Capital asset pricing model and pricing of Islamic financial instruments
The prohibitions of ribā (interest) and trading in non-ḥalāl businesses in Islam redefines investment universe assumed by Capital Asset Pricing Model (CAPM). In Islamic investment world, risk-free asset and market portfolio with non-ḥalāl constituents are irrelevant. We propose two-versions of Sharī...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
King Abdulaziz University
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/53401/ http://irep.iium.edu.my/53401/ http://irep.iium.edu.my/53401/ http://irep.iium.edu.my/53401/1/JKAU%20IE%20Journal-%2029%20No1%20Jan%202016.pdf http://irep.iium.edu.my/53401/7/53401-Capital%20asset%20pricing%20model%20and%20pricing%20of%20islamic%20financial%20instruments_SCOPUS.pdf |