![](/images/graphics-bg.png)
Lunar calendar and Ramadān effect on performance of mutual funds in Pakistan
المؤلفون المشاركون
Ramai, Muhammad Ismail
Ashraf, Muhammad
المصدر
Journal of Islamic Business and Management
العدد
المجلد 7، العدد 2 (31 ديسمبر/كانون الأول 2017)، ص ص. 135-146، 12ص.
الناشر
Riphah International University Riphah Centre of Islamic Business
تاريخ النشر
2017-12-31
دولة النشر
باكستان
عدد الصفحات
12
التخصصات الرئيسية
العلوم المالية و المحاسبية
الدراسات الإسلامية
الملخص EN
This paper is primarily intended to find out the effect of the lunar calendar with the special focus of the holy month of Ramaān on the performance of mutual funds in Pakistan.
Economic activity in Pakistan takes a different turn due to observation of iyām (fasting) and shorter working hours in the country in the month of Ramaān.
People are generally more tilted towards the religious and spiritual activities in this month.
The paper uses the logit model to study the impact of lunar calendar generally and the holy month of Ramaān specifically, on the net asset values of the mutual funds – an important category of Islamic capital market.
The study confirms the low expected growth of net asset value in the month of Ramaān and the other periods of the religious sentiment like Dhū al-Hajjah in the case of Islamic mutual funds.
In case of conventional (interest based) mutual funds, however, net asset value of the Funds depicted phenomenal growth.
Economic activity regains its pace after Ramaān and Dhū al-Hajjah as this is evident from the likelihood increase of net asset value of the Islamic mutual funds in the month of Shawwāl & Muarram, the months following Ramaān and Dhū al-Hajjah respectively.
In contrast, growth in conventional mutual funds is not much influenced by the periods of religious sentiment.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Ashraf, Muhammad& Ramai, Muhammad Ismail. 2017. Lunar calendar and Ramadān effect on performance of mutual funds in Pakistan. Journal of Islamic Business and Management،Vol. 7, no. 2, pp.135-146.
https://search.emarefa.net/detail/BIM-836915
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Ashraf, Muhammad& Ramai, Muhammad Ismail. Lunar calendar and Ramadān effect on performance of mutual funds in Pakistan. Journal of Islamic Business and Management Vol. 7, no. 2 (2017), pp.135-146.
https://search.emarefa.net/detail/BIM-836915
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Ashraf, Muhammad& Ramai, Muhammad Ismail. Lunar calendar and Ramadān effect on performance of mutual funds in Pakistan. Journal of Islamic Business and Management. 2017. Vol. 7, no. 2, pp.135-146.
https://search.emarefa.net/detail/BIM-836915
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 145-146
رقم السجل
BIM-836915
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
![](/images/ebook-kashef.png)
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
![](/images/kashef-image.png)