A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.]
The study reported by this paper investigated the behaviour of stock returns among Shariah-compliant firms and non-Shariah compliant firms of service industry in Malaysia. The data of 50 firms listed in Bursa Malaysia were obtained from 2008 to 2012. It focused on the relationship between the stock...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Universiti Teknologi Mara Selangor
2019
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| Online Access: | https://ir.uitm.edu.my/id/eprint/32304/ |
| _version_ | 1848807989330313216 |
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| author | Rifin, Nurul Syakirah Hassan, Salwana Abu Bakar, Nordin Sahudin, Zahariah |
| author_facet | Rifin, Nurul Syakirah Hassan, Salwana Abu Bakar, Nordin Sahudin, Zahariah |
| author_sort | Rifin, Nurul Syakirah |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | The study reported by this paper investigated the behaviour of stock returns among Shariah-compliant firms and non-Shariah compliant firms of service industry in Malaysia. The data of 50 firms listed in Bursa Malaysia were obtained from 2008 to 2012. It focused on the relationship between the stock returns and the financial ratios (firm size,
market to book ratio, price-earnings ratio and total debt) as the microeconomic variables. While the gross domestic product (GDP), interest rate and inflation rate as the macroeconomic variables toward the stock return. Using regression analysis applying OLS technique, the results showed a significant similarity between Shariah-compliant firms and their counterparts. For Shariah-compliant firms, it is found that firm size and total debt is the most significant variables explaining returns, on the other hand, for non-Shariah compliant firms, price-earnings ratio, interest rate and inflation rate are the most significant variables influencing returns. |
| first_indexed | 2025-11-14T22:51:35Z |
| format | Article |
| id | uitm-32304 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:51:35Z |
| publishDate | 2019 |
| publisher | Universiti Teknologi Mara Selangor |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-323042020-07-22T01:38:12Z https://ir.uitm.edu.my/id/eprint/32304/ A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] jeeir Rifin, Nurul Syakirah Hassan, Salwana Abu Bakar, Nordin Sahudin, Zahariah Investment, capital formation, speculation Stock exchanges. Insider trading in securities The study reported by this paper investigated the behaviour of stock returns among Shariah-compliant firms and non-Shariah compliant firms of service industry in Malaysia. The data of 50 firms listed in Bursa Malaysia were obtained from 2008 to 2012. It focused on the relationship between the stock returns and the financial ratios (firm size, market to book ratio, price-earnings ratio and total debt) as the microeconomic variables. While the gross domestic product (GDP), interest rate and inflation rate as the macroeconomic variables toward the stock return. Using regression analysis applying OLS technique, the results showed a significant similarity between Shariah-compliant firms and their counterparts. For Shariah-compliant firms, it is found that firm size and total debt is the most significant variables explaining returns, on the other hand, for non-Shariah compliant firms, price-earnings ratio, interest rate and inflation rate are the most significant variables influencing returns. Universiti Teknologi Mara Selangor 2019-09 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32304/1/AJ_NURUL%20SYAKIRAH%20RIFIN%20JEEIR%20B%2019.pdf Rifin, Nurul Syakirah and Hassan, Salwana and Abu Bakar, Nordin and Sahudin, Zahariah (2019) A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.]. (2019) Journal of Emerging Economies and Islamic Research (JEEIR) <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_and_Islamic_Research_=28JEEIR=29.html>, 7 (3). pp. 1-7. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/ |
| spellingShingle | Investment, capital formation, speculation Stock exchanges. Insider trading in securities Rifin, Nurul Syakirah Hassan, Salwana Abu Bakar, Nordin Sahudin, Zahariah A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title | A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title_full | A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title_fullStr | A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title_full_unstemmed | A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title_short | A Comparative analysis between shariah-compliant & non-Shariah compliant stocks / Nurul Syakirah Rifin ... [et al.] |
| title_sort | comparative analysis between shariah-compliant & non-shariah compliant stocks / nurul syakirah rifin ... [et al.] |
| topic | Investment, capital formation, speculation Stock exchanges. Insider trading in securities |
| url | https://ir.uitm.edu.my/id/eprint/32304/ https://ir.uitm.edu.my/id/eprint/32304/ |