Does an Islamic label cause stock price comovements and commonality in liquidity?

Alhomaidi, Asem; Hassan, M. Kabir; Zirek, Duygu; Alhassan, Abdulrahman

doi:10.1080/00036846.2018.1486023

Cited by 7 publications

(3 citation statements)

References 49 publications

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“…Islamic finance and banking has achieved unprecedented growth in the last decade or so and it has also passed the test of time during the financial crisis of 2008 by being the most stable and sustainable financial system [ 9 , 69 ]. In contrast to its conventional counterpart, Islamic finance focuses on social justice and equitable distribution of income [ 70 ]. Islamic finance has social finance tools such as Qardh-Al-Hassan, Zakat, Awqaf, etc.…”

Section: Literature Review and Research Frameworkmentioning

confidence: 99%

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Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Rabbani

Bashar

Nawaz

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

107

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The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of the Islamic financial system as a sustainable financial system which can save the long run interests of the average citizens around the world while adding value to the real economy. The basic ethical tenets available in the Islamic financial system make it more suited and readymade to fight the economic aftershocks of a pandemic like COVID-19. The basic principles of ethical Islamic finance have solid connections to financial stability and corporate social responsibility within the wide-reaching business context. With the emergence of Financial technology (Fintech) it has provided a missing impetus to the Islamic financial system to compete on equal ground with its conventional counterpart and prove its mettle. The study uses discourse analysis along with the content analysis to extract content and draw a conclusion. The findings of the study indicate that COVID-19 pandemic has provided the opportunity for the social and open innovation to grow and finance world have turned to open innovation to provide a speedy, timely, reliable, and sustainable solution to the world. The findings of the study provide significant implications for governments and policy makers in efficient application of Fintech and innovative Islamic financial services to fight the economic consequences of the COVID-19 pandemic.

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Section: Literature Review and Research Frameworkmentioning

confidence: 99%

“…In contrast to its conventional counterpart, Islamic finance focuses on social justice and equitable distribution of income [ 70 ].…”

Section: Literature Review and Research Frameworkmentioning

confidence: 99%

Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Rabbani

Bashar

Nawaz

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

107

View full text Add to dashboard Cite

show abstract

“…The effect of IS on the Islamic stock market will differ depending on the prominent players in light of this and the fact that investors come in many shapes and sizes (Khan et al, 2019). According to Shariah law, immoral investors who operate only as drivers of conventional stock markets or investor attention in line with the stabilizing actions of ethically oriented investors can both influence the dynamics of the Islamic stock market (Alhomaidi et al, 2018; Amalia & Saputri, 2022; Khan et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Development and Validation of an Islamic Investor’s Sentiment Scale for Stock Market Investment

Begam

Babu

Sulphey

2023

Business Perspectives and Research

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Islamic law prohibits Muslims from investing in certain businesses such as banking, alcohol, and speculation. As such, Islamic investment is different from traditional investment, as investment principles emphasize ethical investing and compliance with Shariah, the Islamic rule that controls every aspect of a Muslim’s life. However, a fair review of the literature failed to find any questionnaire to measure Islamic investor sentiment. In order to create and standardize a technique to gauge Islamic investors’ attitudes about share market investment, a research was conducted. Islamic investors’ attitudes were the dependent variable, while the study identified Islamic investing ethics, religious considerations, profitability, social impact, and information accessibility as independent variables. Python programming was used to evaluate the data gathered from 391 respondents using a 24-item structured questionnaire. According to the study’s findings, each of the characteristics has a big influence on how Islamic investors feel. Furthermore, this study shows that participation in religious activities elevates the spirits of Islamic investors. The verified Islamic investor’s feelings questionnaire in this study is expected to inspire more investigation in this fascinating field.

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Investment Decision of Individual Investors: A State-of-the-Art Literature Review

Abdulrasool,

Othman,

Al-Shimmery

2023

Studies in Computational Intelligence

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Does an Islamic label cause stock price comovements and commonality in liquidity?

Cited by 7 publications

References 49 publications

Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System

Development and Validation of an Islamic Investor’s Sentiment Scale for Stock Market Investment

Investment Decision of Individual Investors: A State-of-the-Art Literature Review

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