Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.]
In line with Malaysian Capital Market Masterplan 2 to expand the Islamic capital, Malaysian Shariah Advisory Council (SAC) has revised the Shariah screening process for listed companies in late 2013. The screening methodology was revised by adopting a two-tier approach to the quantitative assessment...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA Cawangan Selangor
2016
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| Online Access: | https://ir.uitm.edu.my/id/eprint/31065/1/AJ_WAN%20ARLIZA%20WAN%20ZAINAL%20MAR%20B%2016.pdf |
| _version_ | 1825737304395743232 |
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| author | Wan Zainal, Wan Arliza Kasim, Nawal Zakaria, Nor Balkish Mohamed, Norazida |
| author_facet | Wan Zainal, Wan Arliza Kasim, Nawal Zakaria, Nor Balkish Mohamed, Norazida |
| author_sort | Wan Zainal, Wan Arliza |
| collection | UITM |
| description | In line with Malaysian Capital Market Masterplan 2 to expand the Islamic capital, Malaysian Shariah Advisory Council (SAC) has revised the Shariah screening process for listed companies in late 2013. The screening methodology was revised by adopting a two-tier approach to the quantitative assessment which applies business activity benchmarks and newlyintroduced financial ratio benchmarks while maintaining the qualitative assessment at the same time. This revision is parallel with the international screening providers (such as Dow-Jones Islamic World Market, Morgan-Stanly Compliance Islamic Index, London Stock Exchange (FTSE) Shariah Index, and Standard and Poor Shariah Index) methodology to identify Shariah-compliant investment for Muslims investors. Despite the similarity between the latest SAC 2013 Shariah screening methodology and the International Indices, various discussions on these screening methodology implications and detail filters are still being debated. The questions on which indices best follow the Shariah rules and are too liberal have yet to be discovered. Thus, there could be a need to provide clearer understanding with a more uniform Shariah investment screening methodology to convince investors with international portfolios. Any disputes or resemblance among these international indices and SAC are highlighted in this paper. |
| first_indexed | 2024-03-06T02:16:00Z |
| format | Article |
| id | oai:ir.uitm.edu.my:31065 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T02:16:00Z |
| publishDate | 2016 |
| publisher | Universiti Teknologi MARA Cawangan Selangor |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:310652021-12-14T02:32:21Z https://ir.uitm.edu.my/id/eprint/31065/ Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] mar Wan Zainal, Wan Arliza Kasim, Nawal Zakaria, Nor Balkish Mohamed, Norazida Banking Investment, capital formation, speculation Stock price indexes. Stock quotations In line with Malaysian Capital Market Masterplan 2 to expand the Islamic capital, Malaysian Shariah Advisory Council (SAC) has revised the Shariah screening process for listed companies in late 2013. The screening methodology was revised by adopting a two-tier approach to the quantitative assessment which applies business activity benchmarks and newlyintroduced financial ratio benchmarks while maintaining the qualitative assessment at the same time. This revision is parallel with the international screening providers (such as Dow-Jones Islamic World Market, Morgan-Stanly Compliance Islamic Index, London Stock Exchange (FTSE) Shariah Index, and Standard and Poor Shariah Index) methodology to identify Shariah-compliant investment for Muslims investors. Despite the similarity between the latest SAC 2013 Shariah screening methodology and the International Indices, various discussions on these screening methodology implications and detail filters are still being debated. The questions on which indices best follow the Shariah rules and are too liberal have yet to be discovered. Thus, there could be a need to provide clearer understanding with a more uniform Shariah investment screening methodology to convince investors with international portfolios. Any disputes or resemblance among these international indices and SAC are highlighted in this paper. Universiti Teknologi MARA Cawangan Selangor 2016-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/31065/1/AJ_WAN%20ARLIZA%20WAN%20ZAINAL%20MAR%20B%2016.pdf Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.]. (2016) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29/>, 15 (2). pp. 1-10. ISSN 2550-1895 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/584 |
| spellingShingle | Banking Investment, capital formation, speculation Stock price indexes. Stock quotations Wan Zainal, Wan Arliza Kasim, Nawal Zakaria, Nor Balkish Mohamed, Norazida Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title | Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title_full | Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title_fullStr | Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title_full_unstemmed | Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title_short | Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.] |
| title_sort | disputes and resemblance comparative analysis of shariah advisory committee methodology and international indices wan arliza wan zainal et al |
| topic | Banking Investment, capital formation, speculation Stock price indexes. Stock quotations |
| url | https://ir.uitm.edu.my/id/eprint/31065/1/AJ_WAN%20ARLIZA%20WAN%20ZAINAL%20MAR%20B%2016.pdf |
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