Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study

Shariah Screening Methodology is a benchmark adopted by Securities Commission Malaysia in order to identify which listed companies are Shariah compliant. Historically, Shariah Screening Methodology of SC has gone several revisions, of which the latest methodology was revised in November 2013. The st...

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Main Authors:	Mohd Nor, Ahmad Mawardi, Md. Sawari, Mohd. Fuad
Format:	Book
Language:	English
Published:	IIUM Press, International Islamic University Malaysia 2017
Subjects:	BP140 Islamic law (Fiqh) KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/62000/ http://irep.iium.edu.my/62000/ http://irep.iium.edu.my/62000/1/62000_Shariah%20screening%20methodology%20of%20securities%20commission%20Malaysia.pdf

id	iium-62000
recordtype	eprints
spelling	iium-620002018-08-29T06:57:37Z http://irep.iium.edu.my/62000/ Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study Mohd Nor, Ahmad Mawardi Md. Sawari, Mohd. Fuad BP140 Islamic law (Fiqh) KBP1 Islamic law.Shariah.Fiqh Shariah Screening Methodology is a benchmark adopted by Securities Commission Malaysia in order to identify which listed companies are Shariah compliant. Historically, Shariah Screening Methodology of SC has gone several revisions, of which the latest methodology was revised in November 2013. The study intends to find what was being revised and the reasons behind this revision. In addition, it reviews the differences between the SC benchmark and other international benchmarks formulated by AAOIFI, Dow Jones and FTSE benchmark. This research discusses the opinions of Muslim scholars on the issue of companies with mixed income and the need for purification of the said income. Furthermore, this study identifies the Shariah rules and principles used by Securities Commission to develop and revise the benchmark. The study concludes that the Securities Commission’s Shariah Screening Methodology is the least stringent among other international benchmarks studied, but it still is an acceptable benchmark. IIUM Press, International Islamic University Malaysia 2017 Book PeerReviewed application/pdf en http://irep.iium.edu.my/62000/1/62000_Shariah%20screening%20methodology%20of%20securities%20commission%20Malaysia.pdf Mohd Nor, Ahmad Mawardi and Md. Sawari, Mohd. Fuad (2017) Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study. IIUM Press, International Islamic University Malaysia, Kuala Lumpur, Malaysia. ISBN 978-967-418-552-7 http://iiumpress.iium.edu.my/bookshop
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BP140 Islamic law (Fiqh) KBP1 Islamic law.Shariah.Fiqh
spellingShingle	BP140 Islamic law (Fiqh) KBP1 Islamic law.Shariah.Fiqh Mohd Nor, Ahmad Mawardi Md. Sawari, Mohd. Fuad Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
description	Shariah Screening Methodology is a benchmark adopted by Securities Commission Malaysia in order to identify which listed companies are Shariah compliant. Historically, Shariah Screening Methodology of SC has gone several revisions, of which the latest methodology was revised in November 2013. The study intends to find what was being revised and the reasons behind this revision. In addition, it reviews the differences between the SC benchmark and other international benchmarks formulated by AAOIFI, Dow Jones and FTSE benchmark. This research discusses the opinions of Muslim scholars on the issue of companies with mixed income and the need for purification of the said income. Furthermore, this study identifies the Shariah rules and principles used by Securities Commission to develop and revise the benchmark. The study concludes that the Securities Commission’s Shariah Screening Methodology is the least stringent among other international benchmarks studied, but it still is an acceptable benchmark.
format	Book
author	Mohd Nor, Ahmad Mawardi Md. Sawari, Mohd. Fuad
author_facet	Mohd Nor, Ahmad Mawardi Md. Sawari, Mohd. Fuad
author_sort	Mohd Nor, Ahmad Mawardi
title	Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
title_short	Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
title_full	Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
title_fullStr	Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
title_full_unstemmed	Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study
title_sort	shariah screening methodology of securities commission malaysia: an analytical fiqh study
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/62000/ http://irep.iium.edu.my/62000/ http://irep.iium.edu.my/62000/1/62000_Shariah%20screening%20methodology%20of%20securities%20commission%20Malaysia.pdf
first_indexed	2023-09-18T21:27:57Z
last_indexed	2023-09-18T21:27:57Z
_version_	1777412318263508992

Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study

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