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Sustainable and socially responsible investing: Does Islamic investing make a difference?

Author

Listed:
  • Saeed BinMahfouz
  • M. Kabir Hassan

Abstract

Purpose - There is a great deal of research that has been done to investigate the investment characteristics of conventional socially responsible investment portfolios compared to their broader conventional counterparts. However, the impact of incorporating sustainability criteria into the traditional Design/methodology/approach - The paper examines the investment characteristics of four groups of investment portfolios mainly, Dow Jones Global Index, Dow Jones Sustainability World Index, Dow Jones Islamic Market World Index and Dow Jones Islamic Market Sustainability Index. To improve the robustness of the study, the analysis was carried out at different levels. First, absolute mean return and Findings - The paper finds that neither the Originality/value - The study contributes to the existing literature by giving new evidence on the impact of incorporating sustainability criteria into the traditional

Suggested Citation

  • Saeed BinMahfouz & M. Kabir Hassan, 2013. "Sustainable and socially responsible investing: Does Islamic investing make a difference?," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 29(3), pages 164-186, August.
  • Handle: RePEc:eme:humpps:v:29:y:2013:i:3:p:164-186
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    1. repec:eee:pacfin:v:52:y:2018:i:c:p:134-143 is not listed on IDEAS
    2. repec:eee:ecosys:v:42:y:2018:i:3:p:450-469 is not listed on IDEAS

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