Is there a diversification “cost” of shari’ah compliance? empirical evidence from Malaysian equities

Is there a diversification “cost” of shari’ah compliance? empirical evidence from Malaysian equities

Islamic equity portfolios work with a smaller investment universe given the filtering of non-Shari’ah compliant stocks. It has been theoretically argued that this culminates in suboptimal portfolio diversification which in turn adversely affects risk-adjusted returns. We employ a number of methods,...

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Bibliographic Details
Main Authors: Mustaffa Kamil, Nazrol Kamil, Bacha, Obiyathulla Ismath, Masih, Mansur
Format: Proceeding Paper
Language:English
Published: 2014
Subjects:
HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/67449/
http://irep.iium.edu.my/67449/1/67449_Is%20There%20A%20Diversification%20%E2%80%9CCost%E2%80%9D%20of%20Shari%E2%80%99ah%20Compliance.pdf

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