Application of Maqasid Al-Shariah in Responsible Investment (MSRI) and Practices Towards Enviromental, Social & Governance Concerns for PNB Portfolio Management & Investment Strategy in Malaysian Capital Market

Application of Maqasid Al-Shariah in Responsible Investment (MSRI) and Practices Towards Enviromental, Social & Governance Concerns for PNB Portfolio Management & Investment Strategy in Malaysian Capital Market

RM 22.99

ISBN:

978-629-7748-32-0

Categories:

General Academics
Business & Management
Finance & Investments

File Size

4.09 MB

Format

epub

Language

English

Release Year

2025
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Synopsis

The MSRI index is designed to align investment practices with the principles of Maqasid al-Shariah, which are the objectives of Islamic law. It incorporates contemporary standards of responsible investment and is grounded in the teachings of prominent Islamic scholars such as al-Ghazali and Ibn Ashur. The framework focuses on five dimensions of Maqasid: religion, life, intellect, lineage, and wealth. These dimensions are divided into primary categories. The first category pertains to wealth, emphasizing Ibn Ashur’s concept of wealth preservation. The second category addresses life, highlighting sustainability through environmental, social, and governance (ESG) factors, and includes Abu Zahrah’s concept of intellect preservation. The framework is structured around eight themes and uses 45 items to assess companies. These items include annual reports, sustainability reports, and public disclosures such as news. Companies are scored and ranked based on their alignment with these themes. The themes are classified into three categories: Shariah compliant, Maqasid al-Shariah, and ESG. This framework integrates Maqasid al-Shariah principles with responsible investment strategies, offering a value-based approach for Islamic investment policies.