Exploring SRI Model to stimulate investment : the case of JCorp /

This research sought to explore the potential of Socially Responsible Investment (SRI) in stimulating economic growth. Few decades back, SRI concept gaining its root in investors preference especially those from developed country like United States and European Union (EU) (Nicholls, 2009; USSIF, 20...

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Bibliographic Details
Main Author: Muhammad Abd Hadi Abd Rahman (Author)
Format: Thesis
Language:English
Published: Kuala Lumpur : IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, 2017
Subjects:
Online Access:Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library.
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245 1 0 |a Exploring SRI Model to stimulate investment :  |b the case of JCorp /  |c by Muhammad Abd Hadi Abd Rahman 
264 1 |a Kuala Lumpur :  |b IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia,  |c 2017 
300 |a xi, 60 leaves :  |b illustrations ;  |c 30cm. 
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502 |a Thesis (MIIBF)--International Islamic University Malaysia, 2017. 
504 |a Includes bibliographical references (leaves 55-60). 
520 |a This research sought to explore the potential of Socially Responsible Investment (SRI) in stimulating economic growth. Few decades back, SRI concept gaining its root in investors preference especially those from developed country like United States and European Union (EU) (Nicholls, 2009; USSIF, 2016). This preference comes with dual investment objectives offered by SRI which are financial returns and social benefits (USSIF, 2016; Gunnar et.al, 2015; Pathik and Pratik, 2014). SRI comes in many forms, it includes financial and non-financial instruments such as bonds, equities, and funds that invested for betterment of socio-economic and environmental preservation or green projects. Another significant distinction features, the element of governance gradually become a concern for investors in order to make investment decisions (Sullivan, 2015). These entire elements will be observed in JCorp SRI Model. In the case of Johor Corporation Berhad (JCorp), this entity fulfils their Corporate Social Responsibility (CSR) uniquely compared to other corporate entity where JCorp incorporating SRI element while at the same time adopting Islamic approach. This has been done through formation of endowment scheme launch by the JCorp under the concept of corporate waqf. By establishing an entity called Waqaf An-Nur Corporation Berhad (WANCorp) which is a specialized institution that supervise, manage and administer all endowed assets contributed, JCorp could efficiently and effectively perform its role as state conglomerate that contribute not only to improve economic conditions of Johor, but also improve the welfare of the public through its waqf benefits. In order to fully understand SRI structure used by JCorp in its endeavour towards CSR, this paper use case study method to perform analysis on documents and materials related to JCorp SRI waqf model. Notably, other than financial returns, JCorp SRI waqf model manage to make continuous contributions to the public by developing socio-economic of the public, nurturing human capital development in entrepreneurship, healthcare services, education, Islamic religious activities, real estate management, charity and donations. In later part of the analysis, comparison on investment return between JCorp and other financial institution reveal significant potential financial returns and stability. It is also possible for JCorp to extend and explore more possibilities of waqf model in enhancing its current form in order to become exemplary corporate entity that utilize SRI model. Keyword: JCorp, WANCorp, SRI, Waqf, Case Study 
596 |a 1 4 
610 |a Johor Corporation Berhad (JCorp) 
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710 2 |a International Islamic University Malaysia.  |b Institute of Islamic Banking and Finance. 
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