Co-movements between Islamic and conventional stock markets: an empirical evidence

• Main Authors: Mohammad Sahabuddin, Junaina Muhammad, Mohamed Hisham Yahya, Sabarina Mohammed Shah
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 2020
• Online Access: http://journalarticle.ukm.my/17078/1/jeko_54%283%29-3.pdf; http://journalarticle.ukm.my/17078/; https://www.ukm.my/fep/jem/content/2020-3.html
• Institution: Universiti Kebangsaan Malaysia

This paper examines the co-movement between the Islamic (Shariah compliant) and conventional stock indices. Using data from Bangladesh and Malaysia from 25 January, 2011 to 31 May, 2018, the study employs the co-integration approach and Vector Error Correction Model (VECM). The results reveal th...