What is it about?
The paper explores risk ad return performance, efficiency of and co-movement between Islamic and unrestricted portfolios in developed and emerging markets.
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Why is it important?
Unlike unrestricted portfolios, Islamic portfolios have a narrow opportunity set for investment. They also face trading restrictions due to the prohibition of futures, short selling, options and day trading which can potentially create significant limits to arbitrage. This research explores comparative performance, efficiency and co-movement of Islamic and unrestricted portfolios.
Perspectives
This paper helps in looking at Islamic and unrestricted portfolios comparatively with regards to risk and return performance during the crisis and non-crisis period and also in developed and emerging markets.
Dr Salman Ahmed Shaikh
Islamic Economics Project
Read the Original
This page is a summary of: Exploring Efficiency, Co-integration, Causality and Volatility Clustering in Unrestricted and Islamic Portfolios, January 2016, Springer Science + Business Media,
DOI: 10.1007/978-3-319-33991-7_6.
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