Miniaoui, Hela; Sayani, Hameedah; Chaibi, Anissa - Institut de Préparation à l'Administration et à la … - 2014
financial crisis of 2008 and test whether Islamic indices were less risky than conventional indices. We make use of data of the … analyzed based on augmented GARCH models. The results show that the financial crisis impacted on the mean returns of Bahrain …, the other indices remained unaffected. The financial crisis, however, impacted volatility in three GCC markets (Kuwait …