Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Journal of Islamic Monetary Economics and Finance
Khan, Naveed
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Resilience of Islamic Stock Indexes to Economic Uncertainty: Quantile-on-Quantile Insights Siddiqui, Ozair; Khan, Naveed
Journal of Islamic Monetary Economics and Finance Vol. 12 No. 1 (2026)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v12i1.2626

Abstract

This paper examines the impact of country specific EPU on Islamic stock indexes of developed, emerging, and frontier markets using Quantile on Quantile Regression (QQR). For robustness, we employ causality in mean and variance. We gather Islamic stock indexes and country specific EPU data from nine markets, classified as developed, emerging, and frontier, from January 2010 to November 2024. Our findings demonstrate that EPU exhibits predictive power for Islamic stock indexes across different quantiles (lower to higher). Additionally, the effect of EPU on respective Islamic stock indexes is asymmetric. Finally, we also show that country specific EPU negatively (positively) impacts Islamic stocks during bearish (bullish) periods of economic activity. These findings add to our understanding of and contribute to the limited literature on Islamic stock markets, highlighting their unique characteristics and responses to policy-driven uncertainties.
Co-Authors Siddiqui, Ozair