Buying high quality assets without paying premium prices is just as much value investing as buying average quality assets at discount prices. Strategies that exploit the quality dimension of value can be profitable on their own, and accounting for both dimensions of value yields dramatic performance improvements over traditional value strategies. Attention to quality, helps traditional value investors distinguish bargain stocks (i.e., those that are undervalued) from value traps (i.e., those that are cheap for good reasons), and generates significant abnormal returns. In this study, an investment strategies based on Grantham’s quality criteria on investing namely, “high return, stable return, and low debt”, is applied to analyze the performance of shari’ah complaints, and compared to F-score investment criteria (Piotroski, 2000) by conducting t-tests on the cumulative returns. The finding indicated that F-score outperformed shari’ah portfolio.