Shariah Screening Process in Islamic Capital Market
Shariah Screening Process in Islamic Capital Market
Shariah Screening Process in Islamic Capital Market
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<strong>Shariah</strong>-compliant securities broaden <strong>in</strong>vestment<br />
opportunities<br />
• Participation by Muslim <strong>in</strong>vestors was m<strong>in</strong>imal <strong>in</strong> 1970s<br />
• Insufficient guidance on securities that can be traded<br />
(<strong>Shariah</strong>)<br />
• Listed companies <strong>in</strong>volve <strong>in</strong> various bus<strong>in</strong>ess activities (halal<br />
& haram)<br />
• The scenario had limited the participation of Muslims <strong>in</strong><br />
economic activities<br />
• Lost of opportunity (<strong>in</strong> the early 1990s) <strong>in</strong> terms of capital<br />
ga<strong>in</strong> while there was a significant <strong>in</strong>crease <strong>in</strong> the number of<br />
companies listed on the stock exchange<br />
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