“…Stream 5 examines the performance of Islamic financial markets vis-à-vis conventional markets (Ho et al , 2014; Hoepner et al , 2011; Jawadi et al , 2014), risk-return charecteristics of Islamic equity markets (Dewandaru et al , 2015; Hayat and Kraeussl, 2011; Kabir et al , 2017; Safiullah and Shamsuddin, 2019; Alaoui et al , 2015; Balcilar et al , 2016), contegion and spillover effect (Dewandaru et al , 2017; Dewandaru et al , 2014; Saâdaoui et al , 2017; Kenourgios et al , 2016; Majdoub and Mansour, 2014; Shahzad et al , 2017; Rejeb, 2017; Haddad et al , 2020; Gad and Andrikopoulos, 2019; Trabelsi, 2019; Sclip et al , 2016; Ahmed and Elsayed, 2018; Aloui et al , 2018) and choice of sukuk over conventional bonds (Godlewski et al , 2013; Alam et al , 2013; Azmat et al , 2014a; Godlewski et al , 2016; Grassa and Hela, 2018; Klein and Weill, 2016).…”