Analisis Perbandingan Model Business Screening dan Financial Screening Indeks Saham Syariah Global berdasarkan Tinjauan Maqashid Syariah

Authors

  • R. Melda Maesarach Universitas Muhammadiyah Jakarta
  • Siti Jamilah Universitas Muhammadiyah Jakarta
  • Isfandayani Universitas Islam 45
  • Muhammad Fahmi Universitas Muhammadiyah Jakarta
  • Irsyad Ali Amin Universitas Muhammadiyah Prof. Dr. HAMKA

DOI:

https://doi.org/10.22236/alurban_vol9.i1/19955

Keywords:

Business Screening, Financial Screening, Islamic Stock Index, Maqashid Shariah, Investment Ethics

Abstract

This study aims to analyze the comparison between business screening and financial screening models used in global Islamic stock indices through the lens of maqashid shariah. The research employs an explanatory method based on literature review and expert interviews. The findings reveal that current screening models remain legal-formalistic and do not fully reflect the substantive values of maqashid shariah such as social justice, environmental protection, and business ethics. Therefore, a reformulation is needed to ensure the screening models fulfill not only legal compliance but also promote public benefit and prevent harm. This study recommends developing a maqashid-based screening framework that is more holistic and socially transformative.

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References

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Zulkifli, A. H. (2017). Shariah screening methodologies of global index providers: A comparison of Dow Jones, MSCI, FTSE, and S&P. ISRA International Journal of Islamic Finance, 9(2), 191–206.

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Published

2025-06-30

How to Cite

R. Melda Maesarach, Siti Jamilah, Isfandayani, Muhammad Fahmi, & Ali Amin, I. (2025). Analisis Perbandingan Model Business Screening dan Financial Screening Indeks Saham Syariah Global berdasarkan Tinjauan Maqashid Syariah. Al-Urban: Jurnal Ekonomi Syariah Dan Filantropi Islam, 9(1), 19–31. https://doi.org/10.22236/alurban_vol9.i1/19955

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