Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States
This paper focuses mainly on the Shariah screening methodologies for Shariah-Compliant firms. This paper compares the Shariah screening methodologies which are used in selected Asian countries and the United States, a ‘powerhouse’ nation. In order to include the analysis of the new benchmark introdu...
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| Format: | Article |
| Language: | English |
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Macrothink Institute
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/53902/ http://psasir.upm.edu.my/id/eprint/53902/1/Strict%20and%20uniform%20Shariah%20screening%20methodologies.pdf |
| _version_ | 1848852406448685056 |
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| author | Kasi, Umayal Muhammad, Junaina |
| author_facet | Kasi, Umayal Muhammad, Junaina |
| author_sort | Kasi, Umayal |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper focuses mainly on the Shariah screening methodologies for Shariah-Compliant firms. This paper compares the Shariah screening methodologies which are used in selected Asian countries and the United States, a ‘powerhouse’ nation. In order to include the analysis of the new benchmark introduced in Malaysia as part of this study, the timeline used in this paper is from November 2013 until November 2014. It can be found that there are similarities and differences between the various Shariah screening methodologies in all the 5 countries, in terms of feasibility, duration, economic viability and fund requirements. It also appears that the Shariah screening methodologies implied in the United States is far more stringent than those implied in the selected Asian countries. On the whole, the results point towards the possibility of generalising the implementation of strict and uniform Shariah screening methodologies within all the country-specific Shariah Indices amongst Muslim nations, globally. |
| first_indexed | 2025-11-15T10:37:34Z |
| format | Article |
| id | upm-53902 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T10:37:34Z |
| publishDate | 2016 |
| publisher | Macrothink Institute |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-539022018-02-21T01:55:51Z http://psasir.upm.edu.my/id/eprint/53902/ Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States Kasi, Umayal Muhammad, Junaina This paper focuses mainly on the Shariah screening methodologies for Shariah-Compliant firms. This paper compares the Shariah screening methodologies which are used in selected Asian countries and the United States, a ‘powerhouse’ nation. In order to include the analysis of the new benchmark introduced in Malaysia as part of this study, the timeline used in this paper is from November 2013 until November 2014. It can be found that there are similarities and differences between the various Shariah screening methodologies in all the 5 countries, in terms of feasibility, duration, economic viability and fund requirements. It also appears that the Shariah screening methodologies implied in the United States is far more stringent than those implied in the selected Asian countries. On the whole, the results point towards the possibility of generalising the implementation of strict and uniform Shariah screening methodologies within all the country-specific Shariah Indices amongst Muslim nations, globally. Macrothink Institute 2016 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/53902/1/Strict%20and%20uniform%20Shariah%20screening%20methodologies.pdf Kasi, Umayal and Muhammad, Junaina (2016) Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States. Asian Journal of Finance and Accounting, 8 (1). pp. 38-57. ISSN 1946-052X http://www.macrothink.org/journal/index.php/ajfa/article/view/8410 Asian countries; New benchmark; Screening methodologies; Shariah financing; United States 10.5296/ajfa.v8i1.8410 |
| spellingShingle | Asian countries; New benchmark; Screening methodologies; Shariah financing; United States Kasi, Umayal Muhammad, Junaina Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title | Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title_full | Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title_fullStr | Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title_full_unstemmed | Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title_short | Strict and uniform Shariah screening methodologies in selected Asian countries in comparison with the United States |
| title_sort | strict and uniform shariah screening methodologies in selected asian countries in comparison with the united states |
| topic | Asian countries; New benchmark; Screening methodologies; Shariah financing; United States |
| url | http://psasir.upm.edu.my/id/eprint/53902/ http://psasir.upm.edu.my/id/eprint/53902/ http://psasir.upm.edu.my/id/eprint/53902/ http://psasir.upm.edu.my/id/eprint/53902/1/Strict%20and%20uniform%20Shariah%20screening%20methodologies.pdf |