Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19
This paper investigates the safe haven potential of Islamic stocks within the context of the London stock market, alongside other prominent hedging assets, namely gold, Brent crude, and Bitcoin, using the M-DCC GARCH model. The study finds that Islamic finance no longer demonstrates robust safe h...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Arabic |
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University of Boumerdes
2023-12-01
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| Series: | المجلة الدولية للأداء الاقتصادي |
| Subjects: | |
| Online Access: | https://www.ijep.dz/index.php/IJEP/article/view/271 |
| _version_ | 1797256507525431296 |
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| author | Benbekhti Seyf Eddine Hadjer Boulila mohamed Benbouziane |
| author_facet | Benbekhti Seyf Eddine Hadjer Boulila mohamed Benbouziane |
| author_sort | Benbekhti Seyf Eddine |
| collection | DOAJ |
| description |
This paper investigates the safe haven potential of Islamic stocks within the context of the London stock market, alongside other prominent hedging assets, namely gold, Brent crude, and Bitcoin, using the M-DCC GARCH model. The study finds that Islamic finance no longer demonstrates robust safe haven characteristics but instead serves as a diversifier during periods of market stability. In contrast, gold exhibits notable hedging properties both prior to the COVID-19 pandemic and during market turmoil, outperforming all assets except Bitcoin
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| first_indexed | 2024-04-24T22:22:51Z |
| format | Article |
| id | doaj.art-c90e11a8861348a1951720f29eb502c5 |
| institution | Directory Open Access Journal |
| issn | 2661-7161 2716-9073 |
| language | Arabic |
| last_indexed | 2024-04-24T22:22:51Z |
| publishDate | 2023-12-01 |
| publisher | University of Boumerdes |
| record_format | Article |
| series | المجلة الدولية للأداء الاقتصادي |
| spelling | doaj.art-c90e11a8861348a1951720f29eb502c52024-03-20T05:38:48ZaraUniversity of Boumerdesالمجلة الدولية للأداء الاقتصادي2661-71612716-90732023-12-0162Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19Benbekhti Seyf Eddine0Hadjer Boulila 1mohamed Benbouziane2University of Tlemcen (Algeria)University of Tlemcen (Algeria)University of Tlemcen (Algeria) This paper investigates the safe haven potential of Islamic stocks within the context of the London stock market, alongside other prominent hedging assets, namely gold, Brent crude, and Bitcoin, using the M-DCC GARCH model. The study finds that Islamic finance no longer demonstrates robust safe haven characteristics but instead serves as a diversifier during periods of market stability. In contrast, gold exhibits notable hedging properties both prior to the COVID-19 pandemic and during market turmoil, outperforming all assets except Bitcoin https://www.ijep.dz/index.php/IJEP/article/view/271Islamic stockssafe havenM-DCC GARCH modelcovid-19 |
| spellingShingle | Benbekhti Seyf Eddine Hadjer Boulila mohamed Benbouziane Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 المجلة الدولية للأداء الاقتصادي Islamic stocks safe haven M-DCC GARCH model covid-19 |
| title | Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 |
| title_full | Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 |
| title_fullStr | Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 |
| title_full_unstemmed | Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 |
| title_short | Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19 |
| title_sort | islamic stocks conventional stock market or cryptocurrencies looking for a safe haven during covid 19 |
| topic | Islamic stocks safe haven M-DCC GARCH model covid-19 |
| url | https://www.ijep.dz/index.php/IJEP/article/view/271 |
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