.... Findings Islamic mutual funds (IMFs) consistently outperformed conventional mutual funds (CMFs) in terms of returns and volatility during both the GFC and COVID-19 pandemic, demonstrating lower systematic risk. While CMFs exhibited slightly higher returns prior to the GFC, IMFs showed greater resilience...

...Manal Alqahtani; M. Ishaq Bhatti Purpose This paper aims to conduct a comprehensive literature-based analysis of the mutual fund industry in Saudi Arabia, with a particular emphasis on the strategic development and ethical positioning of Islamic mutual funds (IMFs). It critically explores...

...Said Elfakhani Purpose This study aims to test mutual fund superiority, comparing the performance of 646 Islamic mutual funds with 475 ethical funds and conventional proxies. Design/methodology/approach This study uses statistical methods including paired t-statistics of independent...

... 2022 20 05 2022 © Emerald Publishing Limited 2020 Emerald Publishing Limited Licensed re-use rights only Portfolio replication Debt–equity portfolio swaps Systematic risk Islamic mutual funds Idiosyncratic risk Public and private debt Issam Tlemsani can be contacted...

... aims to rank the performance of religious and ethical investment funds. Design/methodology/approach This study uses monthly returns from 2005 to 2015 to perform traditional asset pricing models as well as data envelopment analysis to determine rank. Findings Islamic mutual funds outperform...

... Muslims investors must adhere, and thus, fund managers must therefore maximize returns from their investment portfolio subject to these constraints. These types of funds are referred to as Islamic mutual funds and follow strict guidelines. The Muslim investor is guided by the main sources...