Export competitiveness is an important issue for any country. This paper aims to discern the factors that affect the export competitiveness of a country. Malaysia is taken as a case study. Theoretically, exports are expected to be affected, among others, by factors such as, inflation rate,...

The paper analyzes dynamic interactions among four macroeconomic variables, namely real gross domestic product (GDP), real exports, real exchange rate and foreign direct investment (FDI) for the Malaysian case using standard time series techniques. Malaysia’s GDP seems to be more driven by...

This study explores the possible cointegrating relationship between the Malaysian Islamic index (EMAS) with other regional and international Islamic indices represented by Dow Jones Islamic Index. We selected five variables for the purpose of this study including EMAS and four Dow Jones Islamic...

The connection between oil price fluctuations and stock markets has gained much attention in the recent decades due to the critical importance of global oil prices. This paper aims to study the Granger-causal relationship between real prices of the Islamic stock market and real oil prices – a...

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,...

Islamic finance is still both a nascent and niche market globally. That its products “mimic” their conventional counterparts is a constant cry of criticism often heard spoken among financial professionals. That financial products are developed and marketed in the global capital markets is...

Islamic finance has been growing globally particularly after the subprime crisis of 2007-2008.This paper is an attempt to ask two questions on Islamic finance:(i)Assuming that an investor is bounded by Shariah compliant equity investment in the emerging markets, which equity market is more...

Most of the earlier studies on index effects and co-movement of stock markets focused mainly on conventional equity markets. In contrast to previous studies, this research investigated the co-movement of Dow Jones Islamic Market sustainability and its peers Dow Jones Islamic and sustainability...

This study investigates the issue of integration in regional Islamic equity markets. For this purpose, four of the Dow Jones Islamic indexes, namely USA, UK, Euro Zone, and Asia Pacific have been selected for analysis. The issue is approached from two perspectives: (i) whether these markets move...

This paper investigates the lead-lag relationship between Islamic ETF price and strategic commodities such as, oil and gold price. Standard time-series techniques are employed. Malaysia is used as a case study. The findings tend to indicate that Islamic ETF price is co-integrated with the...