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Title: Islamic Unit Trust Funds as Ethical Funds in Malaysia
Authors: Zurina Kefeli @ Zulkefli
Mohd Azlan Shah Zaidi
Keywords: Ethical unit trust funds
Islamic unit trust funds
Issue Date: 2005
Publisher: Universiti Sains Islam Malaysia
Series/Report no.: Vol 1, No.2 2005;
Abstract: This paper discusses the development of ethical funds and the Islamic funds in Malaysia and evaluates how the investment criteria of ethical funds coincide with the investment perspective of the Islamic fund or vice versa. This study selected two ethical funds and analysed the investment criteria of both funds to determine the similarities and differences between ethical and Islamic funds. Data were collected from the fund manager master prospectus and annual report in various years. The findings suggest that an ethical fund cannot be regarded as an Islamic fund but an Islamic fund can be considered as an ethical fund .
ISSN: 1823075X
Appears in Collections:JMIFR - Vol. 2, No. 1, 2005

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