Staff View: The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors

The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors

This article aims to assist Malaysia-based Islamic equity investors in identifying possible diversification benefits by diversifying their portfolio in the Southeast Asian market and the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US, Canada, France, Germany and Swi...

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Format:	Article
Language:	English English
Subjects:	HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf http://irep.iium.edu.my/54056/
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spelling	my.iium.irep.540562024-01-03T02:40:14Z http://irep.iium.edu.my/54056/ The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation This article aims to assist Malaysia-based Islamic equity investors in identifying possible diversification benefits by diversifying their portfolio in the Southeast Asian market and the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US, Canada, France, Germany and Switzerland). The multivariate GARCH-dynamic conditional correlation is applied to estimate the time-varying linkages of the selected Asian and international Islamic stock index returns with the Malaysian Islamic stock index returns, covering approximately eight years daily starting from 29 June, 2007 to 30 June, 2016. At the regional level, the results indicate that Malaysia-based Islamic equity investors would benefit most if they include the Japanese Islamic stock indices in their portfolio. Meanwhile, at the international level, the results imply that the US Islamic stock indices provide the most diversification benefit for the Malaysia-based Islamic equity investors. Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf application/pdf en http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf UNSPECIFIED The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors.
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English English
topic	HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation
spellingShingle	HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
description	This article aims to assist Malaysia-based Islamic equity investors in identifying possible diversification benefits by diversifying their portfolio in the Southeast Asian market and the top 10 world’s largest equity markets (China, Japan, Hong Kong, India, UK, US, Canada, France, Germany and Switzerland). The multivariate GARCH-dynamic conditional correlation is applied to estimate the time-varying linkages of the selected Asian and international Islamic stock index returns with the Malaysian Islamic stock index returns, covering approximately eight years daily starting from 29 June, 2007 to 30 June, 2016. At the regional level, the results indicate that Malaysia-based Islamic equity investors would benefit most if they include the Japanese Islamic stock indices in their portfolio. Meanwhile, at the international level, the results imply that the US Islamic stock indices provide the most diversification benefit for the Malaysia-based Islamic equity investors.
format	Article
title	The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
title_short	The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
title_full	The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
title_fullStr	The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
title_full_unstemmed	The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors
title_sort	diversification benefits within islamic investments: the case of malaysia-based islamic equity investors
url	http://irep.iium.edu.my/54056/1/54056_The%20Diversification%20Benefits%20within%20Islamic.pdf http://irep.iium.edu.my/54056/2/54056_The%20Diversification%20Benefits%20within%20Islamic_SCOPUS.pdf http://irep.iium.edu.my/54056/
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score	13.211869

The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors

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