Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]

The purpose of this study is to investigate whether Malaysian Syariahcompliant quantitative screening adopts criteria, which can be considered more liberal than those used by the DJIM, S&P and FTSE Syariah index providers, and also to assess the financial health of the sample companies. To do th...

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Main Authors:	Pok, Wee Ching, Haniff, Mohd Nizal, Ameer, Rashid, Poshakwale, Sunil
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2012
Subjects:	Islam Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/23738/ http://ir.uitm.edu.my/id/eprint/23738/1/LP_POK%20WEE%20CHING%20RMI%2012_5.pdf

id	uitm-23738
recordtype	eprints
spelling	uitm-237382019-04-05T01:07:24Z http://ir.uitm.edu.my/id/eprint/23738/ Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.] Pok, Wee Ching Haniff, Mohd Nizal Ameer, Rashid Poshakwale, Sunil Islam Finance, Islamic The purpose of this study is to investigate whether Malaysian Syariahcompliant quantitative screening adopts criteria, which can be considered more liberal than those used by the DJIM, S&P and FTSE Syariah index providers, and also to assess the financial health of the sample companies. To do these, a sample of 477 Syariah-compliant firms were tested using the financial ratios, namely, liquidity ratio, interest ratio, debt ratio and non-permissible income ratio used by these world-leading index providers. The results showed that fewer companies (12.16%) qualify under the DJIM criteria and even more companies (63.10%) qualify under the FTSE criteria. The reasons for this difference are (1) the use of different formulae to calculate the ratio (2) the use of different thresholds and (3) the different emphases applied by the world index providers. The results of the financial health screen show that the majority of the Syariah-compliant companies are financially healthy. Research Management Institute (RMI) 2012 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/23738/1/LP_POK%20WEE%20CHING%20RMI%2012_5.pdf Pok, Wee Ching and Haniff, Mohd Nizal and Ameer, Rashid and Poshakwale, Sunil (2012) Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]. [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Islam Finance, Islamic
spellingShingle	Islam Finance, Islamic Pok, Wee Ching Haniff, Mohd Nizal Ameer, Rashid Poshakwale, Sunil Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
description	The purpose of this study is to investigate whether Malaysian Syariahcompliant quantitative screening adopts criteria, which can be considered more liberal than those used by the DJIM, S&P and FTSE Syariah index providers, and also to assess the financial health of the sample companies. To do these, a sample of 477 Syariah-compliant firms were tested using the financial ratios, namely, liquidity ratio, interest ratio, debt ratio and non-permissible income ratio used by these world-leading index providers. The results showed that fewer companies (12.16%) qualify under the DJIM criteria and even more companies (63.10%) qualify under the FTSE criteria. The reasons for this difference are (1) the use of different formulae to calculate the ratio (2) the use of different thresholds and (3) the different emphases applied by the world index providers. The results of the financial health screen show that the majority of the Syariah-compliant companies are financially healthy.
format	Research Reports
author	Pok, Wee Ching Haniff, Mohd Nizal Ameer, Rashid Poshakwale, Sunil
author_facet	Pok, Wee Ching Haniff, Mohd Nizal Ameer, Rashid Poshakwale, Sunil
author_sort	Pok, Wee Ching
title	Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
title_short	Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
title_full	Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
title_fullStr	Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
title_full_unstemmed	Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]
title_sort	analysis of syariah quantitative screening norms among malaysia syariah-compliant stocks / pok wee ching … [et al.]
publisher	Research Management Institute (RMI)
publishDate	2012
url	http://ir.uitm.edu.my/id/eprint/23738/ http://ir.uitm.edu.my/id/eprint/23738/1/LP_POK%20WEE%20CHING%20RMI%2012_5.pdf
first_indexed	2023-09-18T23:11:17Z
last_indexed	2023-09-18T23:11:17Z
_version_	1777418819253305344

Analysis of syariah quantitative screening norms among Malaysia syariah-compliant stocks / Pok Wee Ching … [et al.]

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