Stock performance under alternative Shariah screening methods: Evidence from Australia

Saleh, Ali I. El; Jurdi, Doureige J.

doi:10.1111/acfi.12735

Cited by 3 publications

(3 citation statements)

References 50 publications

(77 reference statements)

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“…However, it has different results compared with existing ones [35]. Functional value plays a significant role in consumers' decisions to choose Islamic investment products [75], with product reliability, financial need, and security guarantee as determining factors [76]. Functional value is critical for forming positive attitudes and intelligent judgments; this applies to green finance as well [31].…”

Section: Discussionmentioning

confidence: 99%

Examining the Purchase Intentions of Indonesian Investors for Green Sukuk

Faisal

Gunawan²,

Cupian

et al. 2023

Sustainability

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The purpose of this paper is to investigate the impact of functional, social, emotional, religious, and knowledge values on customers’ intentions to purchase green sukuk (Islamic bonds) products. This study employs the Theory of Consumption Value (TCV) and analyzes data from a sample of 300 respondents using the Partial Least Squares Structural Equation Model (PLS-SEM). The results suggest that these values significantly influence the choice to purchase the products. The study is limited to the western area of Indonesia, one of the most populated and dominated economic powers in the country, and focuses specifically on green sukuk using TCV. Nevertheless, it provides valuable insights for understanding the determinants that stimulate potential investors in purchasing green financial products in Islamic finance industry, which has emerged as an important element in the country’s economic engines.

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Section: Discussionmentioning

confidence: 99%

Examining the Purchase Intentions of Indonesian Investors for Green Sukuk

Faisal

Gunawan²,

Cupian

et al. 2023

Sustainability

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“…The methodology employed in constructing the global Islamic stock market index is based on a rigorous screening process to ensure compliance with Islamic principles (Alotaibi et al, 2022;El Saleh & Jurdi, 2021). The index encompasses a set of criteria derived from Sharia, such as the prohibition of interest-based financial instruments, companies involved in unethical activities, and excessive debt.…”

Section: Sharia Capital Marketmentioning

confidence: 99%

Global Board Market Index Shariah: A Comprehensive Analysis of the 2020-2023 Trends

Akbar,

Kartawinata,

Hidayat

2024

J. Bus. Manag. Econ. Development.

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Global stock markets experienced several spikes and dips during the pandemic. In March 2020, there was a sharp decline in many stock exchanges around the world, known as "Black Thursday". Major stock indice such as S&P 1200 Global Board Market Index (BMI) Shariah experienced significant declines in a short period of time. However, since those declines, global stock markets have experienced a strong recovery. Huge economic stimulus, hopes for a COVID-19 vaccine, and measures to ease restrictions have made investors more optimistic. Many major stock indices have managed to reach new highs in recent months. The movement of of the global Islamic stock market during the pandemic also depends on regional and country-specific factors. Overall, the global Islamic stock market experienced volatility during the COVID-19 pandemic, but has shown signs of recovery. Investment decisions in the global Islamic stock market during the pandemic need to take into account factors that affect sector and country-specific performance.

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“…The most frequently referenced journals are those that focus on a particular field, such as economics or finance, as well as those that conduct the interdisciplinary study in fields like marketing and consumer studies. A higher number of journals covering the research field suggests that the field is multidisciplinary and has a wide range of study issues such as in (Low and Siegel, 2019) and (El Saleh and Jurdi, 2021).…”

Section: Data Analysis and Findingsmentioning

confidence: 99%

A bibliometric analysis of digital financial literacy

Yadav

Banerji

2023

AJB

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PurposeThere has been a great deal of exploratory, conceptual and empirical research on digital financial literacy (DFL) in the fields of finance, economics, business and management. But up until now, there has not been any attempt to provide a thorough scientific mapping of the area. Therefore, by combining various knowledge systems, this study seeks to identify the current research trend.Design/methodology/approachA sample of 158 papers was subjected to bibliometric analysis in the areas of DFL or digital finance. Assembling, organising and evaluating are the three phases that make up the bibliometric analysis process derived from the most dependable and genuine sources, the Scopus database, and the Web of Science (WoS) database. This study was done using a scientific search technique on the Scopus and WoS databases for the years 2015 through 2022. The study made use of Biblioshiny, a web-based tool created in R-studio and part of the Bibliometrix package. Prominent journals, authors, nations, articles and themes were identified with the use of the software's automated workflow. “Citation, co-citation, and social network analysis” were also carried out.FindingsThe study' outcomes indicate that, as an interdisciplinary discipline, the themes of digital finance have changed throughout time. Researchers first concentrated on socioeconomic and demographic variables, but over time the subject expanded to include themes like influencing, promoting, and behavioural factors that affect digital financial literacy (DFL). This research shows the conceptual framework of the area in addition to its intellectual and social structure. This study offers crucial insights into subjects that demand more research.Research limitations/implicationsSince the current study is a bibliometric analysis, the usual restrictions on such studies apply. A meta-analysis, a thorough literature review and other methods would be beneficial for future researchers to develop a solid conceptual framework. This current research work's science mapping is restricted to the Scopus and WoS databases because this research includes more high-quality articles and has organised formats that work with the Bibliometrix application.Practical implicationsPresent research provides critical insights into saving behaviour, retirement planning, digital finance and the interdependence of these. This research highlights the most prevalent problems in the field and points in the direction of potential areas for further study. Exposing the social and intellectual structure of the domain educates upcoming scholars about the themes, contexts and opportunities for collaboration in this field.Social implicationsThe study will be useful for future learning as the study gives broad exposure to the current literature in the field of digital finance. On the other hand, people will also grow aware of the effects of digital finance and make the proper choices as a result. Additionally, the report might offer crucial insights for developing policies on digital finance and literacy.Originality/valueIn the past, a significant number of conceptual and empirical studies were conducted internationally in the research fields of economics, finance, business, management and consumer behaviour. This research makes a significant addition by bringing together disparate literature in the field, highlighting reliable sources, authors and documents, and examining the relationship between digital finance, saving behaviour and retirement planning.

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Stock performance under alternative Shariah screening methods: Evidence from Australia

Cited by 3 publications

References 50 publications

Examining the Purchase Intentions of Indonesian Investors for Green Sukuk

Examining the Purchase Intentions of Indonesian Investors for Green Sukuk

Global Board Market Index Shariah: A Comprehensive Analysis of the 2020-2023 Trends

A bibliometric analysis of digital financial literacy

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