IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-01761904.html
   My bibliography  Save this paper

Du Tunindex au Tunindex-i: Structure et Performance

Author

Listed:
  • Amine Ben Amar

    (LEDa - Laboratoire d'Economie de Dauphine - Université Paris-Dauphine)

  • Makram Bellalah
  • Lamjed Jerfel

Abstract

The stock market index is one of the main indicators that investors refer to analyze the health status of a given market. The creation of an Islamic stock index can therefore be a useful benchmark for portfolio managers and other institutional investors operating in Tunisia, especially since the Islamic finance sector has been significantly growing in recent years, through the establishment of Islamic banks, takafuls insurance and "Islamic" funds. Thus, the aim of this work is twofold. First, construct a shari'a compliant index for the Tunis stock exchange and then compare the performance of the Tunisian benchmark index (TUNINDEX) to that of the built Islamic index (TUNINDEX-i). The results of the performance analysis show that the Islamic index may outperform or underperform the benchmark, depending on the period and/or the performance measure used.

Suggested Citation

  • Amine Ben Amar & Makram Bellalah & Lamjed Jerfel, 2018. "Du Tunindex au Tunindex-i: Structure et Performance," Working Papers hal-01761904, HAL.
  • Handle: RePEc:hal:wpaper:hal-01761904
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01761904
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-01761904. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.