Sequence of Returns Risk for Islamic Investors
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For Islamic investors, sequencing risk is an omnipresent factor for retirement outcomes. This study shows that simple diversification can provide benefits to reducing the impact of sequencing risk. However, the results from the accumulation and distribution phases suggest that retirement products need to consider approaches that go beyond the received set-and-forget approach. The findings point rather to a more dynamic, whole-of-life approach to be adopted by Islamic retirement products.
Journal of Islamic Economics, Banking and Finance
© 2013 Islami Bank Training and Research Academy. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.