{"id":"https://openalex.org/W2075813296","doi":"https://doi.org/10.1108/mf-08-2013-0225","title":"International diversification among Islamic investments: is there any benefit","display_name":"International diversification among Islamic investments: is there any benefit","publication_year":2014,"publication_date":"2014-05-29","ids":{"openalex":"https://openalex.org/W2075813296","doi":"https://doi.org/10.1108/mf-08-2013-0225","mag":"2075813296"},"language":"en","primary_location":{"id":"doi:10.1108/mf-08-2013-0225","doi":"https://doi.org/10.1108/mf-08-2013-0225","is_oa":false,"landing_page_url":"https://doi.org/10.1108/mf-08-2013-0225","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066859184","display_name":"Mejda Bahlous","orcid":"https://orcid.org/0009-0001-0051-0559","observed_orcids":["https://orcid.org/0009-0001-0051-0559","https://orcid.org/0000-0002-0074-5307"]},"institutions":[{"id":"https://openalex.org/I122640774","display_name":"American University in Dubai","ror":"https://ror.org/0540vvc38","country_code":"AE","type":"education","lineage":["https://openalex.org/I122640774"]}],"countries":["AE"],"is_corresponding":false,"raw_author_name":"Mejda Bahlous","raw_affiliation_strings":["Accounting and Finance, American University in Dubai, Dubai, United Arab Emirates; and IHEC Carthage, Carthage, Tunisia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting and Finance, American University in Dubai, Dubai, United Arab Emirates; and IHEC Carthage, Carthage, Tunisia","institution_ids":["https://openalex.org/I122640774"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5078512772","display_name":"Rosylin Mohd Yusof","orcid":"https://orcid.org/0000-0002-7592-6313","observed_orcids":["https://orcid.org/0000-0002-7592-6313"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Rosylin Mohd. Yusof","raw_affiliation_strings":["Economics, University UTARA Malaysia, Sintok, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Economics, University UTARA Malaysia, Sintok, Malaysia","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.242,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.94846795,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"40","issue":"6","first_page":"613","last_page":"633"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.02250000089406967,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0017000000225380063,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/international-diversification","display_name":"international diversification","score":0.9549999833106995},{"id":"https://openalex.org/keywords/islamic-funds","display_name":"Islamic funds","score":0.7689999938011169},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.6610000133514404},{"id":"https://openalex.org/keywords/shariah-compliant-investment","display_name":"Sharia-compliant investment","score":0.7699999809265137},{"id":"https://openalex.org/keywords/diversification-benefits","display_name":"diversification benefits","score":0.8669999837875366},{"id":"https://openalex.org/keywords/portfolio-risk-reduction","display_name":"portfolio risk reduction","score":0.5199999809265137},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.7490000128746033},{"id":"https://openalex.org/keywords/efficient-frontier","display_name":"efficient frontier","score":0.47200000286102295}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.7076111435890198},{"id":"https://openalex.org/C43089589","wikidata":"https://www.wikidata.org/wiki/Q5570807","display_name":"Global assets under management","level":4,"score":0.7019824981689453},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.6565453410148621},{"id":"https://openalex.org/C34375142","wikidata":"https://www.wikidata.org/wiki/Q1156684","display_name":"Fund of funds","level":3,"score":0.5806864500045776},{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.5151137709617615},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48128455877304077},{"id":"https://openalex.org/C64589626","wikidata":"https://www.wikidata.org/wiki/Q7142812","display_name":"Passive management","level":4,"score":0.4628879725933075},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4598252773284912},{"id":"https://openalex.org/C159009313","wikidata":"https://www.wikidata.org/wiki/Q5283159","display_name":"Distributed lag","level":2,"score":0.42455434799194336},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.37730854749679565},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3759288489818573},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.22289004921913147},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.11027741432189941},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.1031569242477417},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/mf-08-2013-0225","doi":"https://doi.org/10.1108/mf-08-2013-0225","is_oa":false,"landing_page_url":"https://doi.org/10.1108/mf-08-2013-0225","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6200000047683716,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":43,"referenced_works":["https://openalex.org/W90765948","https://openalex.org/W173744092","https://openalex.org/W1531653575","https://openalex.org/W1537886219","https://openalex.org/W1556487974","https://openalex.org/W1572767052","https://openalex.org/W1581186231","https://openalex.org/W1586373000","https://openalex.org/W1654512807","https://openalex.org/W1870357899","https://openalex.org/W1899369799","https://openalex.org/W1899653377","https://openalex.org/W1972021696","https://openalex.org/W1975201751","https://openalex.org/W1990475559","https://openalex.org/W1995834279","https://openalex.org/W2015944155","https://openalex.org/W2050815921","https://openalex.org/W2077623207","https://openalex.org/W2089987033","https://openalex.org/W2093855066","https://openalex.org/W2113270371","https://openalex.org/W2113929779","https://openalex.org/W2124030930","https://openalex.org/W2127364148","https://openalex.org/W2153549067","https://openalex.org/W2156464587","https://openalex.org/W2160254976","https://openalex.org/W2162886930","https://openalex.org/W2165714389","https://openalex.org/W2171404328","https://openalex.org/W2175616837","https://openalex.org/W2178002390","https://openalex.org/W2179559013","https://openalex.org/W2188532973","https://openalex.org/W2335559751","https://openalex.org/W2890231723","https://openalex.org/W3121675937","https://openalex.org/W3121695171","https://openalex.org/W3122780580","https://openalex.org/W3123384364","https://openalex.org/W3124547477","https://openalex.org/W3139838941"],"related_works":["https://openalex.org/W2948956259","https://openalex.org/W7027851842","https://openalex.org/W2563414112","https://openalex.org/W7111287730","https://openalex.org/W71595579","https://openalex.org/W2118097136","https://openalex.org/W2706178814","https://openalex.org/W7110884414","https://openalex.org/W7024551473","https://openalex.org/W4386316882"],"abstract_inverted_index":{"Purpose":[0],"\u2013":[1,76,182,279,351],"The":[2,48,77,109,183,222,280,317],"purpose":[3],"of":[4,14,32,50,82,88,104,138,166,300,357,375],"this":[5],"paper":[6,78,110,223,251],"is":[7],"to":[8,12,22,38,62,66,117,133,170,306],"assess":[9],"the":[10,80,86,98,119,135,139,163,172,241,246,250,263,266,322,334,355,361,369],"benefits":[11,81,271],"investors":[13,24,35,61,227,288,327],"international":[15,51,187,378],"diversification":[16,46,52,83,188,270,379],"among":[17,53,90,106,122],"only":[18,54],"Islamic":[19,34,55,60,93,196,201,209,214,303,314,358,366,381],"funds.":[20,108,143,221],"Compared":[21],"conventional":[23],"who":[25],"are":[26,36,203,260],"not":[27],"restricted":[28,37],"in":[29,64,155,179,232,240,245,262,289,333],"their":[30,67,291,339],"choice":[31],"funds,":[33,41,215],"investing":[39,231],"inshari\u2019a-compliant":[40],"thus":[42,58],"giving":[43],"up":[44],"some":[45,297],"benefits.":[47],"possibility":[49],"funds":[56,94,124,197,202,210,218,235,238,255,259,304,367,382],"may":[57],"help":[59,190],"invest":[63],"accordance":[65],"religious":[68],"beliefs":[69],"and":[70,95,100,105,125,129,153,198,211,219,236,244,256,287,326,337],"still":[71],"benefit":[72,229],"from":[73,230,272],"diversification.":[74],"Design/methodology/approach":[75],"assesses":[79],"by":[84,96,293],"analyzing":[85],"extent":[87],"co-integration":[89],"four":[91],"regional":[92,302,313],"estimating":[97],"short-term":[99],"long-term":[101],"structural":[102,136],"dynamics":[103,137],"these":[107,123,142,273],"uses":[111],"an":[112],"Autoregressive-Distributed":[113],"Lag":[114],"(ARDL)":[115],"approach":[116,160],"testing":[118],"long-run":[120,264,281],"relationships":[121],"use":[126],"variance":[127],"decomposition":[128],"impulse":[130],"response":[131],"functions":[132],"examine":[134],"relationship":[140],"between":[141,364],"These":[144],"methods":[145],"can":[146,189],"also":[147,224],"be":[148,346],"used":[149],"for":[150,268],"predictive":[151],"purposes":[152],"represent,":[154],"authors":[156],"opinion,":[157],"a":[158,176,342],"useful":[159],"that":[161,186,226,253,296,331],"complements":[162],"traditional":[164],"methodology":[165],"static":[167],"covariance":[168],"matrix":[169],"find":[171],"efficient":[173],"frontier":[174],"at":[175],"given":[177],"moment":[178],"time.":[180],"Findings":[181],"results":[184],"indicate":[185],"reduce":[191],"risk":[192,308],"if":[193],"Asia":[194,207],"Pacific":[195,208],"MENA":[199,220,237],"region":[200],"invested":[204],"contemporaneously":[205],"and/or":[206,216],"North":[212,233,257],"America":[213],"Europe":[217,254],"finds":[225,252],"would":[228,345],"American":[234,258],"both":[239],"long":[242],"run":[243,336],"short":[247,335],"run.":[248],"Conversely,":[249],"co-integrated":[261],"precluding":[265],"opportunity":[267],"substantial":[269],"particular":[274],"portfolio":[275,292,298,340],"mixes.":[276],"Research":[277],"limitations/implications":[278],"analysis":[282,319,353],"helps":[283,321],"passive":[284],"fund":[285,315,324],"managers":[286,325],"composing":[290],"providing":[294],"evidence":[295],"mixes":[299],"different":[301],"lead":[305],"better":[307,373],"return":[309],"performance":[310],"than":[311],"one":[312],"portfolios.":[316],"short-run":[318],"however":[320],"active":[323],"as":[328,348,360],"it":[329],"suggests":[330,372],"diversifying":[332],"reviewing":[338],"on":[341],"regular":[343],"basis":[344],"beneficial":[347],"well.":[349],"Originality/value":[350],"This":[352],"justifies":[354],"promotion":[356],"finance":[359],"negative":[362],"correlation":[363],"several":[365],"across":[368],"regions":[370],"studied":[371],"opportunities":[374],"investments":[376],"via":[377],"making":[380],"more":[383],"desirable.":[384]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}