Performance of Global Islamic Indices


  • Zaminor Universiti Malaysia Kelantan
  • Asma Universiti Malaysia Kelantan
  • Nazeehah Universiti Malaysia Kelantan



islamic index, conventional index, performance, risk adjusted measurement


This study examines the performance of global Islamic indices between Islamic and conventional indices during the period of 1st January 1999 to 31st October 2011. There are 12 global Islamic and conventional indices selected, which cover eight countries such as United States, United Kingdom, Malaysia, Indonesia, Hong Kong, Switzerland, Indian, and France. The Risk Adjusted Performance measurement is employed to estimate both the Islamic and Conventional Indices. The correlation coefficient and t-test are used to test the relationship and mean returns between both the Islamic and Conventional Indices. The results show that the Islamic Indices are better and outperform the Conventional Indices.




How to Cite

Zamzamin, Z. ., Ahmad, N. A., & Badri, N. (2021). Performance of Global Islamic Indices. Journal of Entrepreneurship and Business, 1(1).