.../implications Academic literature directly addressing Islamic swaps remains limited, with the search window anchored to the 2022 research date to capture the evolution of post-2008 hedging discourse. This limitation reinforces the need for further focused research on the technical and juristic dimensions...

... that gold can be used as a successful hedge by Shariah-compliant investors. The significance level is sensitive to the choice of selection of lag terms. Finally, the strength of impact varies at weekly and monthly basis. Originality/value To the best of the authors’ knowledge, this is the first attempt...