Does Islamic equity investment provide diversification benefits to conventional investors? Evidence from the multivariate GARCH analysis

QR Code

Does Islamic equity investment provide diversification benefits to conventional investors? Evidence from the multivariate GARCH analysis

Purpose: The purpose of this paper is to quantify the extent to which the Malaysia-based equity investors can benefit from diversifying their portfolio into the conventional and Islamic Southeast Asian region and the world’s top ten largest equity indices (China, Japan, Hong Kong, India, the UK, the...

Full description

Bibliographic Details
Main Authors:	Saiti, Buerhan, Noordin, Nazrul Hazizi
Format:	Article
Language:	English English English
Published:	Emerald Group Publishing Ltd. 2018
Subjects:	HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/57070/ http://irep.iium.edu.my/57070/1/57070_Does%20Islamic%20equity%20investment%20provide.pdf http://irep.iium.edu.my/57070/2/57070_Does%20Islamic%20equity%20investment%20provide_SCOPUS.pdf http://irep.iium.edu.my/57070/13/57070%20Does%20Islamic%20equity%20investment%20provide%20diversification%20benefits%20to%20conventional%20investors_wos.pdf

Similar Items

Diversification in conventional and Islamic stock indices: evidence from Multivariate-GARCH analysis
by: Saiti, Buerhan, et al.
Published: (2017)

The diversification benefits within Islamic investments: evidence from MGARCH-DCC approach
by: Saiti, Buerhan, et al.
Published: (2016)

The diversification benefits from Islamic investment during the financial turmoil: the case for the US-based equity investors
by: Saiti, Buerhan, et al.
Published: (2014)

The interactions between gold and shariah compliant equities:the application of wavelet and multivariate GARCH analysis
by: Shakil, Mohammad Hassan, et al.
Published: (2017)

Diversification benefits in energy, metal and agricultural commodities for Islamic investors: evidence from dynamic conditional correlations
by: Dahiru, Abdulnasir, et al.
Published: (2017)

The co-movement of selective conventional and Islamic stock indices: is there any impact on shariah compliant equity investment in China?
by: Saiti, Buerhan, et al.
Published: (2016)

Does the Malaysian sovereign sukuk market offer portfolio diversification opportunities for global fixed-income investors? Evidence from wavelet coherence and multivariate-GARCH analyses
by: Bhuiyan, Rubaiyat Ahsan, et al.
Published: (2019)

Correlation and benefits of portfolio diversification among equity markets of developed countries and emerging countries in South East Asia region
by: Haron, Razali, et al.
Published: (2006)

Testing the conventional and Islamic financial market contagion: evidence from wavelet analysis
by: Saiti, Buerhan, et al.
Published: (2016)

Cointegration of Islamic stock indices: evidence from five ASEAN countries
by: Saiti, Buerhan
Published: (2015)

BBFD4103 Financial derivatives
by: Saiti, Buerhan
Published: (2016)

The lead-lag relationship among East Asian economies: a wavelet analysis
by: Saiti, Buerhan
Published: (2016)

The lead-lag relationship among East Asian economies: a wavelet analysis
by: Saiti, Buerhan
Published: (2017)

Fundamentals, universe creation and appraisal of major shari’ah- compliant stocks screening methodologies
by: Saiti, Buerhan, et al.
Published: (2017)

An analysis of financial speculation: from the Maqasid Al-Shari'ah perspective
by: Rafikov, Ildus, et al.
Published: (2017)

Estimating volatility of stock index returns by using symmetric Garch models
by: Islam, Mohd Aminul
Published: (2013)

A wavelet-based approach to testing shari’ah-compliant stock market contagion:evidence from the ASEAN countries
by: Saiti, Buerhan, et al.
Published: (2013)

The impact of crude oil price on Islamic stock indices of South East Asian countries: evidence from MGARCH-DCC and wavelet approaches
by: Abdullah, Ahmad Monir, et al.
Published: (2016)

Modeling volatility using GARCH (1, 1) Model: The case of Kuala Lumpur Composite Index (KLCI)
by: Islam, Mohd Aminul
Published: (2013)

The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors

Heads we win, tails you lose: Is there equity in Islamic equity funds?
by: Mustaffa Kamil, Nazrol Kamil, et al.
Published: (2014)

Modeling univariate volatility of stock returns using stochastic GARCH models:Evidence from 4-Asian markets
by: Islam, Mohd Aminul
Published: (2013)

Correlation and portfolio diversification among South East Asia, emerging and developed countries
by: Haron, Razali, et al.
Published: (2008)

Investors’ confidence in the Malaysian stock market and religiosity during investment decisions
by: Jaiyeoba, Haruna Babatunde, et al.
Published: (2019)

A qualitative inquiry into the investment decision behaviour of the Malaysian stock market investors
by: Jaiyeoba, Haruna Babatunde, et al.
Published: (2016)

Investment decision behaviour of the Malaysian retail investors and fund managers: A qualitative inquiry
by: Jaiyeoba, Haruna Babatunde, et al.
Published: (2017)

The pricing efficiency of equity warrants: a Malaysian case
by: Haron, Razali
Published: (2006)

Oil price and exchange rates: a wavelet analysis for OPEC members
by: Alatrturi, Basheer H. M., et al.
Published: (2016)

Micro & Macroeconomic determinants of NAV of Islamic equity unit trust funds in Malaysia: qualitative approach
by: Othman, Anwar Hasan Abdullah
Published: (2012)

Correlation studies on equity markets using linear regression model - Malaysia developing and developed markets
by: Haron, Razali, et al.
Published: (2006)

Correlation studies on equity markets using linear regression model - Malaysia, developing and developed markets
by: Haron, Razali, et al.
Published: (2006)

FRGS final report: regulating a mis-regulation of trading halts through a comprehensive financial legal framework for the protection of investors’ interest
by: Mohamad, Azhar
Published: (2019)

Islamic versus conventional stock market indices performance: empirical evidence from Turkey
by: Bayram, Kamola, et al.
Published: (2019)

Relationship between macroeconomic variables and net asset value (NAV) of Islamic equity unit trust funds: cointegration evidence from Malaysian unit trust industry
by: Othman, Anwar Hasan Abdullah, et al.
Published: (2013)

Is there a diversification “cost” of shari’ah compliance? empirical evidence from Malaysian equities
by: Mustaffa Kamil, Nazrol Kamil, et al.
Published: (2014)

Herding behavior and information effect of firm's ownership
by: Mohd Nasarudin, Ahmad Fawwaz, et al.
Published: (2017)

Investigation of herding behavior in developed and developing countries: Does country governance factor matters?
by: Mohd Nasarudin, Ahmad Fawwaz, et al.
Published: (2017)

Investigation of herding behaviour in developed and developing countries: does country governance factor matters?
by: Mohd Nasarudin, Ahmad Fawwaz, et al.
Published: (2017)

Understanding investors' behavior from the variation of sukuk spreads
by: Abdul Rahman, Maya Puspa, et al.
Published: (2014)

Making the right investment choice? comparing the performance between Islamic and conventional equity unit trust funds in Malaysia
by: Othman, Anwar Hasan Abdullah, et al.
Published: (2019)