Risk and return characteristics of Islamic equity funds

  title={Risk and return characteristics of Islamic equity funds},
  author={Raphie Hayat and Roman Kraeussl},
  • 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
Highly Cited
This paper has 17 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications citing this paper.
Showing 1-10 of 11 extracted citations

Similar Papers

Loading similar papers…