Ariff, Mohamed; Zarei, Alireza; Bhatti, Ishaq - In: International Journal of Islamic and Middle Eastern … 11 (2018) 1, pp. 59-78
Purpose: This paper aims to report practice-relevant anomalous investment yield behavior of two types of bonds – Type A, the mainstream bond, and Type B, which is Sukuk – both having similar cash-flow-relevant characteristics. Design/methodology/approach: Bond valuation theory suggests that...