Using a large international sample of 35 developed and emerging markets, we analyze whether Islamic indices exhibit a different performance to conventional benchmarks. While there is no compelling evidence of performance differences in robust Sharpe ratio tests and after controlling for market...

Integrating Islamic funding with Halal industry is viewed as a way to increase consumers' confidence on Halal products and services as well as to boost up the Halal businesses. One of its approach is by channeling the Islamic funds from Islamic capital market instruments (ie. equity and sukuk)....

Faith-based mutual funds have recently become a growing corner of the mutual fund industry. Morality and ethics are thought to exert an influence on investors' decisions in this segment, although their role in driving such investments is not clear as these funds are also attractive due to their...