Year
2020
Country
Qatar
Language
English
Abstract
| Islamic wealth managers make investments after filtering investment opportunities using Shariah screening methodology. The first ever shariah screening process was developed by Dow Jones in 1999. Even after 20 years, the rules for shariah screening remains almost the same. All the rules are designed to minimise involvement of Islamic wealth managers into activities which are prohibited in Islam such as Riba, Gharar and Maysir, etc. Islamic Funds size over the last two decades has reached about $68 billion. On the other hand, ESG which is an off shoot of Socially Responsible Investment (SRI) was first introduced in 2005 in a landmark study entitled “Who Cares Wins” and has since reached an estimated size of over $20 trillion. SRI too began with negative screening but built on its experience and moved to add positive screening too. Today ESG is a movement with thousands of “ESG Analyst” and a benchmark for corporate governance. This paper will look at the process of ESG Analysis and how Corporate Governance Scorecards are prepared and make an attempt to gain insights that can help improve Shariah screening process by adding positive filters. |
English
City
CIS minaretein
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CIS Program Old
CIS publications
No
CIS Thesis
No