Are Islamic funds riskier than SRI and Conventional Funds
What is it about?
We differentiate between SRI and Islamic funds for a fair performance and style comparison.
Why is it important?
This study investigates the risk and return characteristics of Islamic funds in comparison with SRI and the conventional open-end mutual funds for the UK, which, having attracted over £11.7 billion in Islamic investment in the past decade has emerged as the largest financial market for Islamic funds in the west. In addition, contrasting with previous literature, this research categorizes SRI and Islamic funds into two distinct types in order to allow a fair comparison.
The following have contributed to this page: Dr Krishna Reddy and Dr Krishna Reddy