Performance of global islamic indices
This study examines the performance of global Islamic indices between Islamic and conventional indices during the period of 1st January 1999 to 31st October 2011. There are 12 global Islamic and conventional indices selected, which cover eight countries such as United States, United Kingdom, Malaysi...
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| Main Authors: | , , |
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| Format: | Non-Indexed Article |
| Published: |
2013
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| Online Access: | http://discol.umk.edu.my/id/eprint/8016/ http://fkp.umk.edu.my/journal/download/1.pdf |
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| Summary: | This study examines the performance of global Islamic indices between Islamic and
conventional indices during the period of 1st January 1999 to 31st October 2011. There are 12
global Islamic and conventional indices selected, which cover eight countries such as United
States, United Kingdom, Malaysia, Indonesia, Hong Kong, Switzerland, Indian, and France. The
Risk Adjusted Performance measurement is employed to estimate both the Islamic and
Conventional Indices. The correlation coefficient and t-test are used to test the relationship and
mean returns between both the Islamic and Conventional Indices. The results show that the Islamic
Indices are better and outperform the Conventional Indices. |
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