Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework
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,...
| Main Authors: | , , , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf |
| _version_ | 1848785407544655872 |
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| author | Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino |
| author_facet | Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino |
| author_sort | Sheikh Idris, Moizer |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T16:52:39Z |
| format | Proceeding Paper |
| id | iium-59959 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:52:39Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-599592017-12-13T02:12:18Z http://irep.iium.edu.my/59959/ Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance. 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. 2017-05-02 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf application/pdf en http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf 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) http://www.iium.edu.my/iiibf/international-islamic-fund-wealth-management-forum-iifwmf |
| spellingShingle | BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance. Sheikh Idris, Moizer Haron, Razali Che Embi, Nor Azizan Hamdan, Hamdino Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title | Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title_full | Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title_fullStr | Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title_full_unstemmed | Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title_short | Performance of ESG versus Shariah compliant firms in Malaysia. A conceptual framework |
| title_sort | performance of esg versus shariah compliant firms in malaysia. a conceptual framework |
| topic | BP173.75 Islam and economics HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/ http://irep.iium.edu.my/59959/1/IIFWMF-3.pdf http://irep.iium.edu.my/59959/2/IIFWMF-3P.pdf |