Shariah-compliant equities and Shariah screening: need for convergence of ethical screening of stocks with Shariah screening

Tauhidul Tanin, Abu Umar Faruq Ahmad and Aishath Muneeza

International Journal of Emerging Markets, 2021, vol. 18, issue 2, 296-315

Abstract: Purpose - This study explores the practical application of the Shariah screening process and how it could be enhanced by converging the same with the ethical screening of stocks. Design/methodology/approach - This study adopts a qualitative research methodology by combining the qualitative descriptive approach and content analysis. Findings - The findings of this research suggest that there is scope to converge ethical screening of stocks with Shariah Screening as thelex lociapplicable to Shariah screening is derived from Shariah, which considers ethics as part of determining its rules. Practical implications - The data from this study reveal several practical applications, the ultimate goal of which is to help the policymakers and stakeholders understand the relevance of the Shariah screening of stocks and get a streamlined screening process, paving the way to enhance the same using ethical screening criteria to develop its function to become much more relevant irrespective of the denomination of faiths. Originality/value - This is original research, which is expected to contribute to understanding the extent to which Shariah screening can be enhanced by integrating the ethical stock screening dimension to it.

Keywords: Ethical screening; Shariah screening; Shariah-compliant equities; Islamic stocks; Whitelisted companies; F21; F65; G11; G24; P33 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:ijoemp:ijoem-09-2020-1041

DOI: 10.1108/IJOEM-09-2020-1041

Access Statistics for this article

International Journal of Emerging Markets is currently edited by Prof Ilan Alon

More articles in International Journal of Emerging Markets from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().