Publication:
Harnessing the power of the stock market for social good: establishing an Islamic social stock exchange in Malaysia
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Date
2024
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Abstract
This research investigates the feasibility and implications of introducing an Islamic Social Stock Exchange (SSE) in Malaysia by drawing insights from global SSE frameworks. The objectives of the research are to: analyze the concept and framework of SSEs in the United Kingdom, Spain, Singapore, and Canada; identify the benefits and impact of SSEs on social and economic development; study the possible challenges in introducing an Islamic SSE in Malaysia; and explore the public's appetite and motives to invest in such an exchange. Employing qualitative research methods, such as literature reviews, surveys, and interviews, the study unveils a spectrum of SSE frameworks, highlighting their diverse positive impacts on social and economic development. Simultaneously, challenges emerge in the realms of Shariah compliance, listing fees, and public awareness. The findings not only underscore the practical significance of these insights but also emphasize their pivotal role in shaping the potential development of an Islamic SSE in Malaysia. This research contributes to enriching shared understanding of global SSE practices, fostering progress in Malaysia's social, economic, and environmental spheres.
Keywords
Social stock exchange , Islamic finance , Social enterprise , Islamic social stock exchange
Citation
Syed Mohamed Noor Azmi, S. N. A. J., & Muneeza, A. (2024). Harnessing the power of the stock market for social good: establishing an Islamic social stock exchange in Malaysia. International Journal of Management and Applied Research, 11(1), 1-17. https://doi.org/10.18646/2056.111.24-001
Publisher
New Millennium Discoveries
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