On The Safe-Haven and Hedging Properties of Islamic Indexes: New Evidence From COVID-19 Pandemic
12 Pages Posted: 13 Jan 2023 Last revised: 17 Apr 2023
Date Written: January 12, 2023
Abstract
Islamic indexes’ hedging and safe haven properties during the COVID-19 outbreak are still being debated. Generally, Islamic assets (Hkiri et al., 2017; Shahzad et al., 2019) have shown their safe-haven and hedge properties during turbulent stock market periods.The aim of this paper is to investigate the hedging and safe-haven properties of Islamic indexes before and during the COVID-19 pandemic using Ratner and Chiu (2013) methodology.
Keywords: Islamic index, Hedging, Safe haven, COVID-19 pandemic
Suggested Citation: Suggested Citation
Abdelmalek, Wafa and Drira, Yesser, On The Safe-Haven and Hedging Properties of Islamic Indexes: New Evidence From COVID-19 Pandemic (January 12, 2023). Available at SSRN: https://ssrn.com/abstract=4323157 or http://dx.doi.org/10.2139/ssrn.4323157
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