Developments in Islamic Finance by Syed Aun R. Rizvi & Irum Saba

Author:Syed Aun R. Rizvi & Irum Saba
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

2 Shariah Screening Criterion of ASIIP and KMI-30

The Shariah screening criterion of ASIIP and KMI-30 consists of mainly six filters. They are as follows:1.Business of the Investee Company

2.Non-Compliant Income to Total Revenue, <5%

3.Non-Compliant Investments to Total Assets, <33%

4.Interest-Bearing Debt to Total Assets, <37%

5.Illiquid Assets to Total Assets, >25%

6.Net Liquid Assets/Share Vs Market Price/Share

These filters are categorised in Table 1 below:Table 1 Shariah screening criterion Of ASIIP and KMI-30

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