Sharia Compliant Stocks10/22/2021
He has qualified UGC-SRF/NET in Management and UGC-NET in Commerce. In Management from Central University of Haryana. He is MBA (Finance and Marketing) and M.Com (Account and Law). Mohammad Irfan is presently working as Assistant Professor, AURO University. What is meant by Shariah Screened Stocks Shariah rules of investment in the equity of a company comes with certain exclusions.Dr. Of Shariah Compliant Stocks of Shariah Not Compliant Stocks Automobiles: 39.13: 60.87: Basic Materials: 41.32: 58.68: Capital Goods: 59.88: 40.12 Consumer Goods: 62.42: 37.58: Consumer Goods Non-Cyclical: 41.27: 58.473: Energy: 28.94: 71.06: Food & Beverages: 28.18: 71.06: Finacial Services: 3.92: 96.08: Healthcare: 63.76: 36.24What are Shariah Compliant Stocks / Halal Stocks In simple words, Investments in Shariah screened stocks are known as Shariah compliant or HALAL Stocks.The sample for the study consists of Shariah-compliant stocks commonly available in all the three Shariah indices in India, sample stock data has been extracted on a weekly basis from Sept 2014 to Sept 2019. The search strength is identified by the search volume of Shariah-compliant stocks on Google. While there is no 100 perfect approach of identifying ethical or Halal stocks, we rely on the expert adviceThe objective of the study is to understand the dynamic relationship between Shariah-compliant stocks and the Google search value index (GSVI). The ideally permissible limit of interest money involvement in Halal businesses is 0. He has published several research papers in National and International Journals and presented papers in the National and International conferences organized by leading institutions like IIM-A, IIM-C, IIM-Indore, IIM-Shillong, IIT-Roorkee, and also presented paper in Indonesia, Malaysia, Switzerland and Nigeria sponsored by Islamic Development Bank (IDB-Saudi Arabia), Bank of Indonesia (BI), MFAC, conferences and many more.Experts suggest that a company can be identified as Halal if the ratio of cash to total assets of the company is less than 33. Irfan has been teaching Graduate and Postgraduate Subjects for the last 12 years in the areas of Financial Management, Security Analysis and Portfolio Management, Derivatives, Management Accounting, Financial Analysis and Decision, Data Analysis for Business, Financial Modelling in Excel.The vector error correction model (VECM) suggests the acceptability of the model. Trace statistics has five co-integration equations and Max-Eigen statistics has one co-integration. The outcome suggests that there is a long-run equilibrium relationship existing between Shariah-compliant stocks and the Google search value index.
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