Do Islamic stock indices perform better than their conventional counterparts

Khamlichi, Abdelbari El; Yildiz, Selim Baha; Kabir, Sarkar Humayun; Hoque, Hafiz

doi:10.1504/ijbpm.2021.116417

Cited by 6 publications

(5 citation statements)

References 21 publications

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“…In this regard, the Governor of the Central Bank of Bahrain issued Resolution No. (43) of 2017 regarding the experimental environment for nancial technology, and in May 2017, the Bank issued a nal paper on the "Experimental Regulatory Environment" (Syachfuddin and Rosyidi, 2020). On the bank's website, the paper included setting a framework for the use and development of the nancial technology industry in an organized manner.…”

Section: Digital Innovations In Banksmentioning

confidence: 99%

“…Except underperformance during 2016, the Shariah index has outperformed the conventional index between 2015 and 2016 (Bakar, Rosbi and Bakar, 2021).The economic and social uncertainties due to the COVID-19 pandemic are headed to sporadic swings in equity markets worldwide during 2020(Majeed and Zainab, 2021). The reports state a drop of 31.9% in the S&P Global 1200 YTD by March-end 2020, during this period the S&P Global 1200 Shariah was down by 28.0%, an outperformance of 3.9%(El Khamlichi et al, 2021). Despite the challenges and intense decline until March 2020, global equity markets ended the year on an optimistic note.…”

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confidence: 99%

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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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Section: Digital Innovations In Banksmentioning

confidence: 99%

mentioning

confidence: 99%

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

Rahman

Rahiman

Meero

et al. 2022

Preprint

View full text Add to dashboard Cite

show abstract

“…They do not understand that the hadith is really divided, there are sahih and Hasan, and of course, the level of proof is different. In this article, the author discusses the analysis of the level of proof of Sahih and Hasan Hadith, so that we can determine which Hadith can be used as more important evidence (Asror, 2017;Baydoun et al, 2021;El Khamlichi et al, 2021;Martín et al, 2020;Sulaiman & Ahmadi, 2020).…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Hujjah Level of Sahih and Hasan Hadiths

Maheningsih

2023

ijis

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Hadith is the second source of law after the Qur'an. One of the functions of Hadith is as a place of interpretation, which aims to explain the verses of the Qur'an. To understand the law based on Hadith, one must know the Hadith Hujjahan. Judging from the quality of Hadith, it is divided into three parts, namely Sahih, Hasan, and Dhaif Hadith. However, this article aims to analyze only Sahih and Hasan Hadith. This research is literature research and falls into the category of qualitative research. The results of this study show that there are several choices of hadith degrees, which can be said to be sahih and hasan. Sahih if it meets the five conditions agreed upon by the scholars of hadith and Hasan if there are conditions that are not met. The highest evidence is Sahih hadith then Hasan hadith. Sahih hadith is divided into two types, namely Sahih Li-Dzatih and li-hair. There are also two types of hasan hadith, namely Hasan Li-Dzatih, and li-hair.

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“…The problem of lafadz or meaning that there may be verses that are less clear, to seek clarity there is by finding out how the background of the revelation of the verse with the cause of an event that occurred, so as to understand and obtain the meaning of the verse clearly and perfectly (Islam et al, 2020;Khan et al, 2022;"Thirty Years of Islamic Revolution in Rural Iran," 2009). Therefore, Asbabun Nuzul is considered important by scholars, because with Asbabun Nuzul it will be easy to understand and reduce the sense of doubt to interpret the Qur'anic verses properly and correctly (Abusharbeh, 2021;El Khamlichi et al, 2021;Said et al, 2014;Tajbakhsh, 2020).…”

Section: Introductionmentioning

confidence: 99%

Asbabun Nuzul Islamic Education Perspective

Maheningsih,

Rahmatsyah

2023

ijis

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This research was conducted to analyze asbabun nuzul from the perspective of Islamic education. An in-depth study of asbabun nuzul from the perspective of Islamic education is rarely carried out in a learning process, moreover it will analyze the educational values contained in the asbabun nuzul. This study uses a library research approach (library research). The results of this study are asbabun nuzul as an event that causes the decline of one or several verses of the Qur'an, or an event that can be used as a legal guide regarding the revelation of a verse. How to find out asbabun nuzul through authentic history, namely history based on the Prophet Muhammad SAW. Asbabun nuzul consists of several types which in general are asbabun nuzul based on responses to events and asbabun nuzul based on questions to the Prophet SAW, the benefits and educational values in asbabun nuzul broadly teach humans to be able to take lessons from the cause of the incident.

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Do Islamic stock indices perform better than their conventional counterparts

Abstract: This document is the author's post-print version, incorporating any revisions agreed during the peer-review process. Some differences between the published version and this version may remain and you are advised to consult the published version if you wish to cite from it.

Cited by 6 publications

References 21 publications

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

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

Analysis of the Hujjah Level of Sahih and Hasan Hadiths

Asbabun Nuzul Islamic Education Perspective

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