{"id":"https://openalex.org/W3195326953","doi":"https://doi.org/10.14421/grieb.2021.091-04","title":"Quantitative Sharia-Screening Effect on Portfolio Performance and Volatility: Evidence from Indonesia","display_name":"Quantitative Sharia-Screening Effect on Portfolio Performance and Volatility: Evidence from Indonesia","publication_year":2021,"publication_date":"2021-08-21","ids":{"openalex":"https://openalex.org/W3195326953","doi":"https://doi.org/10.14421/grieb.2021.091-04","mag":"3195326953"},"language":"en","primary_location":{"id":"doi:10.14421/grieb.2021.091-04","doi":"https://doi.org/10.14421/grieb.2021.091-04","is_oa":true,"landing_page_url":"https://doi.org/10.14421/grieb.2021.091-04","pdf_url":"https://ejournal.uin-suka.ac.id/febi/grieb/article/download/091-04/766","source":{"id":"https://openalex.org/S4210213862","display_name":"Global Review of Islamic Economics and Business","issn_l":"2338-7920","issn":["2338-7920","2338-2619"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315318","host_organization_name":"Sunan Kalijaga Islamic University","host_organization_lineage":["https://openalex.org/P4310315318"],"host_organization_lineage_names":["Sunan Kalijaga Islamic University"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Review of Islamic Economics and Business","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://ejournal.uin-suka.ac.id/febi/grieb/article/download/091-04/766","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100749159","display_name":"Syamsul Arifin","orcid":"https://orcid.org/0000-0003-3048-4897","observed_orcids":["https://orcid.org/0000-0003-3048-4897"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Syamsul Arifin","raw_affiliation_strings":["IAIN Pekalongan, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IAIN Pekalongan, Indonesia","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5022993069","display_name":"Ibnu Qizam","orcid":"https://orcid.org/0000-0003-4881-3118","observed_orcids":["https://orcid.org/0000-0003-4881-3118"]},"institutions":[{"id":"https://openalex.org/I153562115","display_name":"Syarif Hidayatullah State Islamic University Jakarta","ror":"https://ror.org/00c7fav87","country_code":"ID","type":"education","lineage":["https://openalex.org/I153562115"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Ibnu Qizam","raw_affiliation_strings":["UIN Syarif Hidayatullah Jakarta, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UIN Syarif Hidayatullah Jakarta, Indonesia","institution_ids":["https://openalex.org/I153562115"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.1011,"has_fulltext":true,"cited_by_count":8,"citation_normalized_percentile":{"value":0.86781377,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"9","issue":"1","first_page":"043","last_page":"063"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9961000084877014,"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":0.9961000084877014,"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":0.00139999995008111,"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/T12651","display_name":"Halal products and consumer behavior","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-investment","display_name":"Islamic investment","score":0.3659999966621399},{"id":"https://openalex.org/keywords/debt-equity-ratio","display_name":"debt to equity ratio","score":0.8299999833106995},{"id":"https://openalex.org/keywords/portfolio-performance","display_name":"portfolio performance","score":0.7670000195503235},{"id":"https://openalex.org/keywords/portfolio-volatility","display_name":"portfolio volatility","score":0.9660000205039978},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.8579999804496765},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.3659999966621399}],"concepts":[{"id":"https://openalex.org/C168702047","wikidata":"https://www.wikidata.org/wiki/Q482752","display_name":"Sharia","level":3,"score":0.7164950966835022},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6469326019287109},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5809651017189026},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.47698694467544556},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4578169882297516},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4551837146282196},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.45362088084220886},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.45001545548439026},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.397418737411499},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3294956088066101},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.22347253561019897},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.17414745688438416},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13324210047721863},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.1140299141407013},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.14421/grieb.2021.091-04","doi":"https://doi.org/10.14421/grieb.2021.091-04","is_oa":true,"landing_page_url":"https://doi.org/10.14421/grieb.2021.091-04","pdf_url":"https://ejournal.uin-suka.ac.id/febi/grieb/article/download/091-04/766","source":{"id":"https://openalex.org/S4210213862","display_name":"Global Review of Islamic Economics and Business","issn_l":"2338-7920","issn":["2338-7920","2338-2619"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315318","host_organization_name":"Sunan Kalijaga Islamic University","host_organization_lineage":["https://openalex.org/P4310315318"],"host_organization_lineage_names":["Sunan Kalijaga Islamic University"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Review of Islamic Economics and Business","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.14421/grieb.2021.091-04","doi":"https://doi.org/10.14421/grieb.2021.091-04","is_oa":true,"landing_page_url":"https://doi.org/10.14421/grieb.2021.091-04","pdf_url":"https://ejournal.uin-suka.ac.id/febi/grieb/article/download/091-04/766","source":{"id":"https://openalex.org/S4210213862","display_name":"Global Review of Islamic Economics and Business","issn_l":"2338-7920","issn":["2338-7920","2338-2619"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315318","host_organization_name":"Sunan Kalijaga Islamic University","host_organization_lineage":["https://openalex.org/P4310315318"],"host_organization_lineage_names":["Sunan Kalijaga Islamic University"],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Global Review of Islamic Economics and Business","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3195326953.pdf","grobid_xml":"https://content.openalex.org/works/W3195326953.grobid-xml"},"referenced_works_count":22,"referenced_works":["https://openalex.org/W1552278994","https://openalex.org/W1597919690","https://openalex.org/W1860667282","https://openalex.org/W1995562606","https://openalex.org/W2084503591","https://openalex.org/W2127152800","https://openalex.org/W2188871668","https://openalex.org/W2202160217","https://openalex.org/W2269122190","https://openalex.org/W2344325425","https://openalex.org/W2571811451","https://openalex.org/W2590851416","https://openalex.org/W2607821895","https://openalex.org/W2617063561","https://openalex.org/W2780076494","https://openalex.org/W2883652452","https://openalex.org/W3113270195","https://openalex.org/W3122123991","https://openalex.org/W3194465875","https://openalex.org/W4206941617","https://openalex.org/W4285719527","https://openalex.org/W7030618329"],"related_works":["https://openalex.org/W7005050468","https://openalex.org/W2997991990","https://openalex.org/W7220083475","https://openalex.org/W1499559417","https://openalex.org/W3112797257","https://openalex.org/W7171776674","https://openalex.org/W2913463964","https://openalex.org/W7038800854","https://openalex.org/W2622689985","https://openalex.org/W7038919106"],"abstract_inverted_index":{"The":[0],"aim":[1],"of":[2,30,115,126],"this":[3,135],"study":[4,103],"is":[5,69],"to":[6,26,105],"examine":[7],"the":[8,20,28,35,41,46,53,61,64,82,91,116,122,130],"comparative":[9],"performance":[10,73],"and":[11,15,25,60,76,120],"volatility":[12],"between":[13,74],"Sharia":[14,75,79],"conventional":[16,77,86],"portfolios":[17,80],"listed":[18],"on":[19,34,109],"Indonesia":[21],"Stock":[22],"Exchange":[23],"(IDX)":[24],"investigate":[27],"effect":[29],"quantitative":[31,89,111,127,140],"(debt-ratio)":[32],"screening":[33],"Sharia-and-conventional-portfolios":[36],"returns":[37],"specifically":[38],"applied":[39],"in":[40,72,133],"selected":[42],"public":[43,131],"firms":[44,132],"with":[45],"inter-industrial":[47],"low-correlations.":[48],"Applying":[49],"a":[50,138],"non-parametric":[51],"test,":[52],"autoregressive":[54],"integrated":[55],"moving":[56],"average":[57],"(ARIMA)":[58],"model,":[59],"regression":[62],"analysis,":[63],"results":[65],"suggest":[66],"that":[67,137],"there":[68],"no":[70],"difference":[71],"portfolios;":[78],"show":[81],"lower":[83],"risks":[84],"than":[85],"portfolios.":[87],"Using":[88],"Sharia-screening,":[90],"debt-to-equity":[92],"ratio":[93],"(DER)":[94],"affects":[95],"Sharia-portfolio":[96],"returns,":[97],"but":[98],"not":[99],"conventional-portfolio":[100],"returns.":[101],"This":[102],"contributes":[104],"providing":[106],"country-specific":[107,139],"evidence":[108],"applying":[110,121],"Sharia-screening.":[112],"Taking":[113],"notice":[114],"existing":[117],"high-profile":[118],"debt-ratio":[119],"relatively":[123],"loose":[124],"standard":[125,142],"Sharia-screening":[128,141],"for":[129],"Indonesia,":[134],"suggests":[136],"should":[143],"be":[144],"supported.":[145]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2021-08-30T00:00:00"}
