The paper examined the volatility pattern of Shariah compliant stocks in India through January 2007 to July 2014. We calculate returns for each selected Shariah compliant stocks and tested for stationarity and autocorrelation using Augmented Dickey-Fuller test and Q statistics respectively. The...

Islamic investment is an emerging investment alternative even to withstand during financial turbulence. It is being demanded high in recent past because of its unique nature of socially responsible investment. This paper has examined the day of the week effect and weekend effect of S&P CNX Nifty...