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Performance of Shari'ah compliant and non-Shari'ah compliant listed firms: a case study of Malaysia

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dc.contributor.authorIrum Saba
dc.contributor.authorMohamed Ariff Abdul Kareem
dc.contributor.authorMohamed Eskandar Shah Mohd Rasid
dc.date.accessioned2020-12-08T14:15:16Z
dc.date.available2020-12-08T14:15:16Z
dc.date.issued2020
dc.description.abstractShari'ah provides the basic tenets of the Islamic finance industry and advocates banks to share their profits and losses with investors. But what it means for a firm to be "Shari'ah-compliant" and what form of connections it can have, even in theory, to either the firm's value or profitability is still an untapped question. This study tries to answer this question. This study aims to find the impact of Shari'ah compliance on firm performance. The results obtained would be useful in helping investors, regulators, companies, government, academicians and practitioners in their decision-making process as to ensure better economic and business gains, both locally and globally. Panel data on 634 Shari'ah-compliant firms have been used in this study for the period of 2000-2014. The results indicate that Shari'ah compliance adds to the value of firms as firms perform transactions according to Shari'ah while avoiding non-permissible activities. This study adds value to the existing literature by showing the statistical results for the impact of Shari'ah compliance on the performance of the listed firms on Bursa Malaysia.en_US
dc.identifier.citationSaba, I., Abdul Kareem, M. A., & Mohd Rasid, M. E. S. (2021). Performance of Shari'ah compliant and non-Shari'ah compliant listed firms: a case study of Malaysia. International Journal of Islamic and Middle Eastern Finance and Management, 14(1), 128-150. http://dx.doi.org/10.1108/IMEFM-04-2019-0186en_US
dc.identifier.doihttp://dx.doi.org/10.1108/IMEFM-04-2019-0186
dc.identifier.issn1753-8394
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3324
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2020. Emerald Publishing Limited
dc.sourceSEDONA
dc.subjectMalaysiaen_US
dc.subjectIslamic financeen_US
dc.subjectShari'ah complianceen_US
dc.subjectListed companiesen_US
dc.subjectROAen_US
dc.titlePerformance of Shari'ah compliant and non-Shari'ah compliant listed firms: a case study of Malaysiaen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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