IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02009789.html

Should Islamic investors consider SRI criteria in their investment strategies?

Author

Listed:
  • Elias Erragragui

    (KEDGE Business School [Marseille])

  • Christophe Revelli

    (UTLN - Université de Toulon, KEDGE Business School [Marseille], MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier)

Abstract

Can environmental, social and governance (ESG) performance be a criterion for Islamic investment policies? The development of socially responsible investments (SRI) challenges the conservative approach of Islamic investments toward promoting corporate social responsibility. This study therefore tests the potential of integrating positive ESG screening with Islamic portfolios using KLD social ratings, to determine the financial price that shariah compliance and social responsibility entail. Our results reveal no adverse effects on returns due to the application of Islamic and ESG screening; substantially higher performance results from the inclusion of good governance criteria in the post-subprime crisis period.

Suggested Citation

  • Elias Erragragui & Christophe Revelli, 2015. "Should Islamic investors consider SRI criteria in their investment strategies?," Post-Print hal-02009789, HAL.
    • Handle: RePEc:hal:journl:hal-02009789
    DOI: 10.1016/j.frl.2015.07.003
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-02009789. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.