Applying Sustainability and Responsible Investment on Islamic Equity Investment: An Analysis of FTSE Shariah and FTSE4GOOD Indices
Rizki, Reza 2015. Applying Sustainability and Responsible Investment on Islamic Equity Investment: An Analysis of FTSE Shariah and FTSE4GOOD Indices. Masters Thesis University of East London Royal Docks Business School
2015 dissertation for MSc Islamic Banking and Finance. Selected by academic staff as a good example of a masters level dissertation.
Shariah-compliant Investment and Sustainability Responsible Investment (SRI) are the slternative asset classes and they are growing rapidly leaving their counterparts behind. Nonetheless, there are some criticisms against the screening criteria which are applied by Islamic equity investment because they exclude the environment, social and human rights issues that are also important beside the prohibition of riba, gharar, alcohol, and so on which are already applied to them. The purpose of this dissertation is to investigate the performance of the Islamic equity or Shariah-compliant Investments after incorporating positive screened stocks from ethical or Sustainability Responsible Investment (SRI) and eliminate the constituents that do not meet those criteria. Using the Security Market Line of Capital Asset Pricing Model (CAPM) and use the traditional adjusted return model like Treynor Index (1995), Jensen Alpha, and Sharpe Index (1964), I hope the result will make a contribution to the Shariah debate on screening and assist investors who are interested in Islmaic Equity Investment.
|12 May 2015|
|Publication process dates|
|Deposited||22 Jun 2015|
|Accepted||12 May 2015|
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