Is there a cost for adopting faith-based investment styles?
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Investment is an activity that involves the commitment of resources for a certain holding period in anticipation of creating more resource (wealth). This chapter focuses on the risk-adjusted performance of two-specific classes of assets, namely, the socially responsible investment (SRI) class and the shariah-compliant classes of assets. The aim is to ascertain whether investors have to bear an extra cost for choosing these classes of assets in their portfolio. In managing the Islamic finance space, religiosity and/or ethical practices prompt investors to discard so-called 'sin-stocks' and limit their investment horizons to permissible faith-based investment alternatives ...
Investment , Faith-based investment , Islamic finance , Social responsible investment (SRI)
Anwer, Z., Ramadili Mohd, S. M., & Mohd Rasid, M. E. S. (2019). Is there a cost for adopting faith-based investment styles? In M. Kabir Hassan, Mamunur Rashid and Sirajo Aliyu (Eds.), Islamic corporate finance (pp. 26-53). London: Taylor & Francis.
Taylor & Francis