İslami Hisse Senedi Endeksleri: Bir Genel Bakış

Bu makale, İslami hisse senedi endekslerinin oluşturulması ve geliştirilmesine ilişkin önemli soruları gündeme getirdiğinden, bu çelişkili kanıtların arkasındaki nedenleri araştırarak İslami hisse senedi endekslerinin potansiyel çeşitlendirme faydalarına ilişkin literatürde süregelen tartışmalara ve karışık bulgulara katkıda bulunmaktadır. İslami hisse senedi endekslerinin doğuşuna, farklı Şeriat tarama süreçlerine ve bu tarama süreçleriyle ilgili konulara ilişkin kapsamlı bir genel bakışın olmaması, düşük çeşitlendirme fırsatının arkasındaki ana nedenlerden birini temsil etmektedir. Yazarlar, İslami endeksler için mevcut Şeriat tarama kriterlerini araştırıyor ve performanslarını eleştirel bir şekilde analiz ediyor. İslami endekslere tarihsel bir genel bakış sağlarlar, ardından Şeriat taramasının temelleri ve ana sorunları hakkında bir açıklama sunarlar. Yazarlar, özellikle İslami ve geleneksel piyasaların süregelen yakınsaması dikkate alındığında, etkin çeşitlendirmenin İslami finansal araçlarda önemli değişiklikler gerektirdiği sonucuna varıyorlar. Bu değişiklikler, tarama kriterlerinin standartlaştırılmasını, kullanılan metodolojileri özetleyen kapsamlı bir beyanı ve etik taramanın mevcut normatif çerçevelerle uyumlu hale getirilmesini içerir.

Islamic Stock Indices: An Overview

This article contributes to the ongoing debate and mixed findings in the literature regarding the potential diversification benefits of Islamic stock indices by investigating the reasons behind this contradictive evidence, as it raises important questions regarding the establishment and development of Islamic stock indices. The lack of a comprehensive overview of the genesis of Islamic stock indices, the different Sharia screening processes and the issues related to these screening processes represent one of the main reasons behind the low diversification opportunity. The authors investigate the current Sharia screening criteria for Islamic indices and critically analyse their performance. They provide a historical overview of Islamic indices, followed by an explanation of the basics of Sharia screening and its main issues. The authors conclude that effective diversification necessitates significant changes to Islamic financial instruments, especially considering the ongoing convergence of the Islamic and conventional markets. These changes include the standardization of screening criteria, a comprehensive statement outlining the methodologies utilized, and the alignment of ethical screening with existing normative frameworks.

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