Stock market screening: An analogical study on conventional and shariah-compliant stock markets

enchmarking Shariah-Compliant stocks listed in Bursa Malaysia, this paper examined whether the stocks which are approved by SACSC are also considered as Shariah-Compliant under International Indices. 35 top Shariah-Compliant stocks listed in Bursa Malaysia were examined against four stock screening...

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Main Authors:	Zandi, Gholamreza Reza, Abdul Razak, Dzuljastri, Hussin, Nur Hidayah
Format:	Article
Language:	English English
Published:	Canadian Center of Science and Education 2014
Subjects:	HG Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/1/58526_Stock%20Market%20Screening_article.pdf http://irep.iium.edu.my/58526/2/58526_Stock%20Market%20Screening_scopus.pdf

id	iium-58526
recordtype	eprints
spelling	iium-585262017-09-26T03:28:31Z http://irep.iium.edu.my/58526/ Stock market screening: An analogical study on conventional and shariah-compliant stock markets Zandi, Gholamreza Reza Abdul Razak, Dzuljastri Hussin, Nur Hidayah HG Finance HG4001 Financial management. Business finance. Corporation finance. enchmarking Shariah-Compliant stocks listed in Bursa Malaysia, this paper examined whether the stocks which are approved by SACSC are also considered as Shariah-Compliant under International Indices. 35 top Shariah-Compliant stocks listed in Bursa Malaysia were examined against four stock screening criteria of DJIM, MSCI, FTSE and S&P. Due to the differences in stock screening criteria, the factors evaluated that lead to variances in Shariah-Compliant status for a particular stock. The results from the test indicate that Shariah-Compliant stocks listed in Bursa Malaysia are not necessarily Shariah-Compliant stocks in the four Indices of DJIM, MSCI, FTSE and S&P. The high debt and low market capitalization are the main factors of dropping the Malaysian Shariah-Compliant stocks by the four Indices. The three stages of screening which carry the most Islamic stock screening process include screening on industry, income statement and balance sheet. Canadian Center of Science and Education 2014-10 Article PeerReviewed application/pdf en http://irep.iium.edu.my/58526/1/58526_Stock%20Market%20Screening_article.pdf application/pdf en http://irep.iium.edu.my/58526/2/58526_Stock%20Market%20Screening_scopus.pdf Zandi, Gholamreza Reza and Abdul Razak, Dzuljastri and Hussin, Nur Hidayah (2014) Stock market screening: An analogical study on conventional and shariah-compliant stock markets. Asian Social Science, 10 (22). pp. 270-279. ISSN 1911-2017 E-ISSN 1911-2025 http://www.ccsenet.org/journal/index.php/ass/article/view/41746/22887 10.5539/ass.v10n22p270
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG Finance HG4001 Financial management. Business finance. Corporation finance. Zandi, Gholamreza Reza Abdul Razak, Dzuljastri Hussin, Nur Hidayah Stock market screening: An analogical study on conventional and shariah-compliant stock markets
description	enchmarking Shariah-Compliant stocks listed in Bursa Malaysia, this paper examined whether the stocks which are approved by SACSC are also considered as Shariah-Compliant under International Indices. 35 top Shariah-Compliant stocks listed in Bursa Malaysia were examined against four stock screening criteria of DJIM, MSCI, FTSE and S&P. Due to the differences in stock screening criteria, the factors evaluated that lead to variances in Shariah-Compliant status for a particular stock. The results from the test indicate that Shariah-Compliant stocks listed in Bursa Malaysia are not necessarily Shariah-Compliant stocks in the four Indices of DJIM, MSCI, FTSE and S&P. The high debt and low market capitalization are the main factors of dropping the Malaysian Shariah-Compliant stocks by the four Indices. The three stages of screening which carry the most Islamic stock screening process include screening on industry, income statement and balance sheet.
format	Article
author	Zandi, Gholamreza Reza Abdul Razak, Dzuljastri Hussin, Nur Hidayah
author_facet	Zandi, Gholamreza Reza Abdul Razak, Dzuljastri Hussin, Nur Hidayah
author_sort	Zandi, Gholamreza Reza
title	Stock market screening: An analogical study on conventional and shariah-compliant stock markets
title_short	Stock market screening: An analogical study on conventional and shariah-compliant stock markets
title_full	Stock market screening: An analogical study on conventional and shariah-compliant stock markets
title_fullStr	Stock market screening: An analogical study on conventional and shariah-compliant stock markets
title_full_unstemmed	Stock market screening: An analogical study on conventional and shariah-compliant stock markets
title_sort	stock market screening: an analogical study on conventional and shariah-compliant stock markets
publisher	Canadian Center of Science and Education
publishDate	2014
url	http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/ http://irep.iium.edu.my/58526/1/58526_Stock%20Market%20Screening_article.pdf http://irep.iium.edu.my/58526/2/58526_Stock%20Market%20Screening_scopus.pdf
first_indexed	2023-09-18T21:22:46Z
last_indexed	2023-09-18T21:22:46Z
_version_	1777411991833411584

Stock market screening: An analogical study on conventional and shariah-compliant stock markets

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