Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework

Sheikh Idris, Moizer and Haron, Razali and Che Embi, Nor Azizan and Hamdan, Hamdino (2017) Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework. In: International Islamic Fund and Wealth Management FORUM (IIFWMF), 2nd-3rd May 2017, Kuala Lumpur. (Unpublished)

	PDF (2nd May, 3.00-3.15pm) - Supplemental Material Restricted to Repository staff only Download (503kB) | Request a copy
	PDF - Submitted Version Restricted to Repository staff only Download (335kB) | Request a copy

Abstract

Shariah screening is a well-established concept in the Malaysian Equity Market; in fact Malaysia is considered one of the global leaders of Shariah compliant equity market. A new drive for the adoption of sustainable investment has materialized in Malaysia, through the introduction of Environmental, Social, and Governance (ESG) compliance index (FTSE4GOOD) in 2014. Shariah compliant investment and ESG has a common role of promoting responsible investing. However, there has been a lack of transfer between ESG & Shariah screening factors. Therefore, the aim of this paper is to investigate the available literature through content analysis technique, to identify the effect of ESG compliance on firm performance, and to determine the factors affecting firm performance. Thus, by understanding the importance of ESG towards firm’s performance, this will enable a smoother transfer between ESG and Shariah screening principles within the Malaysian equity market. Among the main factors that affect firm performance represented by profitability are firm’s size, age, leverage, capital structure, and liquidity.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	4581/59959
Uncontrolled Keywords:	ESG, Shariah compliant stocks, Malaysia equity market
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF) Kulliyyah of Economics and Management Sciences
Depositing User:	Dr. Razali Haron
Date Deposited:	13 Dec 2017 10:12
Last Modified:	13 Dec 2017 10:12
URI:	http://irep.iium.edu.my/id/eprint/59959

Actions (login required)

View Item