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Performance evaluation of Islamic mutual funds in Saudi Arabia: a case study
Joint Authors
Barca, al-Mahdi
Khulayfi, Aminah
Khalifah, Asiya
Source
Journal of Economics and Sustainable Development
Issue
Vol. 6, Issue 2 (30 Sep. 2023), pp.802-812, 11 p.
Publisher
Publication Date
2023-09-30
Country of Publication
Algeria
No. of Pages
11
Main Subjects
Business Administration
Islamic Economics and Finance
Tourism
Topics
Abstract EN
The purpose of this study is to evaluate the performance of Islamic mutual funds in Saudi Arabia by comparing their risk-return behavior with Tadawul all share index during the period from January 2018 to December 2021.
we examine their performance by employing several measures such as Sharpe, Treynor, Jensen alpha and their variants.
our results show that the performance evaluation is sensitive to the benchmark and the performance measures used for comparison.
furthermore, the selection of performance measurement methods depends on the investor's investment objectives, risk tolerance and personal preferences.
moreover, we found that the average returns and volatility of Islamic mutual funds are consistent with the performance of Tadawul all share index.
this study is important to contribute positively to the development of the Islamic fund management by exploring and employing econometrics modelling to evaluate the investment portfolios.
American Psychological Association (APA)
Khulayfi, Aminah& Barca, al-Mahdi& Khalifah, Asiya. 2023. Performance evaluation of Islamic mutual funds in Saudi Arabia: a case study. Journal of Economics and Sustainable Development،Vol. 6, no. 2, pp.802-812.
https://search.emarefa.net/detail/BIM-1511173
Modern Language Association (MLA)
Khulayfi, Aminah…[et al.]. Performance evaluation of Islamic mutual funds in Saudi Arabia: a case study. Journal of Economics and Sustainable Development Vol. 6, no. 2 (Sep. 2023), pp.802-812.
https://search.emarefa.net/detail/BIM-1511173
American Medical Association (AMA)
Khulayfi, Aminah& Barca, al-Mahdi& Khalifah, Asiya. Performance evaluation of Islamic mutual funds in Saudi Arabia: a case study. Journal of Economics and Sustainable Development. 2023. Vol. 6, no. 2, pp.802-812.
https://search.emarefa.net/detail/BIM-1511173
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references: p. 812
Record ID
BIM-1511173