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Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study

Mohd Nor, Ahmad Mawardi and Md. Sawari, Mohd. Fuad (2017) Shariah screening methodology of Securities Commission Malaysia: an analytical fiqh study. IIUM Press, International Islamic University Malaysia, Kuala Lumpur, Malaysia. ISBN 978-967-418-552-7

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Abstract

Shariah Screening Methodology is a benchmark adopted by Securities Commission Malaysia in order to identify which listed companies are Shariah compliant. Historically, Shariah Screening Methodology of SC has gone several revisions, of which the latest methodology was revised in November 2013. The study intends to find what was being revised and the reasons behind this revision. In addition, it reviews the differences between the SC benchmark and other international benchmarks formulated by AAOIFI, Dow Jones and FTSE benchmark. This research discusses the opinions of Muslim scholars on the issue of companies with mixed income and the need for purification of the said income. Furthermore, this study identifies the Shariah rules and principles used by Securities Commission to develop and revise the benchmark. The study concludes that the Securities Commission’s Shariah Screening Methodology is the least stringent among other international benchmarks studied, but it still is an acceptable benchmark.

Item Type: Book
Additional Information: 1469/62000
Uncontrolled Keywords: Shariah screening, Securities Commission, Malaysia
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP100 Sacred books > BP140 Islamic law (Fiqh)
K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Islamic Revealed Knowledge and Human Sciences
Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User: Dr Mohd. Fuad Md. Sawari
Date Deposited: 29 Aug 2018 10:29
Last Modified: 29 Aug 2018 14:57
URI: http://irep.iium.edu.my/id/eprint/62000

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