TY  - JOUR
T1  - Understanding the Screening Criteria for Shariah-Compliant Stocks
TT  - Şer’i Uyumlu Hisse Senetlerinin İzleme Kriterlerini Anlamak
AU  - Adeyemi, Idris Babatunde
AU  - Tekdoğan, Ömer Faruk
PY  - 2024
DA  - December
Y2  - 2024
DO  - 10.31679/adamakademi.1415744
JF  - Adam Academy Journal of Social Sciences
JO  - ADAM AKADEMİ
PB  - Ankara Düşünce ve Araştırma Merkezi
WT  - DergiPark
SN  - 2146-4936
SP  - 371
EP  - 395
VL  - 14
IS  - 2
LA  - en
AB  - Islamic finance operates as an alternative system meeting the investment requirements of individuals adhering to Islamic beliefs. While conventional finance prioritizes stock exchanges facilitating small-scale investments, challenges arise for Muslims investing their savings in stocks due to potential conflicts between companies' activities and revenues and religious principles. This situation prompts Islamic scholars to deliberate on the permissibility of purchasing specific company stocks. Various scholars and Shariah boards have established precise criteria for determining the permissibility of buying a company's stocks, leading to the development of indexes aimed at identifying compliant companies. Shariah-compliant stocks or companies adhere to the principles of Shariah law, governing various life aspects, including financial and economic activities. This study investigates Shariah screening methods, exploring their rationale, foundations, and potential religious influences, particularly focusing on six prominent Islamic indices. The study investigates Shariah's justifications and motives behind these methods, discussing their evaluation through different standards. Despite scholars' varying opinions and evolving methodologies, the primary objective remains consistent: to facilitate halal income for Muslim investors while maintaining Islamic ethical principles in financial practices.
KW  - Islamic Finance
KW  - Screening Methods
KW  - Shariah-compliant Stocks
KW  - Islamic Indices
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UR  - https://doi.org/10.31679/adamakademi.1415744
L1  - https://dergipark.org.tr/tr/download/article-file/3643772
ER  -