Is there a diversification “cost” of shari’ah compliance? empirical evidence from Malaysian equities
Islamic equity portfolios work with a smaller investment universe given the filtering of non-Shari’ah compliant stocks. It has been theoretically argued that this culminates in suboptimal portfolio diversification which in turn adversely affects risk-adjusted returns. We employ a number of methods,...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/67449/ http://irep.iium.edu.my/67449/1/67449_Is%20There%20A%20Diversification%20%E2%80%9CCost%E2%80%9D%20of%20Shari%E2%80%99ah%20Compliance.pdf |