Logo
Munich Personal RePEc Archive

What drives the European islamic market: is it the conventional market or the other islamic markets ?

Touati, Fatima and Masih, Mansur (2018): What drives the European islamic market: is it the conventional market or the other islamic markets ?

[thumbnail of MPRA_paper_102911.pdf]
Preview
PDF
MPRA_paper_102911.pdf

Download (456kB) | Preview

Abstract

The objective of this research is to identify the influences between Islamic index in Europe, and its counterpart in Asia, whether the requirement of Shariah (Islamic) compliance of Islamic indexes will tend to get the indexes closer by being influential on each other, or other indexes such as, the conventional regional index and/or conventional interest rate such as LIBOR, will have more influence on the European Islamic index. To answer this question, we applied our study to the following indexes, European Islamic, Asian Islamic, Europe conventional, US conventional, and LIBOR. The standard time series techniques have been employed for the analysis. Our findings tend to indicate that European Islamic index will be influenced more by the movements in LIBOR and conventional markets, rather than the other Islamic indexes. For the policy makers and investors, our results are useful to predict movements of European Islamic index.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.