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DC FieldValueLanguage
dc.contributor.authorAnwer, Zaheer-
dc.contributor.authorNaeem Azmi, Choudhari Wajahat-
dc.contributor.authorRamadili Mohd, Shamsher Mohamad-
dc.date.accessioned2020-09-17T08:40:09Z-
dc.date.available2020-09-17T08:40:09Z-
dc.date.issued2019-
dc.identifier.citationAnwer, Zaheer and Naeem Azmi, Choudhari Wajahat and Ramadili Mohd, Shamsher Mohamad. (2019). How do Islamic equities respond to monetary actions? International Journal of Emerging Markets, 14 (4), pp. 503-522.en_US
dc.identifier.issn1746-8809-
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3293-
dc.description.abstractThe purpose of this paper is to appraise the effectiveness of monetary policy actions in variant market conditions for Islamic stocks. These stocks offer ground for a natural experiment as they have restrictions on the line of business and their distinguished capital structure does not allow them to combat the liquidity crisis through the use of leverage. The paper uses the quantile regression approach for a multi-country sample of Islamic stock indices to assess the impact of domestic as well as US expansionary monetary policy on stock returns of Islamic indices at various locations of distribution of returns. It is found that, at lower return levels, an expansionary monetary policy has a negative effect on the returns. In other cases, there is no significant impact of policy rate change on index returns. It is more appropriate to use firm level data of Islamic stocks instead of stock indices. However, the information regarding index constituents is not publicly available ...en_US
dc.languageEnglish-
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2019. Emerald Publishing Limited-
dc.sourceSEDONA-
dc.subjectQuantile regressionen_US
dc.subjectMonetary policyen_US
dc.subjectIslamic stocksen_US
dc.titleHow do Islamic equities respond to monetary actions?en_US
dc.typeJournal Articleen_US
ikr.topic.maintopicIslamic capital marketsen_US
dc.identifier.doihttps://doi.org/10.1108/IJOEM-11-2017-0459-
ikr.doctypeScholarly Works-
Appears in Collections:Journal Article


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  • Full metadata record
    DC FieldValueLanguage
    dc.contributor.authorAnwer, Zaheer-
    dc.contributor.authorNaeem Azmi, Choudhari Wajahat-
    dc.contributor.authorRamadili Mohd, Shamsher Mohamad-
    dc.date.accessioned2020-09-17T08:40:09Z-
    dc.date.available2020-09-17T08:40:09Z-
    dc.date.issued2019-
    dc.identifier.citationAnwer, Zaheer and Naeem Azmi, Choudhari Wajahat and Ramadili Mohd, Shamsher Mohamad. (2019). How do Islamic equities respond to monetary actions? International Journal of Emerging Markets, 14 (4), pp. 503-522.en_US
    dc.identifier.issn1746-8809-
    dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3293-
    dc.description.abstractThe purpose of this paper is to appraise the effectiveness of monetary policy actions in variant market conditions for Islamic stocks. These stocks offer ground for a natural experiment as they have restrictions on the line of business and their distinguished capital structure does not allow them to combat the liquidity crisis through the use of leverage. The paper uses the quantile regression approach for a multi-country sample of Islamic stock indices to assess the impact of domestic as well as US expansionary monetary policy on stock returns of Islamic indices at various locations of distribution of returns. It is found that, at lower return levels, an expansionary monetary policy has a negative effect on the returns. In other cases, there is no significant impact of policy rate change on index returns. It is more appropriate to use firm level data of Islamic stocks instead of stock indices. However, the information regarding index constituents is not publicly available ...en_US
    dc.languageEnglish-
    dc.language.isoenen_US
    dc.publisherEmerald Publishing Limiteden_US
    dc.rights2019. Emerald Publishing Limited-
    dc.sourceSEDONA-
    dc.subjectQuantile regressionen_US
    dc.subjectMonetary policyen_US
    dc.subjectIslamic stocksen_US
    dc.titleHow do Islamic equities respond to monetary actions?en_US
    dc.typeJournal Articleen_US
    ikr.topic.maintopicIslamic capital marketsen_US
    dc.identifier.doihttps://doi.org/10.1108/IJOEM-11-2017-0459-
    ikr.doctypeScholarly Works-
    Appears in Collections:Journal Article


  • How_Islamic_equities_respond_monetary_actions_Anwer.pdf
    • Size : 739,99 kB

    • Format : Adobe PDF

    • View : 
    • Download :