#2364. The resilience of Islamic equity funds during COVID-19: Evidence from risk adjusted performance, investment styles and volatility timing

October 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript4500 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Finance;
Economics and Econometrics;
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Abstract:
The article analyzes the impact of risks, investing styles and volatility timing on the performance of Islamic and traditional equity funds during the COVID-19 pandemic. The results show differences in risk-adjusted returns, investing styles and timing of volatility among traditional Islamic equity funds. Whats more, Islamic equity funds are more resilient to the COVID-19 shock as they outnumbered non-Islamic counterparts during the peak months of the pandemic. Style analysis reveals that investments have drifted from riskier styles to more prudent options in response to the uncertainty of each stage.
Keywords:
COVID-19; Islamic equity funds; Resilience; Style analysis; Volatility timing

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