Will Getting Shariah-Compliant Stocks Has a Salient Impact on Consumer Industry in Malaysia

Hazudin, Siti Fahazarina; Jaafar, Norlida; Hamidon, Anis Noor Amiera

doi:10.1166/asl.2017.9495

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Relationship Of Supervision and Performance1

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“…This is corroborated by evidence that Sharia status can attract the investors' attention when the firm conducts an initial public offering (IPO) (Tajuddin et al, 2018(Tajuddin et al, , 2019. There is even an improved performance level when a firm is accredited as being Sharia (Hazudin et al, 2017). Even though there are differences in determining the Sharia criteria in various countries, this difference does not affect the performance (Ashraf, 2016).…”

Section: Relationship Of Supervision and Performancementioning

confidence: 93%

Islamic index, independent commissioner and firm performance

Gati

Nasih

Agustia

et al. 2020

Cogent Business & Management

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The prime objective of this study is to examine the effect of Sharia firms and their performance in Indonesia. Sharia is the set of personal and societal behaviour derived from Islam. A firm is included in a sharia firm if it complies with Islamic values. The sample used in this study are firms that are consistently listed on the Shariacompliant Stock Index (ISSI) in the 2012-2018 period. The result shows that Sharia firms have better performance compared to non-Sharia firms. Additionally, Sharia firms with a smaller size of independent commissioners are associated with higher performance. These positive results indicate that Sharia positioning can improve performance and this is empirical evidence that the ethical firm has a significant influence on the performance.

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