6533b7d5fe1ef96bd1263e64

RESEARCH PRODUCT

The Investment Performance of U.S. Islamic Mutual Funds

Pilar SorianoPaula MolláFrancisco Climent

subject

ethical investinglcsh:TJ807-830Geography Planning and Developmentlcsh:Renewable energy sourcesMonetary economicsManagement Monitoring Policy and Law:CIENCIAS ECONÓMICAS [UNESCO]Socially responsible investment0502 economics and businessEconomicsCapital asset pricing model050207 economicsInvestment performancelcsh:Environmental scienceslcsh:GE1-350050208 financeRenewable Energy Sustainability and the Environmentlcsh:Environmental effects of industries and plants05 social sciencesUNESCO::CIENCIAS ECONÓMICASIslamBuilding and Constructionislamic mutual fundsInvestment (macroeconomics)performance evaluationrisk-adjusted performancelcsh:TD194-195socially responsible investments

description

Islamic investment funds have become increasingly important because of high demand from many investors, including those outside the Muslim investment community. This article compares the performance and risk sensitivity of Islamic mutual funds in the United States with that of their conventional peers. This article also analyzes the performance of Islamic funds, and compares this performance with that of socially responsible investment (SRI) mutual funds. Capital Asset Pricing Model (CAPM)-based methodology was used for the analysis. The results suggest that over the entire study period (1987&ndash

yearjournalcountryeditionlanguage
2020-04-26Sustainability
https://doi.org/10.3390/su12093530