Despite the increasing attention to ethical investments, the empirical studies on Islamic
indices are scarce. Our article aims to contribute to the empirical literature by exploring the …

This paper uses stochastic dominance (SD) analysis to examine whether Islamic stock
indexes outperform conventional stock indexes by comparing nine Dow Jones Islamic …

Past studies have shown considerable differences between equity markets in conventional
and Islamic financial systems, in terms of financial products and principles. Using a copula …

Purpose–One of the implications of Islamic investment principles is the availability of Islamic
financial instruments in the financial market. The main aim of this research is to observe the …

Islamic equity funds (IEFs) differ fundamentally from conventional equity funds since
Muslims are prohibited to invest in certain companies/sectors and pay or receive interest …

In this paper, we present the current state of research in Islamic finance by focusing on three
spheres of knowledge: Islamic banking, Islamic fund management, and risk management …

Using a sample of Islamic and conventional mutual funds managed by HSBC, the fourth
largest fund manager in Saudi Arabia, from January 2003 to January 2010, we examine …

Purpose–This paper seeks to review and extend previous research on the performance of
Islamic mutual funds (IMFs) by evaluating the relative performance of IMFs and conventional …

Contradictory results are documented in the literature regarding which type of mutual fund
has superior performance; an Islamic or conventional mutual fund. Due to the relative short …

This study investigates the risk and return characteristics of Islamic funds in comparison with
SRI and the conventional open-end mutual funds for the UK, which, having attracted over£ …