Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?

Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?

Various stakeholders and academicians have shown their interest in the study of capital market instruments such as stock market, bond and real estate investment trust (REITs). As such, there rises a need to review the importance of capital markets integration. This study took a closer look at the...

Full description

Bibliographic Details
Main Authors: Mohd Yahya Mohd Hussin, Noor Hashimah Husaini, Fidlizan Muhammad, Azila Abdul Razak, Fatimah Salwa Abdul Hadi
Format: Article
Language:English
Published: School of Social, Development and Environmental Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia 2016
Online Access:http://journalarticle.ukm.my/10326/
http://journalarticle.ukm.my/10326/
http://journalarticle.ukm.my/10326/1/7x.full-geo-mei16-mohdyahya-edam.pdf
id ukm-10326
recordtype eprints
spelling ukm-103262017-04-20T09:34:31Z http://journalarticle.ukm.my/10326/ Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors? Mohd Yahya Mohd Hussin, Noor Hashimah Husaini, Fidlizan Muhammad, Azila Abdul Razak, Fatimah Salwa Abdul Hadi, Various stakeholders and academicians have shown their interest in the study of capital market instruments such as stock market, bond and real estate investment trust (REITs). As such, there rises a need to review the importance of capital markets integration. This study took a closer look at the co-integration between Islamic real estate investment trust counters in Malaysia by applying the Vector Auto Regression (VAR) method. Data were generated by processing monthly data from January 2007 to December 2013 obtained from authorized sources. The findings indicated that there was no long-run or equilibrium relationship between the Islamic al-Aqar, al-Hadharah and Axis counters. Based on the results, it can be concluded that the Islamic REIT companies in Malaysia do not integrate each other in the long run. This will create opportunity for investors to diversify their investment portfolios in Malaysia. As seen from the Granger causality view, the Hadharah and Axis returns were driven by al-Aqar returns in the short run. School of Social, Development and Environmental Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia 2016-05 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/10326/1/7x.full-geo-mei16-mohdyahya-edam.pdf Mohd Yahya Mohd Hussin, and Noor Hashimah Husaini, and Fidlizan Muhammad, and Azila Abdul Razak, and Fatimah Salwa Abdul Hadi, (2016) Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors? Geografia : Malaysian Journal of Society and Space, 12 (7). pp. 75-82. ISSN 2180-2491 http://www.ukm.my/geografia/v2/index.php?cont=a&item=2&thn=2016&vol=12&issue=7&ver=loc
repository_type Digital Repository
institution_category Local University
institution Universiti Kebangasaan Malaysia
building UKM Institutional Repository
collection Online Access
language English
description Various stakeholders and academicians have shown their interest in the study of capital market instruments such as stock market, bond and real estate investment trust (REITs). As such, there rises a need to review the importance of capital markets integration. This study took a closer look at the co-integration between Islamic real estate investment trust counters in Malaysia by applying the Vector Auto Regression (VAR) method. Data were generated by processing monthly data from January 2007 to December 2013 obtained from authorized sources. The findings indicated that there was no long-run or equilibrium relationship between the Islamic al-Aqar, al-Hadharah and Axis counters. Based on the results, it can be concluded that the Islamic REIT companies in Malaysia do not integrate each other in the long run. This will create opportunity for investors to diversify their investment portfolios in Malaysia. As seen from the Granger causality view, the Hadharah and Axis returns were driven by al-Aqar returns in the short run.
format Article
author Mohd Yahya Mohd Hussin,
Noor Hashimah Husaini,
Fidlizan Muhammad,
Azila Abdul Razak,
Fatimah Salwa Abdul Hadi,
spellingShingle Mohd Yahya Mohd Hussin,
Noor Hashimah Husaini,
Fidlizan Muhammad,
Azila Abdul Razak,
Fatimah Salwa Abdul Hadi,
Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
author_facet Mohd Yahya Mohd Hussin,
Noor Hashimah Husaini,
Fidlizan Muhammad,
Azila Abdul Razak,
Fatimah Salwa Abdul Hadi,
author_sort Mohd Yahya Mohd Hussin,
title Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
title_short Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
title_full Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
title_fullStr Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
title_full_unstemmed Integration of Islamic real estate investment trusts in Malaysia: is it an issue for investors?
title_sort integration of islamic real estate investment trusts in malaysia: is it an issue for investors?
publisher School of Social, Development and Environmental Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia
publishDate 2016
url http://journalarticle.ukm.my/10326/
http://journalarticle.ukm.my/10326/
http://journalarticle.ukm.my/10326/1/7x.full-geo-mei16-mohdyahya-edam.pdf
first_indexed 2023-09-18T19:57:06Z
last_indexed 2023-09-18T19:57:06Z
_version_ 1777406602204151808

Similar Items