With reference to the many studies emphasising the compatibility between CSR criteria and Islamic principles, this experimental study is the first to investigate the integration of a positive screening process designed to select companies based on their ESG performance in addition to a traditional shariah-compliant screening.
Paranque, B. and Erragragui, E. (2016), "Islamic Investment versus Socially Responsible Investment: Lessons from Comparison", Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 10), Emerald Group Publishing Limited, Bingley, pp. 355-383. https://doi.org/10.1108/S2043-905920160000010034
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