Do Islamic stock indexes outperform conventional stock indexes? A stochastic dominance approach

By Osamah M. Al-Khazali, Hooi Hooi Lean, Anis Samet. 2014

308 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b8f27bb4f80780a02e6ab1e4ec42b68016fb5bad

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. M. K. Hassan
2. Md. Bokhtiar Hasan, PhD
3. Fadzlan Sufian
4. Fotios Pasiouras
5. Samir Srairi
6. Roman Matousek
7. Olena Havrylchyk

In Economics and Econometrics

1. M. Mahi
2. M. K. Hassan
3. Abul Bashar Bhuiyan
4. Md. Bokhtiar Hasan, PhD

Citations in the corpus

• The resilience of Islamic equity funds during COVID-19: Evidence from risk adjusted performance, investment styles and volatility timing (2020, unknown): “(2008), and Al-Khazali et al. (2014), the SD does not require funds’ returns to be normally distributed and can help in ranking the funds without making an assumption about the distribution. In essence, the SD relies on the probability density function of conventional and Islamic funds’ returns. We ”
• Dynamic risk spillovers between gold, oil prices and conventional, sustainability and Islamic equity aggregates and sectors with portfolio implications (2017, unknown): “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).”
• Risk transmission between Islamic and conventional stock markets: A return and volatility spillover analysis (2017, unknown): “In this respect, several studies, such as those of Al-Khazali et al. (2014), Ho et al. (2014) and Jawadi et al.”
• Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis (2021, background): “…over their conventional counterparts, especially in times of crisis, attributable to their conservative nature (for example, Hussein and Omran, 2005; Ho et al., 2014; Al-Khazali, Lean, and Samet, 2014; Alexakis, Pappas, and Tsikouras, 2015; Azmi, Ng, Dewandaru, and Nagayev, 2019, among others).”