Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States

This study aims to find out and understand how the sharia stock screening model applies in Indonesia, Malaysia, and the United States and find a harmonization solution. The method used in this study is descriptive-qualitative through a literature study approach. Research data was obtained from vario...

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Main Authors: Eva Nurul Huda, Priyonggo Suseno
Format: Article
Language:English
Published: UIN Maulana Malik Ibrahim Malang 2023-06-01
Series:Maliki Islamic Economics Journal
Subjects:
Online Access:https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/19808
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author Eva Nurul Huda
Priyonggo Suseno
author_facet Eva Nurul Huda
Priyonggo Suseno
author_sort Eva Nurul Huda
collection DOAJ
description This study aims to find out and understand how the sharia stock screening model applies in Indonesia, Malaysia, and the United States and find a harmonization solution. The method used in this study is descriptive-qualitative through a literature study approach. Research data was obtained from various sources both online and offline, such as journal articles, books, and websites related to the screening of Sharia-compliant stocks, to be further analyzed using the content analysis method. The results show that there are differences in the screening criteria for sharia stocks on the Indonesian Stock Exchange, the Malaysian Stock Exchange, and the American Stock Exchange, both qualitatively and quantitatively. This difference is seen as a natural thing in Islamic teachings because it is in the realm of muamalah fiqh, which of course is adapted to the conditions of the people of each country. However, it is necessary to consider generalizing the implementation of strict and uniform sharia stock screening in order to increase understanding, interaction, and economic cooperation among Muslim countries at the global level.
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institution Kabale University
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language English
publishDate 2023-06-01
publisher UIN Maulana Malik Ibrahim Malang
record_format Article
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spelling doaj-art-e48eb6d858dc47db9a544e567bc8b7be2024-12-29T10:48:34ZengUIN Maulana Malik Ibrahim MalangMaliki Islamic Economics Journal2798-03832797-81252023-06-013111810.18860/miec.v3i1.198087060Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United StatesEva Nurul Huda0Priyonggo Suseno1Universitas Islam IndonesiaUniversitas Islam IndonesiaThis study aims to find out and understand how the sharia stock screening model applies in Indonesia, Malaysia, and the United States and find a harmonization solution. The method used in this study is descriptive-qualitative through a literature study approach. Research data was obtained from various sources both online and offline, such as journal articles, books, and websites related to the screening of Sharia-compliant stocks, to be further analyzed using the content analysis method. The results show that there are differences in the screening criteria for sharia stocks on the Indonesian Stock Exchange, the Malaysian Stock Exchange, and the American Stock Exchange, both qualitatively and quantitatively. This difference is seen as a natural thing in Islamic teachings because it is in the realm of muamalah fiqh, which of course is adapted to the conditions of the people of each country. However, it is necessary to consider generalizing the implementation of strict and uniform sharia stock screening in order to increase understanding, interaction, and economic cooperation among Muslim countries at the global level.https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/19808comparative studystock screeningsharia stockssharia compliance.
spellingShingle Eva Nurul Huda
Priyonggo Suseno
Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
Maliki Islamic Economics Journal
comparative study
stock screening
sharia stocks
sharia compliance.
title Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
title_full Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
title_fullStr Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
title_full_unstemmed Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
title_short Comparative Analysis of Sharia Stock Screening Methods in Indonesia, Malaysia, and the United States
title_sort comparative analysis of sharia stock screening methods in indonesia malaysia and the united states
topic comparative study
stock screening
sharia stocks
sharia compliance.
url https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/19808
work_keys_str_mv AT evanurulhuda comparativeanalysisofshariastockscreeningmethodsinindonesiamalaysiaandtheunitedstates
AT priyonggosuseno comparativeanalysisofshariastockscreeningmethodsinindonesiamalaysiaandtheunitedstates