This study reviews the effects of Ramadan, which is recognised as a notable religious ritual in the world among Muslims, on stock market behaviour. Based on the review, there is evidence that the effects of Ramadan lead to significantly higher stock market returns but less volatility. However,...

This study examines retail investors' trading behaviour and its determinants in the Indonesian Shari'ah stock market by mainly focusing on the religious practice-related factors in the form of sadaqah or charitable giving on individual investors' trading behaviour. Contextually, the Islamic...