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Applied Economics Volume 49, 2017 - Issue 25
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Original Articles

Analysing dynamic linkages and hedging strategies between Islamic and conventional sector equity indexes

Walid MensiDepartment of Finance and Accounting, University of Tunis El Manar, Tunis, Tunisia;Department of Finance and Investment, College of Economics and Administrative Sciences, Al Imam Mohammad Ibn Saud Islamic University (IMSIU), Riyadh, Saudi ArabiaView further author information
,
Shawkat HammoudehLebow College of Business, Drexel University, Philadelphia, United States;Center for Energy and Sustainable Development (CESD), Montpellier Business School, Montpellier, FranceView further author information
,
Ahmet SensoyBorsa Istanbul, Resitpasa mah., TuncayArtun cad., Emirgan, Istanbul, TurkeyView further author information
&
Seong-Min YoonDepartment of Economics, Pusan National University, Busan609-735, Korea;IPAG Business School, Paris, FranceCorrespondence[email protected]
View further author information
Pages 2456-2479 | Published online: 09 Oct 2016

Citations (22)

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Satyaban Sahoo & Sanjay Kumar. (2024) Volatility spillover among the sectors of emerging and developed markets: a hedging perspective. Cogent Economics & Finance 12:1.
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Zaghum Umar, Oluwasegun Babatunde Adekoya, Johnson Ayobami Oliyide & Tamara Teplova. (2024) The spillover of media sentiment on the sukuk bonds during COVID-19 pandemic. Applied Economics 56:3, pages 360-374.
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Articles from other publishers (20)

Binlin Li, Nils Haneklaus & Mohammad Mafizur Rahman. (2024) Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH. Financial Innovation 10:1.
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Zhuhua Jiang, Rim El Khoury, Muneer M. Alshater & Seong‐Min Yoon. (2023) Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet‐based analysis. Australian Economic Papers 63:1, pages 78-105.
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Sun-Yong Choi, Andrew Phiri, Tamara Teplova & Zaghum Umar. (2024) Connectedness between (un)conventional monetary policy and islamic and advanced equity markets: A returns and volatility spillover analysis. International Review of Economics & Finance 91, pages 348-363.
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Md. Bokhtiar Hasan, M. Kabir Hassan & Asem Alhomaidi. (2023) How do sectoral Islamic equity markets react to geopolitical risk, economic policy uncertainty, and oil price shocks?. The Journal of Economic Asymmetries 28, pages e00333.
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Zaghum Umar, Khaled Mokni & Ana Escribano. (2022) Connectedness between the COVID-19 related media coverage and Islamic equities: The role of economic policy uncertainty. Pacific-Basin Finance Journal 75, pages 101851.
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Ashraf Khan, Stefano Piserà, Laura Chiaramonte, Alberto Dreassi & Andrea Paltrinieri. (2022) Are Islamic investments still safe assets during the COVID‐19 pandemic?. Review of Financial Economics 40:3, pages 281-299.
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Burak SERTKAYA. (2022) Katılım Endeksinin Döviz Kuru ve Altın Fiyatlarıyla İlişkisi: Türkiye için ARDL Sınır Testi YaklaşımıThe Relationship of Participation Index with Exchange Rate and Gold Prices: ARDL Bounds Test Approach for Turkey. Bulletin of Economic Theory and Analysis 7:1, pages 173-188.
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Azra Zaimovic, Adna Omanovic & Almira Arnaut-Berilo. (2021) How Many Stocks Are Sufficient for Equity Portfolio Diversification? A Review of the Literature. Journal of Risk and Financial Management 14:11, pages 551.
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Christos Alexakis, Dimitris Kenourgios, Vasileios Pappas & Athina Petropoulou. (2021) From dotcom to Covid-19: A convergence analysis of Islamic investments. Journal of International Financial Markets, Institutions and Money 75, pages 101423.
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Abdullah Khan, Syed Aun R. Rizvi, Mohsin Ali & Omair Haroon. (2021) A survey of Islamic finance research – Influences and influencers. Pacific-Basin Finance Journal 69, pages 101437.
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Md Lutfur Rahman, Axel Hedström, Gazi Salah Uddin & Sang Hoon Kang. (2021) Quantile relationship between Islamic and non-Islamic equity markets. Pacific-Basin Finance Journal 68, pages 101586.
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Wajdi Hamma, Ahmed Ghorbel & Anis Jarboui. (2021) Hedging Islamic and conventional stock markets with other financial assets: comparison between competing DCC models on hedging effectiveness. Journal of Asset Management 22:3, pages 179-199.
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Andrea Delle Foglie & Ida Claudia Panetta. (2020) Islamic stock market versus conventional: Are islamic investing a ‘Safe Haven’ for investors? A systematic literature review. Pacific-Basin Finance Journal 64, pages 101435.
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Khamis Hamed Al-Yahyaee, Walid Mensi, Mobeen Ur Rehman, Xuan Vinh Vo & Sang Hoon Kang. (2020) Do Islamic stocks outperform conventional stock sectors during normal and crisis periods? Extreme co-movements and portfolio management analysis. Pacific-Basin Finance Journal 62, pages 101385.
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Muhammad Anas, Ghulam Mujtaba, Sadaf Nayyar & Saira Ashfaq. (2020) Time-Frequency Based Dynamics of Decoupling or Integration between Islamic and Conventional Equity Markets. Journal of Risk and Financial Management 13:7, pages 156.
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Omar Shaikh. (2020) On the relevance of higher-moments for portfolio-management within Islamic finance. International Journal of Islamic and Middle Eastern Finance and Management 13:3, pages 533-552.
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Hedi Ben Haddad, Imed Mezghani & Mohammed Al Dohaiman. (2020) Common shocks, common transmission mechanisms and time-varying connectedness among Dow Jones Islamic stock market indices and global risk factors. Economic Systems 44:2, pages 100760.
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Monia Antar & Fatma Alahouel. (2019) Co-movements and diversification opportunities among Dow Jones Islamic indexes. International Journal of Islamic and Middle Eastern Finance and Management 13:1, pages 94-115.
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Thi-Hong-Van Hoang, Zhenzhen Zhu, Abdelbari El Khamlichi & Wing-Keung Wong. (2019) Does the Shari’ah screening impact the gold-stock nexus? A sectorial analysis. Resources Policy 61, pages 617-626.
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Gülfen Tuna. (2019) Interaction between precious metals price and Islamic stock markets. International Journal of Islamic and Middle Eastern Finance and Management 12:1, pages 96-114.
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