IDEAS home Printed from https://ideas.repec.org/h/pal/pcichp/978-3-319-33991-7_2.html
   My bibliography  Save this book chapter

The Determinants of Islamic Equity Fund Performance: Global Evidence

In: Islamic Capital Markets

Author

Listed:
  • Wajahat Azmi

    (INCEIF)

  • Mohsin Ali

    (INCEIF)

Abstract

Utilising the survivorship bias-free sample of 212 Islamic equity funds with an investment focus in Asia Pacific, Emerging markets, Europe, Global (no focus to any specific country/region), Middle East and North Africa, and North America for the period of 12 years from January 2002 to December 2013, we examine performance determinants of these funds. The factors include fund characteristics such as age, size and fees and macroeconomic variables such as economic development, financial development and infrastructure development. Our findings can be summarised as: (a) only size variable is found to be a significant factor for fund performance among the fund characteristics (b) infrastructure development is an important determinant of fund performance and (c) the evidence suggesting the positive effect of economic and financial development is ambiguous.

Suggested Citation

  • Wajahat Azmi & Mohsin Ali, 2016. "The Determinants of Islamic Equity Fund Performance: Global Evidence," Palgrave CIBFR Studies in Islamic Finance, in: Nafis Alam & Syed Aun R. Rizvi (ed.), Islamic Capital Markets, chapter 0, pages 15-30, Palgrave Macmillan.
    • Handle: RePEc:pal:pcichp:978-3-319-33991-7_2
    DOI: 10.1007/978-3-319-33991-7_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pcichp:978-3-319-33991-7_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.