Are shariah-compliant structured products able to withstand global financial shocks? A new perspective on the performance of shariah-compliant structured investment-linked plans in Malaysia

Islamic structured product is a shariah-compliant asset class that is considered as a recent innovation in the financial market. In view of the increasing presence of Islamic finance in the global financial scenario, research on Islamic structured product has captured substantial interests among the...

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Bibliographic Details
Main Authors: Rahman, Maya Puspa, Kassim, Salina
Format: Article
Language:English
English
Published: Statistical, Economic and Social Research Training Centre for Islamic Country 2017
Subjects:
Online Access:http://irep.iium.edu.my/57720/1/JECD_SP%20Full%20Paper.pdf
http://irep.iium.edu.my/57720/7/57220_Are%20shariah-compliant%20structured%20products_SCOPUS.pdf
http://irep.iium.edu.my/57720/
http://www.sesric.org/publications-jecd.php
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Summary:Islamic structured product is a shariah-compliant asset class that is considered as a recent innovation in the financial market. In view of the increasing presence of Islamic finance in the global financial scenario, research on Islamic structured product has captured substantial interests among the investment community searching for new alternatives, particularly during uncertain market conditions. This study aims to serve as one of the pioneering empirical references for investors to evaluate Islamic structured investments, and for the regulators to strengthen the regulatory framework for such products in order to continuously protect investors’ interests and provide a conducive environment for further growth of the industry