Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework

Shariah screening is a well-established concept in the Malaysian Equity Market; in fact Malaysia is considered one of the global leaders of Shariah compliant equity market. A new drive for the adoption of sustainable investment has materialized in Malaysia, through the introduction of Environmental,...

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Main Authors:	Sheikh Idris, Moizer, Haron, Razali, Che Embi, Nor Azizan, Hamdan, Hamdino
Format:	Conference or Workshop Item
Language:	English English
Published:	2017
Subjects:	BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf

id	iium-59959
recordtype	eprints
spelling	iium-599592017-12-13T02:12:18Z http://irep.iium.edu.my/59959/ Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance. Shariah screening is a well-established concept in the Malaysian Equity Market; in fact Malaysia is considered one of the global leaders of Shariah compliant equity market. A new drive for the adoption of sustainable investment has materialized in Malaysia, through the introduction of Environmental, Social, and Governance (ESG) compliance index (FTSE4GOOD) in 2014. Shariah compliant investment and ESG has a common role of promoting responsible investing. However, there has been a lack of transfer between ESG & Shariah screening factors. Therefore, the aim of this paper is to investigate the available literature through content analysis technique, to identify the effect of ESG compliance on firm performance, and to determine the factors affecting firm performance. Thus, by understanding the importance of ESG towards firm’s performance, this will enable a smoother transfer between ESG and Shariah screening principles within the Malaysian equity market. Among the main factors that affect firm performance represented by profitability are firm’s size, age, leverage, capital structure, and liquidity. 2017-05-02 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf application/pdf en http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf Sheikh Idris, Moizer and Haron, Razali and Che Embi, Nor Azizan and Hamdan, Hamdino (2017) Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework. In: International Islamic Fund and Wealth Management FORUM (IIFWMF), 2nd-3rd May 2017, Kuala Lumpur. (Unpublished) http://www.iium.edu.my/iiibf/international-islamic-fund-wealth-management-forum-iifwmf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance. Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
description	Shariah screening is a well-established concept in the Malaysian Equity Market; in fact Malaysia is considered one of the global leaders of Shariah compliant equity market. A new drive for the adoption of sustainable investment has materialized in Malaysia, through the introduction of Environmental, Social, and Governance (ESG) compliance index (FTSE4GOOD) in 2014. Shariah compliant investment and ESG has a common role of promoting responsible investing. However, there has been a lack of transfer between ESG & Shariah screening factors. Therefore, the aim of this paper is to investigate the available literature through content analysis technique, to identify the effect of ESG compliance on firm performance, and to determine the factors affecting firm performance. Thus, by understanding the importance of ESG towards firm’s performance, this will enable a smoother transfer between ESG and Shariah screening principles within the Malaysian equity market. Among the main factors that affect firm performance represented by profitability are firm’s size, age, leverage, capital structure, and liquidity.
format	Conference or Workshop Item
author	Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino
author_facet	Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino
author_sort	Sheikh Idris, Moizer
title	Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
title_short	Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
title_full	Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
title_fullStr	Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
title_full_unstemmed	Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
title_sort	performance of esg versus shariah compliant firms in malaysia. a conceptual framework
publishDate	2017
url	http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf
first_indexed	2023-09-18T21:24:59Z
last_indexed	2023-09-18T21:24:59Z
_version_	1777412131940990976

Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework

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