This book addresses two main areas of Islamic finance. It examines the historical development of Shari'a screening methodologies to date and investigates how the existing Shari'a screening methodologies can be enhanced for the benefit of the Islamic banking and finance (IBF) industry. A qualitative analysis and a statistical technique of exploratory factor analysis (EFA) is carried out to offer a 360-degree view of Shari'a compliant equity investments, which will be of interest to Islamic finance and ethical investment scholars, students, and practitioners. Rizwan Malik has more than 14 years of experience in investment allocation, standards-setting, advisory, capacity building, research, strategy, and business development. Presently, he heads the Islamic Finance Centre at the Bahrain Institute of Banking and Finance (BIBF). Prior to this role, he was the Executive Director of Standards Implementation and Strategic Developments at the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) - global Islamic finance standards-setter within the Islamic finance industry. He is also a member of the Waqf Fund of the Central Bank of Bahrain and have been part of working groups of select standards issued by AAOIFI and IFSB.
Shari'a Compliant Equity Investments : The Development and Benefits of Shari'a Screening Methodologies