Keywords: Shariah-compliant market
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Journal Articles
Journal of Islamic Accounting and Business Research 1–28.
Published: 08 October 2026
... between global market returns and cross-sectional return dispersion suggests that investors generally act independently across Shariah-compliant markets. However, herding behaviour emerges under specific conditions. During strong up-market phases, Türkiye, Dubai, Malaysia, Pakistan and Saudi...

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