The purpose of this research paper is to examine social Islamic mutual funds’ financial performance. Since Islamic mutual funds have only been around for the past two decades, most of the research on this topic is fairly new. In this study we apply the single factor model of Schwert and Seguin...

It is generally recognized that international portfolio diversification may generate substantial reduction in systematic risk. Previous studies assume stability of the systematic risk measure, beta, and hence assume the permanence of risk reduction generated from international diversification....