investment and Muslims were allowed to partake in stock market with certain conditions. To ensure that the Shariah portfolio is in harmony with those conditions Shariah screening process is carried out. Since Shariah screening is executed by different Shariah index providers and all providers are bound with the stipulations laid down by the respective Shariah supervisory body there seems to be inconsistency in terms of Shariah screening norms and practice throughout the world. Along with the absence of standardized practice eventually is deemed to hamper the progress of Islamic equity market and it may lower the confidence of investors in the future. Therefore, this research is aimed to investigate the existing differences among the leading Shariah indices and to critically analyze the current Shariah screening norms. The researchers believe that the findings of the study will contribute to the enhancement of Shariah screening practice and will foster the sustainable growth of Islamic equity market.
format	Conference or Workshop Item
author	Htay, Sheila Nu Nu Abedeen, Zafar Syed, Ahmed Salman
author_facet	Htay, Sheila Nu Nu Abedeen, Zafar Syed, Ahmed Salman
author_sort	Htay, Sheila Nu Nu
title	Critical analysis of Shariah screening norms and practices
title_short	Critical analysis of Shariah screening norms and practices
title_full	Critical analysis of Shariah screening norms and practices
title_fullStr	Critical analysis of Shariah screening norms and practices
title_full_unstemmed	Critical analysis of Shariah screening norms and practices
title_sort	critical analysis of shariah screening norms and practices
publishDate	2013
url	http://irep.iium.edu.my/29624/ http://irep.iium.edu.my/29624/1/Critical_analaysis_of_shariah_screening_norms_and_practices_Conference.pdf http://irep.iium.edu.my/29624/2/CRITICAL_ANALYSIS_OF_SHARIAH_SCREENING_NORMS_AND_PRACTICES.docx.pdf
first_indexed	2023-09-18T20:43:30Z
last_indexed	2023-09-18T20:43:30Z
_version_	1777409521575002112

Critical analysis of Shariah screening norms and practices

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