International Journal of Financial Management

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A Comparative Study on Financial Performance of Shariah Compliant Stocks and Conventional Stocks in India


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1 Maulana Azad National Urdu University, Hyderabad, Telangana, India
     

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Islamic Equity Market consist the companies which follow the Shariah norms in their business activities to be Shariah compliant. The objectives of this study are to examine the performance of select Shariah-compliant shares listed in BSE (Bombay Stock Exchange), India and to compare the performance of Shariah-compliant stocks with select conventional stocks. The study reveals that the performance of Shariah-compliant stocks is better than conventional stocks during the select period of study and the return of Shariah-compliant securities is less volatile than the conventional securities.

Keywords

Islamic Finance, Shariah Indices, Islamic Capital Market.
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  • A Comparative Study on Financial Performance of Shariah Compliant Stocks and Conventional Stocks in India

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Authors

K. Saidalavi
Maulana Azad National Urdu University, Hyderabad, Telangana, India
Rashid Farooqi
Maulana Azad National Urdu University, Hyderabad, Telangana, India

Abstract


Islamic Equity Market consist the companies which follow the Shariah norms in their business activities to be Shariah compliant. The objectives of this study are to examine the performance of select Shariah-compliant shares listed in BSE (Bombay Stock Exchange), India and to compare the performance of Shariah-compliant stocks with select conventional stocks. The study reveals that the performance of Shariah-compliant stocks is better than conventional stocks during the select period of study and the return of Shariah-compliant securities is less volatile than the conventional securities.

Keywords


Islamic Finance, Shariah Indices, Islamic Capital Market.

References