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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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Main Authors: Wan Zainal, Wan Arliza, Kasim, Nawal, Zakaria, Nor Balkish, Mohamed, Norazida
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Selangor 2016
Subjects:
Banking
Investment, capital formation, speculation
Stock price indexes. Stock quotations
Online Access:https://ir.uitm.edu.my/id/eprint/31065/1/AJ_WAN%20ARLIZA%20WAN%20ZAINAL%20MAR%20B%2016.pdf
https://ir.uitm.edu.my/id/eprint/31065/
http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/584
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spelling my.uitm.ir.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.] 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 ID31065 Wan Zainal, Wan Arliza and Kasim, Nawal and Zakaria, Nor Balkish and Mohamed, Norazida (2016) Disputes and resemblance: comparative analysis of shariah advisory committee methodology and International indices / Wan Arliza Wan Zainal … [et al.]. Management & Accounting Review (MAR), 15 (2). pp. 1-10. ISSN 2550-1895 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/584
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Banking
Investment, capital formation, speculation
Stock price indexes. Stock quotations
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.]
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.
format Article
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
title 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_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_sort disputes and resemblance: comparative analysis of shariah advisory committee methodology and international indices / wan arliza wan zainal … [et al.]
publisher Universiti Teknologi MARA Cawangan Selangor
publishDate 2016
url https://ir.uitm.edu.my/id/eprint/31065/1/AJ_WAN%20ARLIZA%20WAN%20ZAINAL%20MAR%20B%2016.pdf
https://ir.uitm.edu.my/id/eprint/31065/
http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/584
_version_ 1720439809900544000
score 13.211869

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