Modelling the return of shariah with underlying indices of national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh.
Shariah indices can be used to construct socially reliable investment products that are attractive for those, who do not wish to invest in undesired business. National Stock Exchange of India introduced Nifty 50 Shariah and Nifty 500 Shariah indices to provide alternative indices for Shariah complia...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Teknologi Mara Selangor
2016
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| Online Access: | https://ir.uitm.edu.my/id/eprint/32795/ |
| _version_ | 1848808116276166656 |
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| author | Siddiqui, Saif Sheikh, Safika Praveen |
| author_facet | Siddiqui, Saif Sheikh, Safika Praveen |
| author_sort | Siddiqui, Saif |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | Shariah indices can be used to construct socially reliable investment products that are attractive for those, who do not wish to invest in undesired business. National Stock Exchange of India introduced Nifty 50 Shariah and Nifty 500 Shariah indices to provide alternative indices for Shariah compliant companies. The study is an attempt to reveal the relationship between Nifty 50 Shariah and Nifty 500 Shariah with their underlying indices, Nifty 50 and Nifty 500.For this purpose a period of 01/01/2007 to 31/12/2015 is taken. Based on various objectives, techniques like Descriptive statistics, Correlation, Co-integration test, 3SLS and GMM estimation are used. It is concluded that return of Shariah Indices are better and risk is lesser, than underlying indices. These indices are the better option for portfolios. |
| first_indexed | 2025-11-14T22:53:36Z |
| format | Article |
| id | uitm-32795 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:53:36Z |
| publishDate | 2016 |
| publisher | Universiti Teknologi Mara Selangor |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-327952020-07-27T09:17:40Z https://ir.uitm.edu.my/id/eprint/32795/ Modelling the return of shariah with underlying indices of national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. jeeir Siddiqui, Saif Sheikh, Safika Praveen HG Finance Investment, capital formation, speculation Stock exchanges. Insider trading in securities Shariah indices can be used to construct socially reliable investment products that are attractive for those, who do not wish to invest in undesired business. National Stock Exchange of India introduced Nifty 50 Shariah and Nifty 500 Shariah indices to provide alternative indices for Shariah compliant companies. The study is an attempt to reveal the relationship between Nifty 50 Shariah and Nifty 500 Shariah with their underlying indices, Nifty 50 and Nifty 500.For this purpose a period of 01/01/2007 to 31/12/2015 is taken. Based on various objectives, techniques like Descriptive statistics, Correlation, Co-integration test, 3SLS and GMM estimation are used. It is concluded that return of Shariah Indices are better and risk is lesser, than underlying indices. These indices are the better option for portfolios. Universiti Teknologi Mara Selangor 2016-05 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32795/1/32795.pdf Siddiqui, Saif and Sheikh, Safika Praveen (2016) Modelling the return of shariah with underlying indices of national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. (2016) 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>, 4 (2). pp. 1-15. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/ |
| spellingShingle | HG Finance Investment, capital formation, speculation Stock exchanges. Insider trading in securities Siddiqui, Saif Sheikh, Safika Praveen Modelling the return of shariah with underlying indices of national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title | Modelling the return of shariah with underlying indices of
national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title_full | Modelling the return of shariah with underlying indices of
national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title_fullStr | Modelling the return of shariah with underlying indices of
national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title_full_unstemmed | Modelling the return of shariah with underlying indices of
national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title_short | Modelling the return of shariah with underlying indices of
national stock exchange of India : a case of 3SLS and GMM estimation / Saif Siddiqui and Safika Praveen Sheikh. |
| title_sort | modelling the return of shariah with underlying indices of
national stock exchange of india : a case of 3sls and gmm estimation / saif siddiqui and safika praveen sheikh. |
| topic | HG Finance Investment, capital formation, speculation Stock exchanges. Insider trading in securities |
| url | https://ir.uitm.edu.my/id/eprint/32795/ https://ir.uitm.edu.my/id/eprint/32795/ |