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Islamic equity funds: an Italian perspective


  • Stefano, Collina


Fuelled by the skyrocketing commodities prices and the booming middle-classes in emerging economies, the Islamic equity funds industry has been in the recent years one of the fastest growing sector in the global finance panorama. This paper discusses the peculiar characteristics of an Italian equity portfolio constructed following the Sharia'a provisions and the opportunities this industry offers to Italian financial institutions in both the retail and wholesale markets. This paper also discusses how these funds weathered the financial crisis and how they are able to offer a value-added to particular investor classes along with the ethical part.

Suggested Citation

  • Stefano, Collina, 2009. "Islamic equity funds: an Italian perspective," MPRA Paper 22343, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22343

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    References listed on IDEAS

    1. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    2. Massa, Massimo & Simonov, Andrei, 2005. "Is learning a dimension of risk?," Journal of Banking & Finance, Elsevier, vol. 29(10), pages 2605-2632, October.
    3. Gerard Debreu, 1957. "Stochastic Choice and Cardinal Utility," Cowles Foundation Discussion Papers 39, Cowles Foundation for Research in Economics, Yale University.
    4. Drazen Prelec, 1998. "The Probability Weighting Function," Econometrica, Econometric Society, vol. 66(3), pages 497-528, May.
    5. Steinbacher, Matjaz, 2008. "Stochastic Processes in Finance and Behavioral Finance," MPRA Paper 13603, University Library of Munich, Germany.
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    More about this item


    Islamic Finance; Islamic Equity Funds; Performance; Islamic Mutual Funds; Financial Ratios;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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