Capital asset pricing model and pricing of Islamic financial instruments

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Capital asset pricing model and pricing of Islamic financial instruments

The prohibitions of ribā (interest) and trading in non-ḥalāl businesses in Islam redefines investment universe assumed by Capital Asset Pricing Model (CAPM). In Islamic investment world, risk-free asset and market portfolio with non-ḥalāl constituents are irrelevant. We propose two-versions of Sharī...

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Bibliographic Details
Main Authors:	Hakim, Shabir Ahmad, Hamid, Zarinah, Mydin Meera, Ahamed Kameel
Format:	Article
Language:	English English
Published:	King Abdulaziz University 2016
Subjects:	HG4001 Financial management. Business finance. Corporation finance. HG4501 Stocks, investment, speculation HJ Public Finance
Online Access:	http://irep.iium.edu.my/53401/ http://irep.iium.edu.my/53401/1/JKAU%20IE%20Journal-%2029%20No1%20Jan%202016.pdf http://irep.iium.edu.my/53401/7/53401-Capital%20asset%20pricing%20model%20and%20pricing%20of%20islamic%20financial%20instruments_SCOPUS.pdf

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