A recent development in financial markets is the creation of Shari'ah compliant stock universes. Shari'ah compliant stock universe is featured as socially responsible investments, less levered, and more reflective of the real sector. This study is conducted to understand and document the...

This study is conducted to understand and document the long as well as short-run equilibrium among important macroeconomic indicators and Equity markets (including Islamic and conventional) in post Shari'ah-screening era in Pakistan. We have included seven macroeconomic variables—inflation,...

Purpose: This study is intends to understand and document the impact of market-based — market returns and momentum — as well as firm-specific — size, book to market ratio (B/M), price to earnings ratio (PER) and cash flow (CF) — factors on pricing of Shari'a compliant securities as...

This study is conducted to understand and document the long as well as short-run equilibrium among important macroeconomic indicators and Equity markets (including Islamic and conventional) in post Shari'ah-screening era in Pakistan. We have included seven macroeconomic variables—inflation,...