The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
This article aims to assist Malaysia-based Islamic equity investors in identifying possible diversification benefits by diversifying their portfolio in the Southeast Asian market and the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US, Canada, France, Germany and Swi...
| Format: | Article |
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| Language: | English English |
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/54056/ http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf |
| _version_ | 1848784342298394624 |
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| building | IIUM Repository |
| collection | Online Access |
| description | This article aims to assist Malaysia-based Islamic equity investors in identifying possible
diversification benefits by diversifying their portfolio in the Southeast Asian market and
the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US,
Canada, France, Germany and Switzerland). The multivariate GARCH-dynamic conditional
correlation is applied to estimate the time-varying linkages of the selected Asian and
international Islamic stock index returns with the Malaysian Islamic stock index returns,
covering approximately eight years daily starting from 29 June, 2007 to 30 June, 2016.
At the regional level, the results indicate that Malaysia-based Islamic equity investors
would benefit most if they include the Japanese Islamic stock indices in their portfolio.
Meanwhile, at the international level, the results imply that the US Islamic stock indices
provide the most diversification benefit for the Malaysia-based Islamic equity investors. |
| first_indexed | 2025-11-14T16:35:43Z |
| format | Article |
| id | iium-54056 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:35:43Z |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-540562024-01-03T02:40:14Z http://irep.iium.edu.my/54056/ The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation This article aims to assist Malaysia-based Islamic equity investors in identifying possible diversification benefits by diversifying their portfolio in the Southeast Asian market and the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US, Canada, France, Germany and Switzerland). The multivariate GARCH-dynamic conditional correlation is applied to estimate the time-varying linkages of the selected Asian and international Islamic stock index returns with the Malaysian Islamic stock index returns, covering approximately eight years daily starting from 29 June, 2007 to 30 June, 2016. At the regional level, the results indicate that Malaysia-based Islamic equity investors would benefit most if they include the Japanese Islamic stock indices in their portfolio. Meanwhile, at the international level, the results imply that the US Islamic stock indices provide the most diversification benefit for the Malaysia-based Islamic equity investors. Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf application/pdf en http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf UNSPECIFIED The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors. |
| spellingShingle | HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title | The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title_full | The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title_fullStr | The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title_full_unstemmed | The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title_short | The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors |
| title_sort | diversification benefits within islamic investments: the case of malaysia-based islamic equity investors |
| topic | HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation |
| url | http://irep.iium.edu.my/54056/ http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf |