Shariah Screening Process in Islamic Capital Market

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Mixed Companies Benchmark Classical scholars discussed on to what extent non-Shariah compliant activities are allowed It must be minimum and at tolerable level Benchmark 20
Specific benchmarks are established To assess the level of mixed contributions from the activities that involve the element of umum balwa which is prohibited element affecting most people and difficult to avoid e.g interest income from fixed deposits in conventional banks and tobacco related activities 10% 5% Benchmarks 20% 25% To asses the level of contribution of mixed rentals from Shariah non-compliant activities, such as rental income from premises used for supermarket which sales liquor, etc. To asses the level of mixed contributions from the activities that are generally permissible according to Shariah and have an element of maslahah to the public, but there are other elements that may affect the Shariah status of these activities e.g hotel and resort operations, share trading and stockbroking 21
Page 1 and 2: IFSB Seminar on Islamic Capital Mar
Page 3 and 4: Why capital market Equity Bonds Der
Page 5 and 6: Availability of Shariah-compliant s
Page 7 and 8: Shariah-compliant securities broade
Page 9 and 10: Shariah compliance review is perfor
Page 11 and 12: Approach and methodology Importance
Page 13 and 14: Modern business and corporation Mod
Page 15 and 16: SC’s SAC Shariah methodology and
Page 17 and 18: Shariah compliance review criteria
Page 19: Mixed companies benchmark Muslims a
Page 23 and 24: Case study: Hypermart Bhd* Principa
Page 25 and 26: Shariah guidance on investment in n
Page 27 and 28: Example Investment Cost (2 January)
Page 29 and 30: Sample List of Shariah-compliant se
Page 31 and 32: Development & initiative for screen
Page 33 and 34: FBM Hijrah Shariah Index Design (Tr
Page 35 and 36: As a result Islamic capital market
Page 37 and 38: List of Shariah-compliant stocks as
Page 39 and 40: QUESTION?

Shariah Screening Process in Islamic Capital Market

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