Do 'Sin Stocks' deprive Islamic stock portfolios of diversification? Some insights from the Use of MGARCH-DCC

There is this argument that Shari’ah compliant portfolios are at a disadvantage in terms of portfolio diversification given that the exclusion of ‘sin stocks’ shrinks the Islamic investor’s investment universe. This paper investigates first, whether there is empirical evidence to substantiate such...

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Bibliographic Details
Main Authors: Mustaffa Kamil, Nazrol Kamil, Bacha, Obiyathulla Ismath, Masih, Mansur
Format: Article
Language:English
Published: Malaysian Finance Association 2012
Subjects:
Online Access:http://irep.iium.edu.my/62234/
http://irep.iium.edu.my/62234/
http://irep.iium.edu.my/62234/1/CMR-Vol-20-Paper-3-2012.pdf