The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia
تهدف هذه الدراسة إلى تحديد الفرص االستثمارية المتاحة في بورصة ماليزيا من خالل اختبار كفاءة السوق المالي اإلسالمي والتقليدي عند مستوى ضعيف، ومن خالل دراسةدرجةالتكامل فيما بينها للفترة الممتدة من 7102 إلى غاية .7102 حيث خلصت الدراسة إلى كفاءة المؤشرات المدروسة عند المستوى الضعيف وأنه اليمكن للمستثمر...
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| Format: | Article |
| Language: | Arabic |
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University of Boumerdes
2021-11-01
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| Series: | المجلة الدولية للأداء الاقتصادي |
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| Online Access: | https://ijep.dz/index.php/IJEP/article/view/160 |
| _version_ | 1797388987210399744 |
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| author | Houssame BENFRIHA |
| author_facet | Houssame BENFRIHA |
| author_sort | Houssame BENFRIHA |
| collection | DOAJ |
| description |
تهدف هذه الدراسة إلى تحديد الفرص االستثمارية المتاحة في بورصة ماليزيا من خالل اختبار كفاءة السوق المالي اإلسالمي والتقليدي عند مستوى ضعيف، ومن خالل دراسةدرجةالتكامل فيما بينها
للفترة الممتدة من 7102 إلى غاية .7102 حيث خلصت الدراسة إلى كفاءة المؤشرات المدروسة عند المستوى الضعيف وأنه اليمكن للمستثمرين تحقيق مكاسب غير عاديةباالستفادة من البيانات التاريخية،
كما أظهرت النتائج أن جميع المؤشرات المدروسة متكاملة فقط على المدى القصير و بالتالي وجود فرص للتنويع االستثماري علىالمدى الطويل
This study aims to identify investment opportunities in Bursa Malaysia through testing the weak form efficiency of Islamic and conventional financial markets, and through testing the integration between them using Johansen co-integration test and the Granger causality test for 2017 and 2018. This study demonstrates that indices are efficient, and investors can not realize gains above average using historical data. Results show also that indices are co-integrated only in the short-term, this leads us to say that there are opportunities for investments diversification in the long-term.
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| first_indexed | 2024-03-08T22:48:48Z |
| format | Article |
| id | doaj.art-044d1958a7ca4c098fa453e1ac58df0a |
| institution | Directory Open Access Journal |
| issn | 2661-7161 2716-9073 |
| language | Arabic |
| last_indexed | 2024-03-08T22:48:48Z |
| publishDate | 2021-11-01 |
| publisher | University of Boumerdes |
| record_format | Article |
| series | المجلة الدولية للأداء الاقتصادي |
| spelling | doaj.art-044d1958a7ca4c098fa453e1ac58df0a2023-12-16T17:48:29ZaraUniversity of Boumerdesالمجلة الدولية للأداء الاقتصادي2661-71612716-90732021-11-0142The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of MalaysiaHoussame BENFRIHA0University of Sidi Bel abbes تهدف هذه الدراسة إلى تحديد الفرص االستثمارية المتاحة في بورصة ماليزيا من خالل اختبار كفاءة السوق المالي اإلسالمي والتقليدي عند مستوى ضعيف، ومن خالل دراسةدرجةالتكامل فيما بينها للفترة الممتدة من 7102 إلى غاية .7102 حيث خلصت الدراسة إلى كفاءة المؤشرات المدروسة عند المستوى الضعيف وأنه اليمكن للمستثمرين تحقيق مكاسب غير عاديةباالستفادة من البيانات التاريخية، كما أظهرت النتائج أن جميع المؤشرات المدروسة متكاملة فقط على المدى القصير و بالتالي وجود فرص للتنويع االستثماري علىالمدى الطويل This study aims to identify investment opportunities in Bursa Malaysia through testing the weak form efficiency of Islamic and conventional financial markets, and through testing the integration between them using Johansen co-integration test and the Granger causality test for 2017 and 2018. This study demonstrates that indices are efficient, and investors can not realize gains above average using historical data. Results show also that indices are co-integrated only in the short-term, this leads us to say that there are opportunities for investments diversification in the long-term. https://ijep.dz/index.php/IJEP/article/view/160Financial marketsIslamic indicesstationary testintegration testكفاءةاألسواقالمؤشرات اإلسالمية |
| spellingShingle | Houssame BENFRIHA The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia المجلة الدولية للأداء الاقتصادي Financial markets Islamic indices stationary test integration test كفاءةاألسواق المؤشرات اإلسالمية |
| title | The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia |
| title_full | The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia |
| title_fullStr | The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia |
| title_full_unstemmed | The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia |
| title_short | The role of efficiency of Islamic financial markets and their integration with conventional markets in investment decision making, case study of Malaysia |
| title_sort | role of efficiency of islamic financial markets and their integration with conventional markets in investment decision making case study of malaysia |
| topic | Financial markets Islamic indices stationary test integration test كفاءةاألسواق المؤشرات اإلسالمية |
| url | https://ijep.dz/index.php/IJEP/article/view/160 |
| work_keys_str_mv | AT houssamebenfriha theroleofefficiencyofislamicfinancialmarketsandtheirintegrationwithconventionalmarketsininvestmentdecisionmakingcasestudyofmalaysia AT houssamebenfriha roleofefficiencyofislamicfinancialmarketsandtheirintegrationwithconventionalmarketsininvestmentdecisionmakingcasestudyofmalaysia |