Journal Press India^®

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The paper aims to analyse the Shariah Screening Methodologies of four institutions: AAOIFI, DJIM, SEC and NSE. The method used in this study is qualitative research and the data collected is from online sources, such as journal articles and websites. The analysis shows that the Qualitative or Business screening is nearly the same, but the methodology differs in their Quantitative or financial screening. The differences arise due to varying interpretation of the Shariah texts. These differences bring about challenges to construct a uniform methodology for Stock screening. The analysis and findings of this research will help contribute to the changes that have taken place in the Shariah screening methodology and add to the existing knowledge. The research brings a fresh perspective while comparing the Shariah screening methodology of NSE with the other methodologies. 

Keywords

Stock Screening; Shariah-compliant stocks; Screening Methodologies; Business screening; Financial screening

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