Risk and Return Characteristics of Islamic Equity Funds

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Dynamic dependence of the global Islamic equity index with global conventional equity market indices and risk factors (2014, background): “They mainly address the differences in risk and return characteristics between the Islamic investment and the conventional ones (e.g., Abdullah et al., 2007; Hayat and Kraussl, 2011; Milly and Sultan, 2012).”
On the comparative performance of socially responsible and Islamic mutual funds (2014, methodology): “Islamic equity investment is a new phenomenon, that dates back to 1994 when a new ruling3 was issued, allowing Muslim investors to trade in international stocks within certain parameters (Hayat and Kraeussl, 2011).”
Dynamic risk spillovers between gold, oil prices and conventional, sustainability and Islamic equity aggregates and sectors with portfolio implications (2017, neutral): “The early empirical literature has focused on the relative performance of the Islamic finance industry in comparison to its conventional counterparts (e.g., Hayat and Kraussl, 2011; Milly and Sultan, 2012; Beck et al., 2013; Jawadi et al., 2014; Al-Khazali et al., 2014).”