Abstract

The purpose of this thesis is to examine the performance of both Islamic and conventional stocks, and to investigate whether the Islamic filtering criteria acts as a shield of protection for investors during crisis or not, based on a panel sample of 12 countries in the MENA region covering 10 different sectors from 1998-2018. Using panel fixed effect regression. We divided out sample into three periods; 1998-2006 pre-crisis period, 2007-2008 crisis period and 2009-2018 post crisis period. Our main finding is that the filtering criteria has a positive relation with the returns significant for the post crisis period and positive significance for the two other periods; crisis and pre crisis.

School

School of Business

Department

Management Department

Degree Name

MS in Finance

Graduation Date

Winter 1-21-2020

Submission Date

1-21-2020

First Advisor

Ahmed, Neveen

Second Advisor

Bouaddi, Mohammed

Committee Member 1

Youssef, Noha

Committee Member 2

Abdallah, Wael

Extent

48 leaves

Document Type

Master's Thesis

Institutional Review Board (IRB) Approval

Not necessary for this item

Available for download on Thursday, November 02, 2023

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