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 suc...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Malaysian Finance Association (MFA)
2012
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/71744/ http://irep.iium.edu.my/71744/ http://irep.iium.edu.my/71744/1/71744_Do%20Sin%20Stocks%20Deprive%20Islamic%20Stock%20Portfolios.pdf |