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Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan

The history of Shariah index in Malaysia began when Kuala Lumpur Stock Exchange Shariah Index (KLSI) is launched in April 1999 in response to the increasing demands and interests in Shariahcompliant investments (Mcgowan & Muhammad, 2010). Previously, all securi...

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Main Authors: Jamil, Nor Suhaira, Hassan, Hamizah
Format: Book Section
Language:English
Published: Faculty of Business and Management 2020
Subjects:
KBP Islamic law. Sharī'ah. Fiqh
Securities. Stocks. Bonds (Islamic law). Trust investments
Online Access:http://ir.uitm.edu.my/id/eprint/47654/1/47654.pdf
http://ir.uitm.edu.my/id/eprint/47654/
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spelling my.uitm.ir.476542021-06-16T09:17:03Z http://ir.uitm.edu.my/id/eprint/47654/ Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan Jamil, Nor Suhaira Hassan, Hamizah KBP Islamic law. Sharī'ah. Fiqh Securities. Stocks. Bonds (Islamic law). Trust investments The history of Shariah index in Malaysia began when Kuala Lumpur Stock Exchange Shariah Index (KLSI) is launched in April 1999 in response to the increasing demands and interests in Shariahcompliant investments (Mcgowan & Muhammad, 2010). Previously, all securities are traded in Kuala Lumpur Composite Index (KLCI), until 2006, when Bursa Malaysia partnered with Financial Times Stock Exchange (FTSE) to provide a suite of indices for the Malaysian market. As a result, on 22 January 2007 and 21 May 2007 Bursa Malaysia has launched FTSE Bursa Malaysia Hijrah Shariah Index and FTSE Bursa Malaysia EMAS Shariah Ind ex respectively (“FTSE Bursa Malaysia Indices”, 2016). In Malaysia, the process of identification of Shariahcompliant securities is known as Shariah screening. It is conducted in May and November every year by the Shariah Advisory Council (SAC) of the Sec urities Commissions (SC). Since the first list of Shariahcompliant securities is introduced in 1997, the number of Shariahcompliant securities traded on Bursa Malaysia has risen from 52% in 1997 to 90% in May 2011, which is the highest recorded number. F urthermore, since 2003, the number of Shariahcompliant securities has always remained between 80% and 90% of the total securities traded on Bursa Malaysia (Yazi, Morni, & Saw, 2015). The latest list of Shariahcompliant securities is published by the SAC are Shariah on 29 November 2019 and exhibits 77% of the securities listed on Bursa Malaysia compliant, which consist of 696 securities (“List of Shariah the SAC of the SC”, 2019). Faculty of Business and Management 2020 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/47654/1/47654.pdf ID47654 Jamil, Nor Suhaira and Hassan, Hamizah (2020) Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan. In: FBM INSIGHTS Universiti Teknologi MARA Cawangan Kedah. Faculty of Business and Management, UiTM Cawangan Kedah, pp. 1-5. ISBN 2716-599X (Submitted)
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 KBP Islamic law. Sharī'ah. Fiqh
Securities. Stocks. Bonds (Islamic law). Trust investments
spellingShingle KBP Islamic law. Sharī'ah. Fiqh
Securities. Stocks. Bonds (Islamic law). Trust investments
Jamil, Nor Suhaira
Hassan, Hamizah
Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
description The history of Shariah index in Malaysia began when Kuala Lumpur Stock Exchange Shariah Index (KLSI) is launched in April 1999 in response to the increasing demands and interests in Shariahcompliant investments (Mcgowan & Muhammad, 2010). Previously, all securities are traded in Kuala Lumpur Composite Index (KLCI), until 2006, when Bursa Malaysia partnered with Financial Times Stock Exchange (FTSE) to provide a suite of indices for the Malaysian market. As a result, on 22 January 2007 and 21 May 2007 Bursa Malaysia has launched FTSE Bursa Malaysia Hijrah Shariah Index and FTSE Bursa Malaysia EMAS Shariah Ind ex respectively (“FTSE Bursa Malaysia Indices”, 2016). In Malaysia, the process of identification of Shariahcompliant securities is known as Shariah screening. It is conducted in May and November every year by the Shariah Advisory Council (SAC) of the Sec urities Commissions (SC). Since the first list of Shariahcompliant securities is introduced in 1997, the number of Shariahcompliant securities traded on Bursa Malaysia has risen from 52% in 1997 to 90% in May 2011, which is the highest recorded number. F urthermore, since 2003, the number of Shariahcompliant securities has always remained between 80% and 90% of the total securities traded on Bursa Malaysia (Yazi, Morni, & Saw, 2015). The latest list of Shariahcompliant securities is published by the SAC are Shariah on 29 November 2019 and exhibits 77% of the securities listed on Bursa Malaysia compliant, which consist of 696 securities (“List of Shariah the SAC of the SC”, 2019).
format Book Section
author Jamil, Nor Suhaira
Hassan, Hamizah
author_facet Jamil, Nor Suhaira
Hassan, Hamizah
author_sort Jamil, Nor Suhaira
title Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
title_short Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
title_full Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
title_fullStr Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
title_full_unstemmed Shariah compliant securities / Nor Suhaira Jamil and Hamizah Hassan
title_sort shariah compliant securities / nor suhaira jamil and hamizah hassan
publisher Faculty of Business and Management
publishDate 2020
url http://ir.uitm.edu.my/id/eprint/47654/1/47654.pdf
http://ir.uitm.edu.my/id/eprint/47654/
_version_ 1703963464212414464
score 13.211869

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