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Creation of an Islamic stock index in West Africa

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  • Mbengue, Mohamed Lamine

Abstract

Islamic finance, which has become inescapable has entered into financial markets by offering solutions consistent with the precepts of the Shariah. The objective of this paper is to propose the creation of an Islamic stock index in West Africa. The choice of market values ​​requires extra financial and financial screening system. The results show that 10% of the securities in Nigeria Stock Exchange , the Regional Stock Exchange (Brvm) and the Ghana Stock Exchange (Gse) were selected to form the Islamic index " Ecowas Shariah index.

Suggested Citation

  • Mbengue, Mohamed Lamine, 2017. "Creation of an Islamic stock index in West Africa," Research in International Business and Finance, Elsevier, vol. 41(C), pages 105-108.
    • Handle: RePEc:eee:riibaf:v:41:y:2017:i:c:p:105-108
    DOI: 10.1016/j.ribaf.2017.04.017
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    References listed on IDEAS

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    1. Abdelbari El Khamlichi & Aurelie Sannajust & H., Sarkar, 2014. "Islamic Equity Indices: Insight and comparison with Conventional Counterparts; 130," Post-Print hal-02127853, HAL.
    2. Jonathan Peillex & Loredana Ureche-Rangau, 2012. "Création d'un indice boursier islamique sur la place financière de Paris : méthodologie et performance," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 289-314.
    3. Abdelbari El Khamlichi & Aurélie Sannajust & Humaylin Kabir Sarkar, 2014. "Islamic Equity Indices: Insight and Comparison with Conventional Counterparts," Bankers, Markets & Investors, ESKA Publishing, issue 130, pages 69-80, May-June.
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    Cited by:

    1. Rida Ahroum & Boujemâa Achchab, 2021. "Harvesting Islamic risk premium with long–short strategies: A time scale decomposition using the wavelet theory," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 430-444, January.

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