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A Review of the History and Existing Practices of the Shari’a Screening

In: Shari'a Compliant Equity Investments

Author

Listed:
  • Rizwan Malik

    (Bahrain Institute of Banking and Finance)

Abstract

This chapter delves into the historical development and current practices of Shari’a-compliant equity screening methodologies. By analysing interviews with Shari’a scholars and industry experts, the chapter sheds light on the motivations behind the creation of these methodologies and how they have evolved. Key themes explored include the impact of fatwas on Islamic investment practices, the challenges of screening companies involved in mixed activities, and the rationale behind the use of specific thresholds for financial ratios. The chapter also examines the ongoing debate about incorporating socially responsible investment (SRI) principles into Shari’a screening and explores potential future enhancements to these methodologies in the light of developments within the Islamic finance industry (IBF). This in-depth analysis provides valuable insights for researchers and practitioners interested in understanding the complexities of Shari’a-compliant equity screening. It paves the way for further discussion and innovation in this dynamic field.

Suggested Citation

  • Rizwan Malik, 2024. "A Review of the History and Existing Practices of the Shari’a Screening," Springer Books, in: Shari'a Compliant Equity Investments, chapter 0, pages 121-192, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-70822-0_5
    DOI: 10.1007/978-3-031-70822-0_5
    as

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