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
Bisiba, Abd al-Qadir
Bin Ayyad, Muhammad Samir
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 Subjects
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)
Bisiba, 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)
Bisiba, Abd al-Qadir…[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)
Bisiba, 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