Volatility analysis of FTSE Bursa Malaysia: Study of the problems of Islamic stock market speculation in the period 2007 to 2010

Romli, N. and Mohamad, A.A.S. and Yusof, M.F.M. (2012) Volatility analysis of FTSE Bursa Malaysia: Study of the problems of Islamic stock market speculation in the period 2007 to 2010. African Journal of Business Management, 6 (29). pp. 8490-8495. ISSN 1993-8233

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Abstract

The economic recession that hit the world in 2007 to 2009 had a direct impact on the Islamic capital market in Malaysia. The data from the year 2007 to 2010 have shown that the Islamic stock market index has a higher volatility than conventional indexes, and this is what makes the return rate of Shariah index becomes unstable. The main aim of this study was to examine the volatility in the Islamic stock market. The instability of the market volatility returns may attract investors who prefer a risk stock market, because this market has the potential to provide a high return rate. On the other hand, the situation is to encourage Muslim investors that it is their duty to ignore speculation and invest, because rapid withdrawal from the markets will not be beneficial to many and may affect the goals to enhance Muslims’ economy.

Item Type: Article
Additional Information: Corresponding author. E-mail: nur_fini86@yahoo.com. Tel.No: 603 7967 6006. Fax. No: 603 7967 6147.
Uncontrolled Keywords: Islamic capital market; Muslim investors; Economic recession; Malaysia.
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Academy of Islamic Studies > Dept of Syariah & Economics
Depositing User: Ms. Norhamizah Tamizi
Date Deposited: 17 Apr 2014 02:32
Last Modified: 24 Jan 2019 05:48
URI: http://eprints.um.edu.my/id/eprint/9615

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