{"id":"https://openalex.org/W2883652452","doi":"https://doi.org/10.1016/j.intfin.2018.07.007","title":"Does low leverage minimise the impact of financial shocks? New optimisation strategies using Islamic stock screening for European portfolios","display_name":"Does low leverage minimise the impact of financial shocks? New optimisation strategies using Islamic stock screening for European portfolios","publication_year":2018,"publication_date":"2018-07-24","ids":{"openalex":"https://openalex.org/W2883652452","doi":"https://doi.org/10.1016/j.intfin.2018.07.007","mag":"2883652452"},"language":"en","primary_location":{"id":"doi:10.1016/j.intfin.2018.07.007","doi":"https://doi.org/10.1016/j.intfin.2018.07.007","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intfin.2018.07.007","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://dro.dur.ac.uk/25673/","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075218424","display_name":"Abdelkader O. El Alaoui","orcid":"https://orcid.org/0000-0002-5004-0807","observed_orcids":["https://orcid.org/0000-0002-5004-0807"]},"institutions":[{"id":"https://openalex.org/I4210161322","display_name":"ESCA Ecole de Management","ror":"https://ror.org/04ykvv917","country_code":"MA","type":"education","lineage":["https://openalex.org/I4210161322"]}],"countries":["MA"],"is_corresponding":false,"raw_author_name":"AbdelKader Ouatik El-Alaoui","raw_affiliation_strings":["ESCA \u2013 School of Management, Casablanca \u2013 Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"ESCA \u2013 School of Management, Casablanca \u2013 Morocco","institution_ids":["https://openalex.org/I4210161322"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025424509","display_name":"Obiyathulla Ismath Bacha","orcid":"https://orcid.org/0000-0001-8564-3248","observed_orcids":["https://orcid.org/0000-0001-8564-3248"]},"institutions":[{"id":"https://openalex.org/I3132277652","display_name":"International Centre for Education in Islamic Finance","ror":"https://ror.org/02914ef02","country_code":"MY","type":"education","lineage":["https://openalex.org/I3132277652"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Obiyathulla Ismath Bacha","raw_affiliation_strings":["INCEIF, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INCEIF, Malaysia","institution_ids":["https://openalex.org/I3132277652"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5037748655","display_name":"Mansur Masih","orcid":"https://orcid.org/0000-0002-9965-0091","observed_orcids":["https://orcid.org/0000-0002-9965-0091"]},"institutions":[{"id":"https://openalex.org/I3132277652","display_name":"International Centre for Education in Islamic Finance","ror":"https://ror.org/02914ef02","country_code":"MY","type":"education","lineage":["https://openalex.org/I3132277652"]}],"countries":["MY"],"is_corresponding":true,"raw_author_name":"Mansur Masih","raw_affiliation_strings":["INCEIF, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"INCEIF, Malaysia","institution_ids":["https://openalex.org/I3132277652"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5023634976","display_name":"Mehmet Asutay","orcid":"https://orcid.org/0000-0003-4939-6053","observed_orcids":["https://orcid.org/0000-0003-4939-6053"]},"institutions":[{"id":"https://openalex.org/I190082696","display_name":"Durham University","ror":"https://ror.org/01v29qb04","country_code":"GB","type":"education","lineage":["https://openalex.org/I190082696"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Mehmet Asutay","raw_affiliation_strings":["Durham University Business School, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Durham University Business School, UK","institution_ids":["https://openalex.org/I190082696"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5037748655"],"corresponding_institution_ids":["https://openalex.org/I3132277652"],"apc_list":{"value":2930,"currency":"USD","value_usd":2930},"apc_paid":null,"fwci":2.9428,"has_fulltext":true,"cited_by_count":17,"citation_normalized_percentile":{"value":0.91711899,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"57","issue":null,"first_page":"160","last_page":"184"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.6234999895095825,"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":0.6234999895095825,"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/T11413","display_name":"Risk and Portfolio Optimization","score":0.08699999749660492,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.07890000194311142,"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/debt-ratio","display_name":"debt ratio","score":0.7229999899864197},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.7799999713897705},{"id":"https://openalex.org/keywords/financial-shocks","display_name":"financial shocks","score":0.902999997138977},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"portfolio optimization","score":0.9649999737739563},{"id":"https://openalex.org/keywords/mean-variance-efficient-frontier","display_name":"mean-variance efficient frontier","score":0.9589999914169312},{"id":"https://openalex.org/keywords/sharpe-ratio","display_name":"Sharpe ratio","score":0.9760000109672546},{"id":"https://openalex.org/keywords/capital-market-line","display_name":"capital market line","score":0.8339999914169312},{"id":"https://openalex.org/keywords/value-at-risk","display_name":"value at risk","score":0.7839999794960022},{"id":"https://openalex.org/keywords/systematic-risk","display_name":"systematic risk","score":0.843999981880188},{"id":"https://openalex.org/keywords/european-stock-markets","display_name":"European stock markets","score":0.7990000247955322},{"id":"https://openalex.org/keywords/equity-funds","display_name":"equity funds","score":0.843999981880188}],"concepts":[{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.6549652218818665},{"id":"https://openalex.org/C139938925","wikidata":"https://www.wikidata.org/wiki/Q1501898","display_name":"Sharpe ratio","level":3,"score":0.6366397142410278},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.5602167248725891},{"id":"https://openalex.org/C51485801","wikidata":"https://www.wikidata.org/wiki/Q16966861","display_name":"Efficient frontier","level":3,"score":0.4989736080169678},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4871515929698944},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.47997045516967773},{"id":"https://openalex.org/C74153512","wikidata":"https://www.wikidata.org/wiki/Q167064","display_name":"Debt-to-equity ratio","level":4,"score":0.4226815104484558},{"id":"https://openalex.org/C73116969","wikidata":"https://www.wikidata.org/wiki/Q16954906","display_name":"Debt-to-capital ratio","level":5,"score":0.415077805519104},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37673062086105347},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.31333810091018677},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22018620371818542},{"id":"https://openalex.org/C124972522","wikidata":"https://www.wikidata.org/wiki/Q1303176","display_name":"Equity ratio","level":4,"score":0.1556694209575653},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.12559381127357483},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1016/j.intfin.2018.07.007","doi":"https://doi.org/10.1016/j.intfin.2018.07.007","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.intfin.2018.07.007","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},{"id":"pmh:oai:dro.dur.ac.uk.OAI2:25673","doi":null,"is_oa":true,"landing_page_url":"http://dro.dur.ac.uk/25673/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Journal of international financial markets, institutions and money, 2018, Vol.57, pp.160-184 [Peer Reviewed Journal]","raw_type":"Article"},{"id":"pmh:oai:durham-repository.worktribe.com:1353651","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/file/1353651/1/Accepted%20Journal%20Article","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:https://durham-repository.worktribe.com/:1353651","doi":null,"is_oa":true,"landing_page_url":"https://durham-repository.worktribe.com/output/1353651","pdf_url":"https://durham-repository.worktribe.com/preview/1353675/25673.pdf","source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Journal Article"},{"id":"pmh:oai:RePEc:eee:intfin:v:57:y:2018:i:c:p:160-184","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S104244311730197X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:dro.dur.ac.uk.OAI2:25673","doi":null,"is_oa":true,"landing_page_url":"http://dro.dur.ac.uk/25673/","pdf_url":null,"source":{"id":"https://openalex.org/S4306400188","display_name":"Durham Research Online (Durham University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I190082696","host_organization_name":"Durham University","host_organization_lineage":["https://openalex.org/I190082696"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Journal of international financial markets, institutions and money, 2018, Vol.57, pp.160-184 [Peer Reviewed Journal]","raw_type":"Article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.5699999928474426,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W24400406","https://openalex.org/W158697640","https://openalex.org/W297557487","https://openalex.org/W560425025","https://openalex.org/W633219283","https://openalex.org/W639886463","https://openalex.org/W1490218747","https://openalex.org/W1544455601","https://openalex.org/W1854962756","https://openalex.org/W1906957105","https://openalex.org/W1969418588","https://openalex.org/W1982704291","https://openalex.org/W1993821751","https://openalex.org/W1995562606","https://openalex.org/W1999415039","https://openalex.org/W2016016405","https://openalex.org/W2053734038","https://openalex.org/W2071496267","https://openalex.org/W2073043309","https://openalex.org/W2081378542","https://openalex.org/W2081717017","https://openalex.org/W2089872280","https://openalex.org/W2098902433","https://openalex.org/W2106663796","https://openalex.org/W2124224757","https://openalex.org/W2132530441","https://openalex.org/W2153580489","https://openalex.org/W2157903047","https://openalex.org/W2164883547","https://openalex.org/W2177477097","https://openalex.org/W2434630139","https://openalex.org/W2549074997","https://openalex.org/W2795413297","https://openalex.org/W2891540749","https://openalex.org/W2992635311","https://openalex.org/W3121723276","https://openalex.org/W3122515015","https://openalex.org/W3123834602","https://openalex.org/W3124443460","https://openalex.org/W3124636119","https://openalex.org/W3125360598","https://openalex.org/W3125517554","https://openalex.org/W3126036407","https://openalex.org/W4205259337","https://openalex.org/W4232474910","https://openalex.org/W4241584625","https://openalex.org/W4254985781","https://openalex.org/W6771179638"],"related_works":["https://openalex.org/W7011150208","https://openalex.org/W2164953839","https://openalex.org/W2590851416","https://openalex.org/W3195326953","https://openalex.org/W7161596428","https://openalex.org/W2914276056","https://openalex.org/W7138928141","https://openalex.org/W1602644822","https://openalex.org/W4403003809","https://openalex.org/W3204067473"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2018-08-03T00:00:00"}