Should Islamic investors consider SRI criteria in their investment strategies?

Erragraguy, Elias; Revelli, Christophe

doi:10.1016/j.frl.2015.07.003

Cited by 46 publications

(25 citation statements)

References 27 publications

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“…Erragraguy and Revelli () compared the impact of Islamic decisions with mainstream ESG screens and considered integrating the two paradigms. Although there were consistent results from the application of both Islamic and mainstream ESG screens, they identified performance improvements by adding governance criteria to Islamic screens.…”

Section: Emerging Themesmentioning

confidence: 99%

Emerging new themes in environmental, social and governance investing: a systematic literature review

Daugaard

2019

Accounting & Finance

188

124

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Environmental, social and governance (ESG) investing is a large and influential industry. Its activities could be illuminated, appraised and improved by academic research. Unfortunately, research to date has focused on measuring return performance. A wider range of topics is necessary before research can properly inform investors, companies and regulators. This paper contributes to the challenge by systematically exploring the literature to reveal a richer array of topics: the heterogeneous nature of ESG investing, its costs and motivations, and its management literature origins. In addition to these established topics, five emerging themes are identified: the human element, climate change, fund flows, fixed income and the rise of non-Western players.

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Section: Emerging Themesmentioning

confidence: 99%

Emerging new themes in environmental, social and governance investing: a systematic literature review

Daugaard

2019

Accounting & Finance

188

124

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“…To the best of the researchers' knowledge, no studies have empirically examined the impact of social justice on society in banking and finance and for conventional or SCIFs. Thus, this study depends to some extent on SRI literature, as there is a lot of synergy between SCIFs and SRI (see Ghoul & Karam, 2007;Rigobert et al, 2012;Erragraguy & Revelli, 2015). Despite SCIFs being based on divine law, that is perpetual and absolute, and SRI based on human ethical judgment, that may change over time (Hayat & Kraeussl, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

“…This is because the investments are focused on returns instead of focusing on social welfare, humankind, the community, and the environment. In fact, research also finds that social justice incorporating Environmental, Social and Governance (ESG) investment strategies often outperform comparable non-ESG strategies (see Clark et al, 2015;Erragraguy & Revelli, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Content Analysis of Shariah-Compliant Investment Equity Funds in KSA: Does Social Justice Matter?

Alotaibi¹,

Hariri²

2020

IJBM

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This paper examines the influence of capitalism and globalisation on the role of Shariah-Compliant Investment Funds (SCIFs) in promoting social justice in the Kingdom of Saudi Arabia (KSA) using content analysis method. This is to analyse the Terms and Conditions (T&C) of SCIFs as they appear in Tadawul (Saudi stock market) in 2019 and compared with the findings in 2013. This research critically evaluates the findings of the content analysis through aspects of globalization and insights from the literature review. The content analysis shows that SCIFs in KSA are disjointed and decoupled from Islamic principles and do not fulfil the ideal social justice role in society.

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“…Différentes raisons peuvent expliquer que pour certains (par exemple : Erragragui et Revelli, 2015), les pratiques actuelles de l'ISR trouvent écho dans les fondements éthiques de l'ICC . Premièrement, à l'image du cadre théologique qui borne les pratiques de l'investissement islamique, l'histoire de l'ISR est marquée par l'influence de congrégations religieuses .…”

Section: Résumé De L'articleunclassified

L’investissement conforme à la Charia est-il socialement responsable ?

Desbrières

Erragragui

Peillex

2019

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Tous droits réservés © Management international / International Management / Gestión Internacional, 2018 Ce document est protégé par la loi sur le droit d'auteur. L'utilisation des services d'Érudit (y compris la reproduction) est assujettie à sa politique d'utilisation que vous pouvez consulter en ligne. https://apropos.erudit.org/fr/usagers/politique-dutilisation/ Cet article est diffusé et préservé par Érudit.Érudit est un consortium interuniversitaire sans but lucratif composé de l

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Should Islamic investors consider SRI criteria in their investment strategies?

Cited by 46 publications

References 27 publications

Emerging new themes in environmental, social and governance investing: a systematic literature review

Emerging new themes in environmental, social and governance investing: a systematic literature review

Content Analysis of Shariah-Compliant Investment Equity Funds in KSA: Does Social Justice Matter?

L’investissement conforme à la Charia est-il socialement responsable ?

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