How to cite this paper
Hasnaoui, H & Fatnassi, I. (2021). Measuring the selectivity and market timing performance of Islamic mutual funds in the KSA.Accounting, 7(5), 1067-1072.
Refrences
Abderrezak, F. (2008). The performance of Islamic equity funds: A comparison to conventional, Islamic and ethical benchmarks. Retrieved April, 1, 2010.
Abdullah, F., Hassan, T., & Mohamad, S. (2007). Investigation of performance of Malaysian Islamic unit trust funds: Comparison with conventional unit trust funds. Managerial Finance.
Ashraf, D. (2013). Performance evaluation of Islamic mutual funds relative to conventional funds. International Journal of Islamic and Middle Eastern Finance and Management.
Azmi, W., Mohamad, S., & Shah, M. E. (2020). Ethical investments and financial performance: An international evidence. Pacific-Basin Finance Journal, 62, 101147.
Boo, Y. L., Ee, M. S., Li, B., & Rashid, M. (2017). Islamic or conventional mutual funds: Who has the upper hand? Evidence from Malaysia. Pacific-Basin Finance Journal, 42, 183-192.
Carhart, M. M. (1997). On persistence in mutual fund performance. The Journal of finance, 52(1), 57-82.
Elfakhani, S. M., Hassan, M. K., & Sidani, Y. M. (2007). 16 Islamic mutual funds. Handbook of Islamic banking, 256.
Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of financial economics, 33(1), 3-56.
Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of financial economics, 116(1), 1-22.
Fama, E. F., & French, K. R. (2018). Choosing factors. Journal of financial economics, 128(2), 234-252.
Fama, E. F., & MacBeth, J. D. (1973). Risk, return, and equilibrium: Empirical tests. Journal of political economy, 81(3), 607-636.
Girard, E. C., & Hassan, M. K. (2008). Is there a cost to faith-based investing: Evidence from FTSE Islamic indices. The journal of Investing, 17(4), 112-121.
Hakim, S., & Rashidian, M. (2004). How costly is investors' compliance with Sharia.
Hammami, Y., & Oueslati, A. (2017). Measuring skill in the Islamic mutual fund industry: Evidence from GCC countries. Journal of International Financial Markets, Institutions and Money, 49, 15-31.
Hayat, R., & Kraeussl, R. (2011). Risk and return characteristics of Islamic equity funds. Emerging markets review, 12(2), 189-203.
Henriksson, R. D., & Merton, R. C. (1981). On market timing and investment performance. II. Statistical procedures for evaluating forecasting skills. Journal of business, 513-533.
Hoepner, A. G., Rammal, H. G., & Rezec, M. (2011). Islamic mutual funds’ financial performance and international investment style: evidence from 20 countries. The European Journal of Finance, 17(9-10), 829-850.
Hussein, K., & Omran, M. (2005). Ethical investment revisited: evidence from Dow Jones Islamic indexes. The journal of Investing, 14(3), 105-126.
Leite, P., & Cortez, M. C. (2014). Selectivity and timing abilities of international socially responsible funds. Applied Economics Letters, 21(3), 185-188.
Lintner, J. (1965). Security prices, risk, and maximal gains from diversification. The Journal of finance, 20(4), 587-615.
Merdad, H., Hassan, M. K., & Alhenawi, Y. (2010). Islamic versus conventional mutual funds performance in Saudi Arabia: a case study. JKAU: Islamic Econ, 23(2), 157-193.
Merdad, H., Hassan, M. K., & Khawaja, M. (2016). Does faith matter in mutual funds investing? Evidence from Saudi Arabia. Emerging Markets Finance and Trade, 52(4), 938-960.
Omri, A., Soussou, K., & Ben Sedrine Goucha, N. (2019). On the post-financial crisis performance of Islamic mutual funds: the case of Riyad funds. Applied Economics, 51(18), 1929-1946.
Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. The Review of financial studies, 22(1), 435-480.
Rubio, J. F., Hassan, M. K., & Merdad, H. J. (2012). Non‐parametric performance measurement of international and Islamic mutual funds. Accounting Research Journal.
Sharpe, W. F. (1966). Mutual fund performance. The Journal of business, 39(1), 119-138.
Treynor, J., & Mazuy, K. (1966). Can mutual funds outguess the market. Harvard business review, 44(4), 131-136.
Zouaoui, M. (2019). Selectivity and market timing ability of fund managers: Comparative analysis of Islamic and conventional HSBC Saudi mutual funds. International Journal of Financial Studies, 7(3), 48.
Abdullah, F., Hassan, T., & Mohamad, S. (2007). Investigation of performance of Malaysian Islamic unit trust funds: Comparison with conventional unit trust funds. Managerial Finance.
Ashraf, D. (2013). Performance evaluation of Islamic mutual funds relative to conventional funds. International Journal of Islamic and Middle Eastern Finance and Management.
Azmi, W., Mohamad, S., & Shah, M. E. (2020). Ethical investments and financial performance: An international evidence. Pacific-Basin Finance Journal, 62, 101147.
Boo, Y. L., Ee, M. S., Li, B., & Rashid, M. (2017). Islamic or conventional mutual funds: Who has the upper hand? Evidence from Malaysia. Pacific-Basin Finance Journal, 42, 183-192.
Carhart, M. M. (1997). On persistence in mutual fund performance. The Journal of finance, 52(1), 57-82.
Elfakhani, S. M., Hassan, M. K., & Sidani, Y. M. (2007). 16 Islamic mutual funds. Handbook of Islamic banking, 256.
Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of financial economics, 33(1), 3-56.
Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of financial economics, 116(1), 1-22.
Fama, E. F., & French, K. R. (2018). Choosing factors. Journal of financial economics, 128(2), 234-252.
Fama, E. F., & MacBeth, J. D. (1973). Risk, return, and equilibrium: Empirical tests. Journal of political economy, 81(3), 607-636.
Girard, E. C., & Hassan, M. K. (2008). Is there a cost to faith-based investing: Evidence from FTSE Islamic indices. The journal of Investing, 17(4), 112-121.
Hakim, S., & Rashidian, M. (2004). How costly is investors' compliance with Sharia.
Hammami, Y., & Oueslati, A. (2017). Measuring skill in the Islamic mutual fund industry: Evidence from GCC countries. Journal of International Financial Markets, Institutions and Money, 49, 15-31.
Hayat, R., & Kraeussl, R. (2011). Risk and return characteristics of Islamic equity funds. Emerging markets review, 12(2), 189-203.
Henriksson, R. D., & Merton, R. C. (1981). On market timing and investment performance. II. Statistical procedures for evaluating forecasting skills. Journal of business, 513-533.
Hoepner, A. G., Rammal, H. G., & Rezec, M. (2011). Islamic mutual funds’ financial performance and international investment style: evidence from 20 countries. The European Journal of Finance, 17(9-10), 829-850.
Hussein, K., & Omran, M. (2005). Ethical investment revisited: evidence from Dow Jones Islamic indexes. The journal of Investing, 14(3), 105-126.
Leite, P., & Cortez, M. C. (2014). Selectivity and timing abilities of international socially responsible funds. Applied Economics Letters, 21(3), 185-188.
Lintner, J. (1965). Security prices, risk, and maximal gains from diversification. The Journal of finance, 20(4), 587-615.
Merdad, H., Hassan, M. K., & Alhenawi, Y. (2010). Islamic versus conventional mutual funds performance in Saudi Arabia: a case study. JKAU: Islamic Econ, 23(2), 157-193.
Merdad, H., Hassan, M. K., & Khawaja, M. (2016). Does faith matter in mutual funds investing? Evidence from Saudi Arabia. Emerging Markets Finance and Trade, 52(4), 938-960.
Omri, A., Soussou, K., & Ben Sedrine Goucha, N. (2019). On the post-financial crisis performance of Islamic mutual funds: the case of Riyad funds. Applied Economics, 51(18), 1929-1946.
Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. The Review of financial studies, 22(1), 435-480.
Rubio, J. F., Hassan, M. K., & Merdad, H. J. (2012). Non‐parametric performance measurement of international and Islamic mutual funds. Accounting Research Journal.
Sharpe, W. F. (1966). Mutual fund performance. The Journal of business, 39(1), 119-138.
Treynor, J., & Mazuy, K. (1966). Can mutual funds outguess the market. Harvard business review, 44(4), 131-136.
Zouaoui, M. (2019). Selectivity and market timing ability of fund managers: Comparative analysis of Islamic and conventional HSBC Saudi mutual funds. International Journal of Financial Studies, 7(3), 48.