A wavelet approach to timescale relationships among the Islamic and conventional stock markets and LIBOR
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A series of financial crises in recent times resulted in an increase in contagion and correlations between assets making investments in conventional securities a little more unsafe. Therefore, global investors started looking for alternative assets to diversify their portfolios. One of the alternative assets that has been growing very fast over the recent period is the Islamic financial sectors which has been growing at an average rate of 15 percent to 20 percent per annum over the past decade. The risk-return profile of Islamic products, such as Islamic stocks, is expected to be different from that of conventional stocks.
Wavelet approach , Stock markets , Islamic stocks , Conventional stocks , LIBOR , Islamic equity
El Alaoui, A. O., Dewandaru, G., Bacha, O. I., & Mohammed Masih, A. M. (2017). A wavelet approach to timescale relationships among the Islamic and conventional stock markets and LIBOR. In M. Kabir Hassan (Ed.), Handbook of empirical research on Islam and economic life (pp. 657-684). Cheltenham, United Kingdom: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited