Movement of Shariah Indices in Financial Crisis Period : Exploring Evidences from National Stock Exchange of India

Sheikh, Safika Praveen; Siddiqui, Saif

doi:10.12816/0028328

Cited by 2 publications

(1 citation statement)

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“…Irfan & Akhtar (2016), in their study, which evaluated the performance of S&P BSE 500 Sharia companies from January 2010 to December 2014, establish that Sharia-compliant stocks are constantly growing in the capital markets of India. Sheikh & Siddiqui (2016) have in their study, attempted to reveal the effect of movement, risk, and return on the Sharia Nifty 500 and Nifty 500 index in the National Stock Exchange in India and concluded that there is a long-term relationship between both indicators. Alam et al (2016) investigated the factors that affect the stock prices in the Bangladesh Stock Exchange and concluded that EPS, NAVPS, P/E, and CPI significantly affect the stock price.…”

Section: Performance and Share Indexmentioning

confidence: 99%

The relationship between performance indicators and share prices of companies listed on sharia indices: a case study of S&P BSE 500 sharia index

Almonifi,

Bhosle

2023

IJIER

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This study aims to empirically examine the relationship between performance indicators and share prices of companies listed on SP BSE 500 sharia index. Data were collected through the index’s closing price and financial reports of the ten top companies listed on SP BSE 500 Sharia index. This study identifies the most important indicators that affect share prices in stock exchanges: ROA, ROE, EPS, and P/ER using Panel method. The study findings indicate that EPS, ROA and ROE have non-significant impact SP, while P/ER has a significant positive on SP. This study highlights the development of companies’ performance indicators and the enhancing of investment strategies for stakeholders and investors. This study is contributing to the analysis of the relationship between the companies’ performance indicators listed on sharia indices and their shares prices.

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Section: Performance and Share Indexmentioning

confidence: 99%

The relationship between performance indicators and share prices of companies listed on sharia indices: a case study of S&P BSE 500 sharia index

Almonifi,

Bhosle

2023

IJIER

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Credit Rating Strategies: A Study of GCC Banks

Murthy

Al‐Muharrami

2020

SAGE Open

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Identifying financial strategies, which help a bank to survive a crisis, is the main purpose of the article. Low oil prices and the COVID-19 pandemic is the latest crisis being faced by the Gulf Cooperation Council (GCC) banks. This article examines the financial strategies of those banks that managed to retain good credit ratings both before and after the global financial crisis, so as to throw light on the characteristics of banks that managed to remain steady and stable. This article analyzes the Fitch credit ratings of 51 Islamic and conventional banks, operating in the GCC, divided into pre–global financial crisis (2002–2007) and post–global financial crisis (2008–2013) periods. Trend and behavior of average ratios of top-rated banks in both the periods is first attempted before moving to the “Ordered Choice Logit” regression method to further analyze the data. Regression results indicate that size and cost management are very important factors in ratings both before and after the financial crisis. As long as asset quality is under control, liquidity is the focal point in achieving good ratings. Top-rated Islamic banks seem to be following a strategy of allowing capital ratios to trend down during a crisis as long as capital is well above the regulatory requirements. The article is the first of its kind, which examines credit rating strategies of GCC Islamic banks and conventional banks. The findings of the article are useful for banks as they throw light on appropriate strategies to be adopted by banks during crises.

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Movement of Shariah Indices in Financial Crisis Period : Exploring Evidences from National Stock Exchange of India

Cited by 2 publications

References 0 publications

The relationship between performance indicators and share prices of companies listed on sharia indices: a case study of S&P BSE 500 sharia index

The relationship between performance indicators and share prices of companies listed on sharia indices: a case study of S&P BSE 500 sharia index

Credit Rating Strategies: A Study of GCC Banks

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