Can Zakat and Purification be Employed in Portfolio Modelling?
The Capital Asset Pricing Model (CAPM), which has interest rates in its specification, can be deemed non-Shariah compliant. Therefore, the sukuk rate has been proposed to replace these rates in CAPM. This study analyses portfolio modelling by involving two essential elements in Islamic principles...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Bank Indonesia Institute
2022
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/278824/1/CAN%20ZAKAT%20AND%20PURIFICATION%20BE%20EMPLOYED%20IN%20PORTFOLIO%20MODELLING.pdf |