Purpose – This paper aims to add to the debate regarding the appropriate methodology to purify tainted components from shari’ah -compliant equities. Design/methodology/approach – Based on the Qur’anical prohibition against riba and an analysis of the purification methodology recommended...

Purpose – The purpose of this paper is to apply technical analysis to some leading Islamic indices and explore if these indices are amenable to the same kind of analysis as applied to conventional indices and whether technical analysis, in contrast with fundamental analysis, produces distinct...