• or
    Login
    New user? Click here to register.Have you forgotten your password?
  • Communities & Collections
  • Browse
  • Statistics
  • or
    Login
    New user? Click here to register.Have you forgotten your password?
  1. Home
  2. Browse by Author

Browse

  • Communities & Collections
  • Year
  • Authors
  • Titles
  • Topics

Author profile

  • Aishath Muneeza (275)
  • Baharom Abdul Hamid (127)
  • Shamsher Mohamad Ramadili Mohd (124)
  • Mansor H. Ibrahim (104)
  • Zulkarnain Muhamad Sori (94)

Topics

  • Conventional finance (15)
  • Islamic banking (13)
  • Islamic capital markets (11)
  • Islamic finance (6)
  • Sukuk (4)
  1. Home
  2. Browse by Author

Browse by Author "Rizwan Malik"

Jump to:

  • 0-9
  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z

or enter first few letters:

Now showing 1 - 1 of 1
Results Per Page
Sort Options
  • Loading...
    Thumbnail Image
    Publication
    Reforms required for shariah screening of equities using the case study of Dow Jones Islamic Market Index (DJIMI)
    Rizwan Malik; Humayon Dar; Aishath Muneeza (Emerald Publishing Limited., 2025)

    Purpose There is no uniform methodology adopted worldwide for Shariah equity screening. The purpose of this research paper is to suggest reforms required to improve Shariah screening methodologies used for equities using Dow Jones Islamic Market Index, which is the world’s first such methodology adopted. Design/methodology/approach This research uses a qualitative research methodology that goes beyond analysing secondary data on the subject matter. It includes conducting semi-structured interviews with selected subject matter experts to gain insights into the practical issues associated with existing Shariah screening methodologies. The aim is to identify areas for potential reforms that can be implemented in the future. By combining secondary data analysis with first-hand perspectives from experts, this research provides a comprehensive understanding of the challenges and opportunities in Shariah screening, contributing to the development of practical and effective reforms. Findings The study recommends the inclusion of additional filters in Shariah screening methodologies to promote stocks that are not only Shariah-compliant but also socially responsible. It suggests that while a certain level of Shariah non-compliance threshold may be tolerated during the initial screening stage, over time, this accepted threshold should gradually decrease. The ultimate goal is to achieve 0% thresholds for Shariah-compliant equities. By advocating for stricter criteria and a progressive reduction in non-compliance tolerance, the study highlights the importance of continuously improving and refining Shariah screening practices to ensure higher levels of compliance and alignment with Shariah principles. Originality/value It is anticipated that the findings of this research provides original insights and contributions to existing knowledge. It offers novel perspectives, innovative approaches and solutions to address specific areas in need of reform. By focusing on enhancing the effectiveness and standardisation of Shariah-compliant investment practices, the research brings fresh perspectives and adds value to the field. Its unique contribution lies in identifying and addressing emerging challenges and proposing improvements in Shariah screening methodologies.

Abstract View

2668644

View & Download

186332

  • About us
  • Policy
  • FAQ