This study endeavors to explore the shock-transmission mechanism between Trade Policy Uncertainty (TPU) and the volatility inherent in the Gulf Cooperation Council (GCC) Islamic stock markets by employing the novel Quantile Vector Auto Regression (QVAR) with "Extended Joint" and "Frequency"...

In the wake of the recent financial crisis in the United States, there has been a call for greater accountability and transparency in the financial industry. The resulting regulatory initiatives have profoundly impacted numerous facets of global finance, including Islamic financial models in the...