Tuesday, 17 September 2013

Shariah Stock Screening


1) The objective of shariah stock screening is to identify which stock in stock exchange are shariah compliant and shariah non-compliant.

2) From shariah stock screening, stock brokers can identified which stock are shariah compliant and shariah non-compliant, thus will avoiding them from invest in shariah non-compliant stock.

3) The obligation on having a Shariah stock screening is derived from the Shariah principle that Muslims should not take part in an activity that forbidden in Islam. Nowadays, there are various screening methodology developed and approved by the renowned Islamic scholars, like from Dow Jones Islamic Market Index (DJIMI), Security Commisssion of Malaysia (SC), Standard & Poor (S&P), and others.

Here're some referrences that can make you more understand about Shariah stock screening:



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