摘要：AbstractThe purpose of this paper is to construct a new modified reporting index for shariah-compliant companies. This new reporting index adheres to the Islamic Advisory Council's guidelines and is validated by the principal component analysis, which establishes a link between internal reporting of shariah-compliant companies and external reporting needs of the community and the public. Overall reporting index quality for shariah-compliant companies is found to be more of standard when variable selection method of t-statistic algorithm under the principal component analysis suggests that the strongest themes for the items of information in the index comprise two themes, which include Finance and Investment, and the Society.
