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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Main Authors:	Noordin, Nazrul Hazizi, Saiti, Buerhan
Format:	Article
Language:	English English
Published:	Universiti Putra Malaysia 2018
Subjects:	HB126.4 Islamic Economics HF5717 Business communication HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/54056/ http://irep.iium.edu.my/54056/ 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

id	iium-54056
recordtype	eprints
spelling	iium-540562018-12-17T01:18:26Z http://irep.iium.edu.my/54056/ The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors Noordin, Nazrul Hazizi Saiti, Buerhan 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. Universiti Putra Malaysia 2018-06 Article PeerReviewed 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 Noordin, Nazrul Hazizi and Saiti, Buerhan (2018) The diversification benefits within Islamic investments: the case of Malaysia-based Islamic equity investors. Pertanika Journal of Social Sciences and Humanities, 26 (2). pp. 961-984. ISSN 0128-7702 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2026%20(2)%20Jun.%202018/23%20JSSH-2235-2017-3rdProof.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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 Noordin, Nazrul Hazizi Saiti, Buerhan 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
author	Noordin, Nazrul Hazizi Saiti, Buerhan
author_facet	Noordin, Nazrul Hazizi Saiti, Buerhan
author_sort	Noordin, Nazrul Hazizi
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
publisher	Universiti Putra Malaysia
publishDate	2018
url	http://irep.iium.edu.my/54056/ http://irep.iium.edu.my/54056/ 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
first_indexed	2023-09-18T21:16:29Z
last_indexed	2023-09-18T21:16:29Z
_version_	1777411596921864192

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

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