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dc.contributor.authorBianchi, Robert
dc.contributor.authorDrew, Michael
dc.contributor.authorNathie, Mahmood
dc.date.accessioned2017-11-27T01:55:25Z
dc.date.available2017-11-27T01:55:25Z
dc.date.issued2015
dc.identifier.issn2292-0579
dc.identifier.urihttp://hdl.handle.net/10072/354128
dc.description.abstractThis study considers the performance of U.S. shariah compliant share indexes over the long - term. Despi te their relatively short empirical history, we re - construct shariah compliant index returns by mapping their monthly performance to well recognised systematic risk factors from 1927 - 2011. The findings reveal that these indices are exposed to moderate mark et beta, large cap and growth stock risk factors. The long - term analysis suggests there are no significant performance differences between the returns from shariah stock indices and the broad U.S. market, even across different U.S. economic and monetary co nditions. The findings suggest that shariah compliant investors can deliver similar return and risk characteristics as broad U.S. stocks without compromising their faith based beliefs.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherLibrary & Archive Canada
dc.publisher.urihttp://www.eco-ena.ca/islamic-economics-journal.html
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto29
dc.relation.ispartofissue1
dc.relation.ispartofjournalThe Canadian Journal of Islamic Economics & Islamic Finance
dc.relation.ispartofvolume1
dc.subject.fieldofresearchFinance
dc.subject.fieldofresearchcode150201
dc.titleShariah compliant stock indexes: A long-term perspective
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorBianchi, Robert
gro.griffith.authorDrew, Michael E.
gro.griffith.authorNathie, Mahmood


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