... demonstrates significant and beneficial calendar effects during the whole Ramadhan season. C22 D53 G11 G14 Munusamy (2018) examined the Indian stock market's performance during the Ramadhan period in relation to the Islamic calendar. The study applied statistical techniques like ordinary...

... Anomalies African financial markets Asian financial markets Islamic Holy days G14 O16 Z12 Islamic finance industry has shown promising growth across the globe during the past decade. Its total assets have grown from US$1.6tn to US$2.1tn during the five years period (2013 to 2018...