Edited by M. Kabir Hassan
This chapter introduces three quantitative studies of Islamic and conventional stock and bond assets. These studies explore performance characteristics in addition to the impact of financial crises and macroeconomic news surprises. As of 2013, global Islamic financial assets were $1.7 trillion and they are forecast to grow to $3.4 trillion by 2018. Islamic assets have been growing at a substantial average annual rate of 17.6 per cent over the period 2008–12, increasing 50 per cent faster than the overall banking sector. In this context, this chapter is well positioned to contribute to the emerging body of quantitative research on Islamic financial products. The results of these studies will provide key information for local and international investors setting investment and portfolio management strategies involving Islamic assets.
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