Syariah accounting and compliant screening practices

Abstract

Purpose

The purpose of this paper is to focus on the syariah compliant screening methods that are practiced by prominent Islamic finance users, in terms of qualitative and quantitative screening.

Design/methodology/approach

This research uses comparative analysis to recognize the similarities and differences of methods among 15 users.

Findings

Analysis reveals that there is a need to set the universal standards, not only for the investors but also to discourage the misunderstanding between investors and scholars. After analysis of qualitative and quantitative screening, recommendations for both methods have been made for the shariah compliant board and users.

Originality/value

The paper is useful for Islamic finance users, as well from the academic point of view and is new and unique in its nature.

Citation

Soke Fun Ho, C., Masood, O., Abdul Rehman, A. and Bellalah, M. (2012), "Syariah accounting and compliant screening practices", Qualitative Research in Financial Markets, Vol. 4 No. 2/3, pp. 240-254. https://doi.org/10.1108/17554171211252556