The impact of exchange rate fluctuations on the performance of the emerging Islamic stock indices for the period (2010-2019)‎

Other Title(s)

أثر تقلبات أسعار الصرف على أداء مؤشرات الأسهم الإسلامية الناشئة للفترة 2019-2010

Joint Authors

Bin Ayyad, Muhammad Samir
Basaba, Abd al-Qadir
Radif, Mustafa

Source

Journal of Financial, Accounting and Managerial Studies

Issue

Vol. 6, Issue 3 (31 Dec. 2019), pp.613-630, 18 p.

Publisher

Université Larbi Ben M'hidi Oum El Bouaghi Laboratoire COFIFAS

Publication Date

2019-12-31

Country of Publication

Algeria

No. of Pages

18

Main Topic

Islamic Studies

Topics

Abstract EN

The aim of this article is to define whether the exchange rate volatilities affect the Islamic stock returns focusing on the emerging markets, by using a GARCH model via daily data of five countries.

The results show that the return of Islamic stock indices has a negative and significant relation with exchange rate risk exposure in all cases, which can be explained by the decrease of the local currency, can result to losses in the Islamic stock market, therefore decline in returns.

American Psychological Association (APA)

Basaba, Abd al-Qadir& Bin Ayyad, Muhammad Samir& Radif, Mustafa. 2019. The impact of exchange rate fluctuations on the performance of the emerging Islamic stock indices for the period (2010-2019). Journal of Financial, Accounting and Managerial Studies،Vol. 6, no. 3, pp.613-630.
https://search.emarefa.net/detail/BIM-954893

Modern Language Association (MLA)

Bin Ayyad, Muhammad Samir…[et al.]. The impact of exchange rate fluctuations on the performance of the emerging Islamic stock indices for the period (2010-2019). Journal of Financial, Accounting and Managerial Studies Vol. 6, no. 3 (Dec. 2019), pp.613-630.
https://search.emarefa.net/detail/BIM-954893

American Medical Association (AMA)

Basaba, Abd al-Qadir& Bin Ayyad, Muhammad Samir& Radif, Mustafa. The impact of exchange rate fluctuations on the performance of the emerging Islamic stock indices for the period (2010-2019). Journal of Financial, Accounting and Managerial Studies. 2019. Vol. 6, no. 3, pp.613-630.
https://search.emarefa.net/detail/BIM-954893

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 628-630

Record ID

BIM-954893