{"id":"https://openalex.org/W4311705384","doi":"https://doi.org/10.1108/imefm-01-2022-0024","title":"Sukuk and bond dynamics in relation to exchange rate","display_name":"Sukuk and bond dynamics in relation to exchange rate","publication_year":2022,"publication_date":"2022-12-06","ids":{"openalex":"https://openalex.org/W4311705384","doi":"https://doi.org/10.1108/imefm-01-2022-0024"},"language":"en","primary_location":{"id":"doi:10.1108/imefm-01-2022-0024","doi":"https://doi.org/10.1108/imefm-01-2022-0024","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-01-2022-0024","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"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":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"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":null,"display_name":"Syed Mabruk Billah","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I138564716","display_name":"Prince Mohammad bin Fahd University","ror":"https://ror.org/03d64na34","country_code":"SA","type":"education","lineage":["https://openalex.org/I138564716"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Syed Mabruk Billah","raw_affiliation_strings":["Department of Accounting and Finance, College of Business Administration, Prince Mohammad Bin Fahd University, Al Khobar, Saudi Arabia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, College of Business Administration, Prince Mohammad Bin Fahd University, Al Khobar, Saudi Arabia","institution_ids":["https://openalex.org/I138564716"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5084076478","display_name":"Thi Thu Ha Nguyen","orcid":"https://orcid.org/0000-0001-6392-4399","observed_orcids":["https://orcid.org/0000-0001-6392-4399"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Thi Thu Ha Nguyen","raw_affiliation_strings":["School of Economics and Finance, Massey University, Auckland, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Massey University, Auckland, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5086361907","display_name":"Md Iftekhar Hasan Chowdhury","orcid":"https://orcid.org/0000-0002-3628-9884","observed_orcids":["https://orcid.org/0000-0002-3628-9884"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Md Iftekhar Hasan Chowdhury","raw_affiliation_strings":["School of Economics and Finance, Massey University, Auckland, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Massey University, Auckland, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.4661,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.92819615,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"16","issue":"3","first_page":"621","last_page":"646"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9839000105857849,"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":0.9839000105857849,"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/T11059","display_name":"Market Dynamics and Volatility","score":0.006500000134110451,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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":0.00430000014603138,"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/sukuk","display_name":"sukuk","score":0.8159999847412109},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.753000020980835},{"id":"https://openalex.org/keywords/bond-market","display_name":"bond market","score":0.5249999761581421},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.7319999933242798},{"id":"https://openalex.org/keywords/wavelet-coherence","display_name":"wavelet coherence","score":0.7850000262260437},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.8880000114440918}],"concepts":[{"id":"https://openalex.org/C2776985281","wikidata":"https://www.wikidata.org/wiki/Q1145541","display_name":"Sukuk","level":4,"score":0.9226444363594055},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7477992177009583},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.6852037906646729},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6645517945289612},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5497649908065796},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5446027517318726},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.48790881037712097},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.45147696137428284},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.41954925656318665},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.4186147451400757},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3439825475215912},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3300706148147583},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.30294865369796753},{"id":"https://openalex.org/C2991718497","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic finance","level":3,"score":0.19285744428634644},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.18173155188560486},{"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},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"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/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/imefm-01-2022-0024","doi":"https://doi.org/10.1108/imefm-01-2022-0024","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-01-2022-0024","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"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":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:imefmp:imefm-01-2022-0024","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IMEFM-01-2022-0024/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","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"},{"id":"pmh:oai:researcharchive.lincoln.ac.nz:10182/17768","doi":null,"is_oa":false,"landing_page_url":"https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=elements_prod&SrcAuth=WosAPI&KeyUT=WOS:000893863100001&DestLinkType=FullRecord&DestApp=WOS_CPL","pdf_url":null,"source":{"id":"https://openalex.org/S4306400204","display_name":"Lincoln University Research Archive (Lincoln University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I184746854","host_organization_name":"Lincoln University","host_organization_lineage":["https://openalex.org/I184746854"],"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":"Journal Article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.5263000130653381,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":71,"referenced_works":["https://openalex.org/W216293908","https://openalex.org/W1606427053","https://openalex.org/W1925018089","https://openalex.org/W1999996900","https://openalex.org/W2010541124","https://openalex.org/W2017491117","https://openalex.org/W2034139177","https://openalex.org/W2039734130","https://openalex.org/W2045310351","https://openalex.org/W2056414514","https://openalex.org/W2078871175","https://openalex.org/W2093580544","https://openalex.org/W2097459257","https://openalex.org/W2100338199","https://openalex.org/W2109901567","https://openalex.org/W2120281739","https://openalex.org/W2124459709","https://openalex.org/W2149154770","https://openalex.org/W2158113939","https://openalex.org/W2176121012","https://openalex.org/W2188259159","https://openalex.org/W2291023377","https://openalex.org/W2295221750","https://openalex.org/W2306605854","https://openalex.org/W2338730191","https://openalex.org/W2343999509","https://openalex.org/W2345192823","https://openalex.org/W2399400197","https://openalex.org/W2413693932","https://openalex.org/W2471870700","https://openalex.org/W2536591032","https://openalex.org/W2544894511","https://openalex.org/W2558416306","https://openalex.org/W2561720948","https://openalex.org/W2599086692","https://openalex.org/W2613421862","https://openalex.org/W2737382623","https://openalex.org/W2756128961","https://openalex.org/W2763518237","https://openalex.org/W2780098393","https://openalex.org/W2793414243","https://openalex.org/W2795638390","https://openalex.org/W2883145315","https://openalex.org/W2889947273","https://openalex.org/W2891957450","https://openalex.org/W2912036234","https://openalex.org/W2913389063","https://openalex.org/W3004223735","https://openalex.org/W3006963421","https://openalex.org/W3013927281","https://openalex.org/W3035065897","https://openalex.org/W3047880265","https://openalex.org/W3105516342","https://openalex.org/W3121830556","https://openalex.org/W3122423293","https://openalex.org/W3122712673","https://openalex.org/W3123014113","https://openalex.org/W3123675820","https://openalex.org/W3124590650","https://openalex.org/W3136080673","https://openalex.org/W3151413247","https://openalex.org/W3161770591","https://openalex.org/W3162072197","https://openalex.org/W3172084563","https://openalex.org/W3212967287","https://openalex.org/W4200140781","https://openalex.org/W4210255162","https://openalex.org/W4210537441","https://openalex.org/W4211077460","https://openalex.org/W4211130022","https://openalex.org/W4298199723"],"related_works":["https://openalex.org/W2763518237","https://openalex.org/W4412157748","https://openalex.org/W2343343243","https://openalex.org/W2466728838","https://openalex.org/W2518915374","https://openalex.org/W7217864156","https://openalex.org/W3211067615","https://openalex.org/W2979455169","https://openalex.org/W3039078723","https://openalex.org/W3017356263"],"abstract_inverted_index":{"Purpose":[0],"This":[1,26],"study":[2,27,76,145,166],"aims":[3],"to":[4,104],"contribute":[5],"by":[6,123],"expanding":[7],"the":[8,18,21,29,41,64,86,97,102,115,135,138,143,148,157],"existing":[9],"literature":[10],"on":[11],"Sukuk":[12,33,59,84,129,152],"return":[13,60,153],"and":[14,16,48,61,107,130,154,175],"volatility":[15,62,155],"exploring":[17],"implications":[19],"of":[20,32,58,137,151],"Sukuk-exchange":[22],"rate":[23,36,160],"interactions.":[24],"Design/methodology/approach":[25],"examines":[28],"dynamic":[30,149],"interactions":[31],"with":[34,63,156],"exchange":[35,66,159],"in":[37,78,101,161],"15":[38,162],"countries,":[39],"employing":[40],"Wavelet":[42],"approach":[43],"that":[44,146],"considers":[45],"both":[46],"time":[47],"investment":[49],"horizons.":[50],"Findings":[51],"The":[52,68],"results":[53],"reveal":[54],"significant":[55],"evolving":[56],"coherence":[57,87,98],"underlying":[65,158],"rate.":[67],"relationship":[69,150],"is":[70,88,92,99,142],"more":[71],"potent":[72],"than":[73],"what":[74],"this":[75,141,165],"witnesses":[77],"their":[79],"counterpart":[80],"bond":[81],"market.":[82],"For":[83],"returns,":[85],"negative,":[89],"whereas":[90],"it":[91],"positive":[93],"for":[94,128,170],"volatility.":[95],"Notably,":[96],"strong":[100],"medium":[103],"long":[105],"term":[106],"intensifies":[108],"during":[109,114],"extreme":[110],"economic":[111],"episodes,":[112],"especially":[113],"COVID-19":[116],"pandemic.":[117],"These":[118],"findings":[119],"are":[120],"further":[121],"validated":[122],"comparing":[124],"firm-level":[125],"matched":[126],"data":[127],"conventional":[131],"bond.":[132],"Originality/value":[133],"To":[134],"best":[136],"authors\u2019":[139],"knowledge,":[140],"first":[144],"reports":[147],"countries.":[163],"Collectively,":[164],"unites":[167],"valuable":[168],"insights":[169],"faith-based":[171],"active":[172],"Islamic":[173],"investors":[174],"cross-border":[176],"portfolio":[177],"managers.":[178]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":9}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2022-12-28T00:00:00"}