The impact of shariah-compliance extensiveness screening on the initial performance of Malaysian IPOs

• Main Authors: Che Embi, Nor Azizan, Rahim, Ruzita, Ibrahim, Izani
• Format: Conference or Workshop Item
• Language: English; English; English; English
• Published: 2013
• Subjects: HG4501 Stocks, investment, speculation
• Online Access: http://irep.iium.edu.my/73912/3/IRIE%202013%20-%20Certificate%20Nor%20Azizan%20Che%20Embi.pdf.pdf; http://irep.iium.edu.my/73912/1/IRIE%202013%20-%20Nor%20Azizan%20Che%20Embi.pdf; http://irep.iium.edu.my/73912/13/73912%20%20The%20impact%20of%20shariah-compliance.pdf; http://irep.iium.edu.my/73912/14/73912%20certificate.pdf; http://irep.iium.edu.my/73912/

This study suspects that relying on the current Shariah screening process on financial aspects by Shariah Advisory Council of Malaysia may be not sufficient as the two important ratios which are Debt ratio and ARTA ratio highlighted by Council of Islamic Fiqh Academy (CIFA) are not being used. The s...