以环境、社会和治理(ESG)概念为基础,制定伊斯兰可持续和负责任投资 (i-SRI)标准

IF 2.5 Q2 BUSINESS, FINANCE
Muhammad Zarunnaim Bin Haji Wahab, Asmadi Mohamed Naim, Mohamad Hanif Abu Hassan
{"title":"以环境、社会和治理(ESG)概念为基础,制定伊斯兰可持续和负责任投资 (i-SRI)标准","authors":"Muhammad Zarunnaim Bin Haji Wahab, Asmadi Mohamed Naim, Mohamad Hanif Abu Hassan","doi":"10.1108/jiabr-12-2021-0311","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>The practices of sustainable and responsible investment (SRI) among Islamic financial institutions (IFIs) nowadays still rely on the existing environmental, social and governance (ESG) criteria. However, based on observation, some of the existing criteria listed by the reports of certain authorities and organizations do not seem to be aligned with Shariah principles. Therefore, this study aims to investigate those criteria to help develop Islamic-SRI (i-SRI) criteria based on the ESG concept.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>This study adopted the qualitative method via content analysis of documents and interviews with experts.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>Based on the analysis, a set of i-SRI criteria is developed based on the ESG concept, of which 33 elements are environmental, 50 elements are social and 26 elements are governance issues. Overall, this study finds that there is no obvious contradiction with the Islamic philosophy in the existing ESG criteria, with the exception of four criteria, i.e. promoting human rights, freedom of expression, freedom of censorship and freedom of association under social criteria. These four existing criteria are not aligned with Islamic teaching and not appropriate with Islamic ESG criteria.</p><!--/ Abstract__block -->\n<h3>Practical implications</h3>\n<p>The creation of Islamic ESG criteria can assist relevant authorities to improve the current ESG criteria and to embed an Islamic perspective within it.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>This study developed a set of i-SRI criteria, which may be suitable as a source of reference to relevant parties.</p><!--/ Abstract__block -->","PeriodicalId":46046,"journal":{"name":"Journal of Islamic Accounting and Business Research","volume":"347 1","pages":""},"PeriodicalIF":2.5000,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Developing Islamic-sustainable and responsible investment (i-SRI) criteria based on the environmental, social and governance (ESG) concept\",\"authors\":\"Muhammad Zarunnaim Bin Haji Wahab, Asmadi Mohamed Naim, Mohamad Hanif Abu Hassan\",\"doi\":\"10.1108/jiabr-12-2021-0311\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<h3>Purpose</h3>\\n<p>The practices of sustainable and responsible investment (SRI) among Islamic financial institutions (IFIs) nowadays still rely on the existing environmental, social and governance (ESG) criteria. However, based on observation, some of the existing criteria listed by the reports of certain authorities and organizations do not seem to be aligned with Shariah principles. Therefore, this study aims to investigate those criteria to help develop Islamic-SRI (i-SRI) criteria based on the ESG concept.</p><!--/ Abstract__block -->\\n<h3>Design/methodology/approach</h3>\\n<p>This study adopted the qualitative method via content analysis of documents and interviews with experts.</p><!--/ Abstract__block -->\\n<h3>Findings</h3>\\n<p>Based on the analysis, a set of i-SRI criteria is developed based on the ESG concept, of which 33 elements are environmental, 50 elements are social and 26 elements are governance issues. Overall, this study finds that there is no obvious contradiction with the Islamic philosophy in the existing ESG criteria, with the exception of four criteria, i.e. promoting human rights, freedom of expression, freedom of censorship and freedom of association under social criteria. These four existing criteria are not aligned with Islamic teaching and not appropriate with Islamic ESG criteria.</p><!--/ Abstract__block -->\\n<h3>Practical implications</h3>\\n<p>The creation of Islamic ESG criteria can assist relevant authorities to improve the current ESG criteria and to embed an Islamic perspective within it.</p><!--/ Abstract__block -->\\n<h3>Originality/value</h3>\\n<p>This study developed a set of i-SRI criteria, which may be suitable as a source of reference to relevant parties.</p><!--/ Abstract__block -->\",\"PeriodicalId\":46046,\"journal\":{\"name\":\"Journal of Islamic Accounting and Business Research\",\"volume\":\"347 1\",\"pages\":\"\"},\"PeriodicalIF\":2.5000,\"publicationDate\":\"2024-07-24\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Islamic Accounting and Business Research\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1108/jiabr-12-2021-0311\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Islamic Accounting and Business Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/jiabr-12-2021-0311","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

摘要

目的 如今,伊斯兰金融机构(IFIs)的可持续和负责任投资(SRI)实践仍然依赖于现有的环境、社会和治理(ESG)标准。然而,根据观察,某些权威机构和组织的报告中列出的一些现有标准似乎与伊斯兰教法原则并不一致。因此,本研究旨在调查这些标准,以帮助制定基于 ESG 概念的伊斯兰社会责任投资(i-SRI)标准。研究结果根据分析结果,制定了一套基于 ESG 概念的 i-SRI 标准,其中 33 个要素是环境问题,50 个要素是社会问题,26 个要素是治理问题。总体而言,本研究发现,除了社会标准中的促进人权、言论自由、审查自由和结社自由四项标准外,现有的 ESG 标准与伊斯兰理念并无明显矛盾。这四项现有标准与伊斯兰教义不符,也不适合伊斯兰环境、社会和公司治理标准。原创性/价值本研究制定了一套伊斯兰环境、社会和公司治理标准,可供有关方面参考。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Developing Islamic-sustainable and responsible investment (i-SRI) criteria based on the environmental, social and governance (ESG) concept

Purpose

The practices of sustainable and responsible investment (SRI) among Islamic financial institutions (IFIs) nowadays still rely on the existing environmental, social and governance (ESG) criteria. However, based on observation, some of the existing criteria listed by the reports of certain authorities and organizations do not seem to be aligned with Shariah principles. Therefore, this study aims to investigate those criteria to help develop Islamic-SRI (i-SRI) criteria based on the ESG concept.

Design/methodology/approach

This study adopted the qualitative method via content analysis of documents and interviews with experts.

Findings

Based on the analysis, a set of i-SRI criteria is developed based on the ESG concept, of which 33 elements are environmental, 50 elements are social and 26 elements are governance issues. Overall, this study finds that there is no obvious contradiction with the Islamic philosophy in the existing ESG criteria, with the exception of four criteria, i.e. promoting human rights, freedom of expression, freedom of censorship and freedom of association under social criteria. These four existing criteria are not aligned with Islamic teaching and not appropriate with Islamic ESG criteria.

Practical implications

The creation of Islamic ESG criteria can assist relevant authorities to improve the current ESG criteria and to embed an Islamic perspective within it.

Originality/value

This study developed a set of i-SRI criteria, which may be suitable as a source of reference to relevant parties.

求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
CiteScore
4.80
自引率
22.70%
发文量
78
期刊介绍: The journal provides a dynamic forum for the advancement of accounting and business knowledge based on Shari’ah and Islamic activities that have an impact on the welfare of society. JIABR publishes articles on the interplay between Islamic business ethics, accounting, auditing and governance, in promoting accountability, socio-economic justice (adl) and everlasting success (al-falah). It seeks to inform, among others, current theoretical and empirical research and practice in Islamic accounting, auditing and corporate governance, management of Islamic organizations, accounting regulation and policy for Islamic institutions, Shari’ah auditing and corporate governance, financial and non-financial performance measurement and disclosure in Islamic institutions and organizations. All styles of research, theoretical and empirical, case studies, practice-based papers and research notes that are well written and falling within the journal''s scope, are generally welcomed by the journal. Scope/Coverage Development of accounting, auditing and corporate governance concepts based on Shari’ah Socio-political influence on accounting and auditing regulation and policy making for Islamic financial institutions and organizations Historical perspectives on Islamic accounting, auditing and financial management Critical analysis on issues and challenges on accounting disclosure and measurement, Shari’ah audit and corporate governance Controls and risks in Islamic organizations Financial and non-financial performance measurement and disclosure.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信