Islamic and conventional behavioural finance: A critical analysis
The purpose of this study is to critically analyze existing literature on behavioral finance and to draw conclusions and recommendations for future studies in this area. The study is based on a critical review of the literature of Islamic and conventional behavioral finance. The findings reveal...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
King Abdul Aziz University
2015
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/49437/ http://irep.iium.edu.my/49437/ http://irep.iium.edu.my/49437/1/153874_28-2-10-OsmanSayid-6.pdf |
| Summary: | The purpose of this study is to critically analyze
existing literature on behavioral finance and to draw
conclusions and recommendations for future studies in this area.
The study is based on a critical review of the literature of
Islamic and conventional behavioral finance. The findings
reveal that investors are affected by psychological and social
factors toward their financial decision-making process with
respect to investment and choosing a particular financial
product. The paper concludes that Islamic behavioral finance is
a relatively new and efforts are needed to advance work in this
area compared with the more advanced conventional behavioral
finance. Behavioral issues are, however, gaining considerable
attention from a broad spectrum of investors, especially those in
the Muslim world. |
|---|