الأسهم الاسلامية ملاذ آمن للاستثمار: دراسة تطبيقية باستخدام نموذج Garch على السوق المالي الماليزي في ظل أزمة كوفيد 19

الملخص EN

Islamic finance has been defined as a more robust system, especially in crises.

The study aims to test this hypothesis by projecting on the Malaysian financial market by comparing the long-term volatility of the market index and its Islamic index fro; 02/01/2015 to 30/06/2021 using the Garch model, and we found that the Islamic index was the most volatile.

But by comparing the change in volatility of the two indexs in period of the crisis resulting of the Covid-19 pandemic, the Islamic index was less affected by the shock, which supports previous studies in the solidity of Islamic assets and their being safer assets during periods of economic recession.