Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali

Using the sample of 107 shariah-compliant and non shariah-compliant securities in Malaysia from January 1990 to December 2011, we examine their performances by applying the performance measure of Jensen Alpha Index and Treynor Index. The sample period is divided into four segments of pre AFC (Asian...

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Main Authors:	Abu Bakar, Mohd Allif Anwar, Ali, Norli
Format:	Article
Language:	English
Published:	Faculty of Accountancy & Accounting Research Institute (ARI) 2014
Subjects:	Islam Performance standards Investment companies. Investment trusts. Mutual funds Government securities. Industrial securities. Venture capital
Online Access:	http://ir.uitm.edu.my/id/eprint/13678/ http://ir.uitm.edu.my/id/eprint/13678/1/AJ_MOHD%20ALLIF%20ANWAR%20ABU%20BAKAR%20MAR%2014.pdf

id	uitm-13678
recordtype	eprints
spelling	uitm-136782016-07-21T07:21:28Z http://ir.uitm.edu.my/id/eprint/13678/ Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali Abu Bakar, Mohd Allif Anwar Ali, Norli Islam Performance standards Investment companies. Investment trusts. Mutual funds Government securities. Industrial securities. Venture capital Using the sample of 107 shariah-compliant and non shariah-compliant securities in Malaysia from January 1990 to December 2011, we examine their performances by applying the performance measure of Jensen Alpha Index and Treynor Index. The sample period is divided into four segments of pre AFC (Asian Financial Crisis), during AFC, post AFC and Subprime Mortgage Crisis. Our results showed that the performance of shariah compliant securities tend to be indifferent with non shariah-compliant securities. However, the performance of both portfolios is significantly different between the four segments of pre AFC, during AFC, post AFC and Subprime Mortgage Crisis. One important portfolio implication from this study is that the market players are able to plan ahead in their investment and portfolio diversification especially during economic downturns. Faculty of Accountancy & Accounting Research Institute (ARI) 2014 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13678/1/AJ_MOHD%20ALLIF%20ANWAR%20ABU%20BAKAR%20MAR%2014.pdf Abu Bakar, Mohd Allif Anwar and Ali, Norli (2014) Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali. Malaysian Accounting Review, 13 (1). pp. 75-108. ISSN 1675-4077
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Islam Performance standards Investment companies. Investment trusts. Mutual funds Government securities. Industrial securities. Venture capital
spellingShingle	Islam Performance standards Investment companies. Investment trusts. Mutual funds Government securities. Industrial securities. Venture capital Abu Bakar, Mohd Allif Anwar Ali, Norli Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
description	Using the sample of 107 shariah-compliant and non shariah-compliant securities in Malaysia from January 1990 to December 2011, we examine their performances by applying the performance measure of Jensen Alpha Index and Treynor Index. The sample period is divided into four segments of pre AFC (Asian Financial Crisis), during AFC, post AFC and Subprime Mortgage Crisis. Our results showed that the performance of shariah compliant securities tend to be indifferent with non shariah-compliant securities. However, the performance of both portfolios is significantly different between the four segments of pre AFC, during AFC, post AFC and Subprime Mortgage Crisis. One important portfolio implication from this study is that the market players are able to plan ahead in their investment and portfolio diversification especially during economic downturns.
format	Article
author	Abu Bakar, Mohd Allif Anwar Ali, Norli
author_facet	Abu Bakar, Mohd Allif Anwar Ali, Norli
author_sort	Abu Bakar, Mohd Allif Anwar
title	Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
title_short	Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
title_full	Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
title_fullStr	Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
title_full_unstemmed	Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali
title_sort	performance measurement analysis : shariah-compliant vs. non shariah-compliant securities / mohd allif anwar and norli ali
publisher	Faculty of Accountancy & Accounting Research Institute (ARI)
publishDate	2014
url	http://ir.uitm.edu.my/id/eprint/13678/ http://ir.uitm.edu.my/id/eprint/13678/1/AJ_MOHD%20ALLIF%20ANWAR%20ABU%20BAKAR%20MAR%2014.pdf
first_indexed	2023-09-18T22:50:09Z
last_indexed	2023-09-18T22:50:09Z
_version_	1777417490207342592

Performance measurement analysis : Shariah-compliant vs. Non Shariah-compliant securities / Mohd Allif Anwar and Norli Ali

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