Do determinants of fees differ between Islamic and conventional funds?

Mehri, Meryem; Hassan, M. Kabir; Safa, M. Faisal; Siraj, Ibrahim

doi:10.1002/ijfe.1978

Cited by 4 publications

(1 citation statement)

References 98 publications

(127 reference statements)

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“…For Islamic banks, the greater the leveraging and greater the net pro t margin, the greater the subsistence likelihood, while the similar is usually negative for conventional banks. Nevertheless, Islamic banking's severe dependence on cash investments and the use of products for security makes them comparatively more susceptible to high-level in ation and real nancial activity(Billah, 2021).The Shariah-compliant equity (Figure8& 9) investment offers a safeguard against the sinking risk, as proved throughout the COVID-19 pandemic(Mehri et al, 2021). During March 2020, the S&P Global 1200 fell by 23% y-o-y though S&P Global 1200 Shariah was found to be recorded a drop of 17% y-o-y.…”

mentioning

confidence: 99%

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

Rahman

Rahiman

Meero

et al. 2022

Preprint

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Current research aims to investigate the role of financial technology (Fintech) during pandemics on Islamic financial institutions and banks’ performance. The study identified measures of lockdown executed by numerous countries across the world that have also indicated the significance of leveraging technology and establishing a livelier Islamic finance industry. The results and data analysis identified adoption of greater digitalization and incorporation of fintech strengthens the spirit of the industry in a more unstable ecosystem and challenges like pandemic and open another new opportunity for growth. However, recent financial years have shown that there is room for expansion and growth, especially for Sukuk issuance, by guidelines and regulations, and ease and velocity of implementation. The results also suggested various indications on the effect of financial technology reform on the Islamic banks’ growth significantly with the adoption of the Fintech revolution. Since the performance of Islamic banking proved to be better in certain aspects compared to conventional banking, this study suggests industry adopt paradigm change and development of financial technology to enhance the global market. JEL: F36, G24, Q55, Q56

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confidence: 99%

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

Rahman

Rahiman

Meero

et al. 2022

Preprint

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How does oil market volatility impact mutual fund performance?

Alsubaiei,

Calice,

Vivian

2024

International Review of Economics & Finance

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Islamic equity funds and stock market: dynamic relation and market timing during the COVID-19 outbreak

Khelifa¹,

Arsi²

2022

JEAS

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PurposeThis paper aims to explore the impact of the COVID-19 pandemic on the market timing skills of Islamic equity funds in Asia, Europe and North America.Design/methodology/approachThe authors employed a two-step process. First, a Granger causality test is applied to test the bivariate relationship between Islamic fund indices and stock market ones by highlighting the impact of the COVID-19 pandemic. Second, the methodology of Treynor and Mazuy (1966) is deployed to account for the market timing abilities skills of Islamic fund managers during the pandemic period.FindingsThe investigation revealed mixed results. The European Islamic funds were positively impacted by the stock market as well as by the COVID-19 pandemic context. Additionally, compared to their Asian and North American peers, only European Islamic fund managers have the ability to time the market during the health crisis period.Research limitations/implicationsDespite its contribution to the Islamic finance literature, this study has some flaws. Indeed, the selected sample of three regions, namely Asia, Europe and North America, precludes extrapolating these conclusions. Other regions should be investigated to further our understanding of Islamic equity funds. Furthermore, due to data availability and accessibility, the study period was limited to a specific time of the COVID-19 pandemic. This shortcoming can be addressed through a multiwave investigation, especially since each region was exposed differently to the pandemic.Practical implicationsThe paper provides scholars, portfolio managers and investors with insights regarding the investment dilemma during the COVID-19 pandemic period, especially for those wishing to hedge their pandemic risk exposure and/or diversify their portfolios. Equally, the depiction of potential market timing abilities of Islamic fund managers across the three regions would serve as a guide to identifying the most suitable internationally focused investment strategy.Social implicationsThe paper provides scholars, portfolio managers and investors with insights regarding the investment dilemma during the COVID-19 pandemic period, especially for those wishing to hedge their pandemic risk exposure and/or diversify their portfolios. Equally, the depiction of potential market timing abilities of Islamic funds managers across the three regions would serve as a guide to identify the most suitable internationally focused investment strategy.Originality/valueThe originality of this investigation is that it is the first to examine Islamic equity fund managers and their skills to time the stock markets during the COVID-19 pandemic period in Asia, Europe and North America. The current paper extends the Islamic finance literature.

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Do determinants of fees differ between Islamic and conventional funds?

Cited by 4 publications

References 98 publications

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

How does oil market volatility impact mutual fund performance?

Islamic equity funds and stock market: dynamic relation and market timing during the COVID-19 outbreak

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