The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs

This study suspects that relying on the current Shariah screening process on financial aspects by Shariah Advisory Council of Malaysia may be not sufficient as the two important ratios which are Debt ratio and ARTA ratio highlighted by Council of Islamic Fiqh Academy (CIFA) are not being used. The s...

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Main Authors:	Che Embi, Nor Azizan, Rahim, Ruzita, Ibrahim, Izani
Format:	Conference or Workshop Item
Language:	English English English English
Published:	2013
Subjects:	HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/73912/ http://irep.iium.edu.my/73912/3/IRIE%202013%20-%20Certificate%20Nor%20Azizan%20Che%20Embi.pdf.pdf http://irep.iium.edu.my/73912/1/IRIE%202013%20-%20Nor%20Azizan%20Che%20Embi.pdf http://irep.iium.edu.my/73912/13/73912%20%20The%20impact%20of%20shariah-compliance.pdf http://irep.iium.edu.my/73912/14/73912%20certificate.pdf

id	iium-73912
recordtype	eprints
spelling	iium-739122019-08-23T02:35:20Z http://irep.iium.edu.my/73912/ The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs Che Embi, Nor Azizan Rahim, Ruzita Ibrahim, Izani HG4501 Stocks, investment, speculation This study suspects that relying on the current Shariah screening process on financial aspects by Shariah Advisory Council of Malaysia may be not sufficient as the two important ratios which are Debt ratio and ARTA ratio highlighted by Council of Islamic Fiqh Academy (CIFA) are not being used. The study observed 347 Shariah-compliant companies and 37 non-compliant Shariah companies that issued IPOs from January 1999 until December 2008. Obviously, when the Shariah IPOs samples are ranked based on the level of extensiveness, the difference in the initial returns between the most extensive Shariah IPOs and non-Shariah compliant IPOs prevails. 2013-02 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/73912/3/IRIE%202013%20-%20Certificate%20Nor%20Azizan%20Che%20Embi.pdf.pdf application/pdf en http://irep.iium.edu.my/73912/1/IRIE%202013%20-%20Nor%20Azizan%20Che%20Embi.pdf application/pdf en http://irep.iium.edu.my/73912/13/73912%20%20The%20impact%20of%20shariah-compliance.pdf application/pdf en http://irep.iium.edu.my/73912/14/73912%20certificate.pdf Che Embi, Nor Azizan and Rahim, Ruzita and Ibrahim, Izani (2013) The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs. In: IIUM Research, Invention and Innovation Exhibition (IRIIE) 2013, 19-20th February 2013, 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 English English
topic	HG4501 Stocks, investment, speculation
spellingShingle	HG4501 Stocks, investment, speculation Che Embi, Nor Azizan Rahim, Ruzita Ibrahim, Izani The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
description	This study suspects that relying on the current Shariah screening process on financial aspects by Shariah Advisory Council of Malaysia may be not sufficient as the two important ratios which are Debt ratio and ARTA ratio highlighted by Council of Islamic Fiqh Academy (CIFA) are not being used. The study observed 347 Shariah-compliant companies and 37 non-compliant Shariah companies that issued IPOs from January 1999 until December 2008. Obviously, when the Shariah IPOs samples are ranked based on the level of extensiveness, the difference in the initial returns between the most extensive Shariah IPOs and non-Shariah compliant IPOs prevails.
format	Conference or Workshop Item
author	Che Embi, Nor Azizan Rahim, Ruzita Ibrahim, Izani
author_facet	Che Embi, Nor Azizan Rahim, Ruzita Ibrahim, Izani
author_sort	Che Embi, Nor Azizan
title	The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
title_short	The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
title_full	The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
title_fullStr	The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
title_full_unstemmed	The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs
title_sort	impact of shariah-compliance extensiveness screening on the initial performance of malaysian ipos
publishDate	2013
url	http://irep.iium.edu.my/73912/ http://irep.iium.edu.my/73912/3/IRIE%202013%20-%20Certificate%20Nor%20Azizan%20Che%20Embi.pdf.pdf http://irep.iium.edu.my/73912/1/IRIE%202013%20-%20Nor%20Azizan%20Che%20Embi.pdf http://irep.iium.edu.my/73912/13/73912%20%20The%20impact%20of%20shariah-compliance.pdf http://irep.iium.edu.my/73912/14/73912%20certificate.pdf
first_indexed	2023-09-18T21:44:47Z
last_indexed	2023-09-18T21:44:47Z
_version_	1777413377606287360

The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs

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