Islamic Unit Trust Funds as Ethical Funds in Malaysia
This paper discusses the development of ethical funds and the Islamic funds in Malaysia and evaluates how the investment criteria of ethical funds coincide with the investment perspective of the Islamic fund or vice versa. This study selected two ethical funds and analysed the investment criteria...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Sains Islam Malaysia
2012
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/5337 |
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| Summary: | This paper discusses the development of ethical funds and the
Islamic funds in Malaysia and evaluates how the investment criteria
of ethical funds coincide with the investment perspective of the Islamic fund or vice versa. This study selected two ethical funds and analysed the investment criteria of both funds to determine the
similarities and differences between ethical and Islamic funds. Data
were collected from the fund manager master prospectus and annual
report in various years. The findings suggest that an ethical fund
cannot be regarded as an Islamic fund but an Islamic fund can be
considered as an ethical fund . |
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