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A study of performance of the KLSE Syariah Index

This study compares the performance of the Syariah Index (SI) and the Composite Index (CI) of the Kuala Lumpur Stock Exchange (KLSE) during the period April 1999 to January 2002. Both the raw and risk-adjusted returns were calculated for the indices for the whole and two subperiods. Results based on...

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Main Authors:	Ahmad, Zamri, Ibrahim, Haslinda
Format:	Article
Language:	English
Published:	Universiti Utara Malaysia 2002
Subjects:	HG Finance
Online Access:	http://repo.uum.edu.my/410/1/Ahmad_Zamri.pdf http://repo.uum.edu.my/410/ http://mmj.uum.edu.my
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id	my.uum.repo.410
record_format	eprints
spelling	my.uum.repo.4102020-11-03T01:13:05Z http://repo.uum.edu.my/410/ A study of performance of the KLSE Syariah Index Ahmad, Zamri Ibrahim, Haslinda HG Finance This study compares the performance of the Syariah Index (SI) and the Composite Index (CI) of the Kuala Lumpur Stock Exchange (KLSE) during the period April 1999 to January 2002. Both the raw and risk-adjusted returns were calculated for the indices for the whole and two subperiods. Results based on the raw returns revealed that generally, the KLSE SI and CI recorded the same level of returns. Tests using performance measures of Adjusted Sharpe Index, Treynor Index and Adjusted Jensen Alpha revealed that there were also no significant difference in the (risk-adjusted) performance of both indices. We therefore conclude that Syariah-approved stocks were not more favourable than the other stocks in the KLSE. Universiti Utara Malaysia 2002 Article PeerReviewed application/pdf en http://repo.uum.edu.my/410/1/Ahmad_Zamri.pdf Ahmad, Zamri and Ibrahim, Haslinda (2002) A study of performance of the KLSE Syariah Index. Malaysian Management Journal, 6 (1&2). pp. 25-34. ISSN 0128-6226 http://mmj.uum.edu.my
institution	Universiti Utara Malaysia
building	UUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Utara Malaysia
content_source	UUM Institutional Repository
url_provider	http://repo.uum.edu.my/
language	English
topic	HG Finance
spellingShingle	HG Finance Ahmad, Zamri Ibrahim, Haslinda A study of performance of the KLSE Syariah Index
description	This study compares the performance of the Syariah Index (SI) and the Composite Index (CI) of the Kuala Lumpur Stock Exchange (KLSE) during the period April 1999 to January 2002. Both the raw and risk-adjusted returns were calculated for the indices for the whole and two subperiods. Results based on the raw returns revealed that generally, the KLSE SI and CI recorded the same level of returns. Tests using performance measures of Adjusted Sharpe Index, Treynor Index and Adjusted Jensen Alpha revealed that there were also no significant difference in the (risk-adjusted) performance of both indices. We therefore conclude that Syariah-approved stocks were not more favourable than the other stocks in the KLSE.
format	Article
author	Ahmad, Zamri Ibrahim, Haslinda
author_facet	Ahmad, Zamri Ibrahim, Haslinda
author_sort	Ahmad, Zamri
title	A study of performance of the KLSE Syariah Index
title_short	A study of performance of the KLSE Syariah Index
title_full	A study of performance of the KLSE Syariah Index
title_fullStr	A study of performance of the KLSE Syariah Index
title_full_unstemmed	A study of performance of the KLSE Syariah Index
title_sort	study of performance of the klse syariah index
publisher	Universiti Utara Malaysia
publishDate	2002
url	http://repo.uum.edu.my/410/1/Ahmad_Zamri.pdf http://repo.uum.edu.my/410/ http://mmj.uum.edu.my
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score	13.211869

A study of performance of the KLSE Syariah Index

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