Aqad Characteristics, Fund Flows and Market Structure in Performance: A Cross Sectional Analysis of International Islamic Funds

• Main Authors: Abdul Ghafar Ismail, Suhal Kusairi
• Format: Article
• Language: English
• Published: Universiti Sains Islam Malaysia 2012
• Subjects: International Islamic mutual fund; Performance; Fund flow; Market structure; Characteristics of aqad
• Online Access: http://ddms.usim.edu.my/handle/123456789/5392
• Institution: Universiti Sains Islam Malaysia

This research applies the multiple regression analysis to the cross-sectional data that cover 249 samples of international Islamic mutual funds from 1998 to 2007. The overall result suggests that aqad characteristics (Mudarabah, Murabahah and Musharakah) significantly influence fund performance. Mus...