Socially responsible investment: insights from Shari'a departments in Islamic financial institutions

I slamic financial institutions ( IFIs ) are emerging as prominent players in the financial world and are increasingly known for their conservative socially responsible investment ( SRI ). Being the S hari'a regulators and monitors of IFIs , the S hari'a departments are expected to implement the Islamic perspective of SRI – drawn from S hari'a principles – in their respective institutions. The purpose of this paper is to develop an SRI framework...