Risk and return characteristics of Islamic equity funds

@inproceedings{Hayat2015RiskAR,
  title={Risk and return characteristics of Islamic equity funds},
  author={Raphie Hayat and Roman Kraeussl},
  year={2015}
}
  • Raphie Hayat, Roman Kraeussl
  • Published 2015
Article history: Received 10 January 2010 Received in revised form 2 February 2011 Accepted 14 February 2011 Available online 24 February 2011 Islamic equity funds (IEFs) differ fundamentally from conventional equity funds since Muslims are prohibited to invest in certain companies/sectors and pay or receive interest. This paper analyzes the risk and return characteristics of a sample of 145 IEFs over the period 2000 to 2009. Our results show that IEFs are underperformers compared to Islamic as… CONTINUE READING
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