Examining preference shares from the Shari’ah perspective: a systematic literature review

Abstract

Purpose This paper focuses on the different Shari’ah resolutions on preference shares. This study aims to provide a systematic review to cover all authentic, peer-reviewed literature on this issue between the years 2001 and 2020. Design/methodology/approach This library research combines, compares and contrasts the discussions and the results of all these papers besides the opinions and discussions of some renowned scholars in the field. Findings The aim of this paper was met as every research during that period was included and scrutinized which resulted in a comprehensive knowledge about the presence shares. Research limitations/implications One of the limitations was the limited research on the Shari’ah issues in preference shares as a regulatory capital that meets Basel III accords. Originality/value This paper will be the reference for any researcher who wants to add value on this issue and to start from where researchers ended.