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A Data-Driven Review of the Financial Performance and Environmental Compliance of Shariah-Compliant Businesses

Klemens Katterbauer(Euclid University)0000-0001-5513-4418
Rahmi Deniz Özbay(İSTANBUL TİCARET ÜNİVERSİTESİ)0000-0002-3927-8216
Hassan Syed(Euclid University)0000-0003-2114-2473
Sema Yılmaz Genç(YILDIZ TEKNİK ÜNİVERSİTESİ)0000-0002-3138-1622
Sayfa
39–54
Yayın Tarihi
2024-01-15
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Large Islamic-compliant US listed firms were the subject of an investigation, which revealed high clustering performance and a difference between Islamic environmental compliance and non-compliance.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:In order to analyze their investment choices and achieve better impact investments, investors are increasingly considering environmental, social, and Governance aspects.
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Temel Bulgular & Veri:Investors are under increasing pressure from society to make sure that, in addition to profitability reasons, the environment's effect, society's impact, and corporate governance standards are taken into consideration when allocating funds.
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Sonuç & Katkı:Large Islamic-compliant US listed firms were the subject of an investigation, which revealed high clustering performance and a difference between Islamic environmental compliance and non-compliance.
🔬Tür:Araştırma Makalesi
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Islamic Compliance · ESG · Environmental Shariah Compliance

Abstract

In order to analyze their investment choices and achieve better impact investments, investors are increasingly considering environmental, social, and Governance aspects. Investors are under increasing pressure from society to make sure that, in addition to profitability reasons, the environment's effect, society's impact, and corporate governance standards are taken into consideration when allocating funds. As a result, there has been an increase in the divestment of firms that use forced labor, lack diversity in their workforces, and operate in highly polluting sectors. Islamic banking incorporates Shariah law's guiding principles, which place a heavy emphasis on protecting the environment and advancing society. It can be difficult to determine if firms are Shariah-compliant in terms of the environment since environmental ESG ratings could not accurately reflect all of a corporation's environmental effects or its compliance with Shariah. In addition to evaluating a company's financial success, this article introduces a new data-driven approach for assessing its Shariah-compliant environmental performance. The deep learning system uses an unsupervised-random forest learning method to classify environmental compliance while also measuring these firms' financial performance. Large Islamic-compliant US listed firms were the subject of an investigation, which revealed high clustering performance and a difference between Islamic environmental compliance and non-compliance.

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Bu Makaleye Atıf Yap

Katterbauer, K., Özbay, R. D., Syed, H., Genç, S. Y. (2024). A Data-Driven Review of the Financial Performance and Environmental Compliance of Shariah-Compliant Businesses. İslam Ekonomisi Dergisi, Cilt: 4 Sayı: 1, 39–54. https://doi.org/10.55237/jie.1340830

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