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Criteria for determining the Shari'ah compliance of shares: a fiqhi synthesis

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dc.contributor.authorShamsiah Mohamad
dc.contributor.authorFarrukh Habib
dc.contributor.authorKinan Salim
dc.date.accessioned2020-01-17T11:18:46Z
dc.date.available2020-01-17T11:18:46Z
dc.date.issued2018
dc.description.abstractShari'ah has specific rules for dealing in each class of assets and activities; i.e., cash, debt, goods, usufruct, and those classified as either halal (permissible) or haram (impermissible). These rulings can be easily applied when such an asset or activity is an independent subject matter of a transaction. However, the issue becomes complicated when an asset or activity is mixed with others and the combination is represented as a single subject matter. A fine example of this situation is shares of a joint stock company. A company share represents all the activities and underlying assets of that company. Some of the activities and assets of that company may be Shari'ah non-compliant while some may be Shari'ah compliant. Such assets can be in any form; i.e., cash, debt, goods, usufruct or rights. There are two main issues that need to be dealt with in considering a company's shares: (1) when it represents a mixture of halal and haram activities and assets, and (2) when it represents a mixture of ribawi and non-ribawi assets.en_US
dc.identifier.citationMohamad, S., Habib, F., & Salim, K. (2018). Criteria for determining the Shari'ah compliance of shares: a fiqhi synthesis, ISRA Research Paper 104/2018. Kuala Lumpur, Malaysia: ISRA.en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3135
dc.languageEnglish
dc.language.isoengen_US
dc.publisherISRAen_US
dc.rights2018. ISRA
dc.sourceSEDONA
dc.subjectShari'ah-compliant sharesen_US
dc.subjectScreening methodologyen_US
dc.subjectPrinciple of predominanceen_US
dc.subjectPrinciple of majorityen_US
dc.subjectPrinciple of primacy and dependencyen_US
dc.titleCriteria for determining the Shari'ah compliance of shares: a fiqhi synthesisen_US
dc.typeResearch Monographen_US
dlc.maintopicFiqh muamalaten_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicFiqh muamalaten_US
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relation.isAuthorOfPublication.latestForDiscovery10a8c75a-02bf-4122-a23c-40d4ef3b59b3
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