International Journal of Islamic and Middle Eastern Finance and Management: Volume 13 Issue 1

The diversification benefit of Islamic investment to Chinese conventional equity investors: Evidence from the multivariate GARCH analysis

Buerhan Saiti, Yusuf Ma, Ruslan Nagayev, İbrahim Güran Yumusak

The purpose of this paper is to investigate the extent to which Chinese equity investors can benefit from diversifying their portfolio into Shariah-compliant (Islamic) indices. It…

Herding behaviour and Islamic market efficiency assessment: case of Dow Jones and Sukuk market

Emna Mnif, Bassem Salhi, Anis Jarboui

The purpose of this paper is to present the Islamic stock and Sukuk market efficiency and focus on the presence of investor herding behaviour (HB) captured by Hurst exponent…

Managerial ownership and stock price crash risk: a case of Iranian firms

Ali Haghighi, Mehdi Safari Gerayli

Increasing managerial ownership gives rise to the managerial opportunistic behaviors, among which bad news hoarding has attracted a lot of attention. Nevertheless, there always…

Need for calibration: applying a maximum threshold to liquidity ratio for Islamic banks

Muhammed Habib Dolgun, Adam Ng, Abbas Mirakhor

The purpose of this paper is to highlight the effects of liquidity regulations on Islamic banking using Turkey as a case study. It recommends an alternative mechanism using…

The association between intellectual capital and financial performance in the Islamic banking industry: An analysis of the GCC banks

A.A. Ousama, Helmi Hammami, Mustafa Abdulkarim

The purpose of this study is to empirically investigate the impact of intellectual capital (IC) on the financial performance of Islamic banks operating in the Gulf Cooperation…

Co-movements and diversification opportunities among Dow Jones Islamic indexes

Monia Antar, Fatma Alahouel

This paper aims to analyse the opportunity of an exclusive investment in the DJ Islamic indexes. The objective is to characterize the links between MENA region index with seven DJ…

Islamic ethics, capital structure and profitability of banks; what makes Islamic banks different?

Kaouther Toumi

The paper aims to investigate whether the Islamic banks (IBs) and the conventional banks (CBs) could be distinguished from one another on the basis of their capital structure…

Is there a Ramadhan effect on Sharia mutual funds? Evidence from Indonesia and Malaysia

Rofikoh Rokhim, Irma Octaviani

This paper aims to examine whether Sharia mutual fund managers are able to gain abnormal returns from what is called the Ramadhan effect.

Determinants of intention to use Islamic banking: A comparative analysis of users and non-users of Islamic banking: evidence from Pakistan

Samia Ayyub, Wang Xuhui, Muhammad Asif, Rana Muhammad Ayyub

This paper aims to explore the determinants of intention to use Islamic banking and compare the consumer behavior of users and non-users of Islamic banking. This study…