This study is to expose the sharia concept in the Islamic market, especially on the practice of
the equilibrium model or the Capital Asset Pricing Model (CAPM). Islamic index and sharia …

This study examines the relative importance of the Shariah-Compliant Dow Jones market
indexes to capture the dynamic behavior of stock returns at economy and industry levels …

Purpose This paper aims to study the cross section of expected returns on Shari'ah-
compliant stocks in Pakistan by using single-and multi-factor asset pricing models …

The key objective of this study is to recommend a novel approach in pricing Shariah based
financial assets by testing Shariah-Compliant Capital Asset Pricing Models which can …

Our study examines the multi‐period Islamic investment issue in GCC markets. We assess
the validity of ICAPM by incorporating market dynamics: volatility and uncertainty. To test the …

This article offers a conceptual framework for developing the Shari'ah-Compliant Asset
Pricing Model using the Maqasid al-Shari'ah and Islamic Wealth Management. This article …

Islam does not recognize risk-free in an investment because it contains ribawi elements that
are prohibited in Islam. Based on sharia principles, the CAPM model actually cannot be …

Abstract The Capital Asset Pricing Model (CAPM), which has interest rates in its
specification, can be deemed non-Shariah compliant. Therefore, the sukuk rate has been …

This original book examines how investment theory and regulatory constraints are linked to
the professional processes of portfolio investments, and how the principles of Islam as …

This study aimed to compare the three models SCAPM, namely SCAPM without risk free,
SCAPM inflation and SCAPM zakat to know which model is more optimal use. The method …