A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia

The growths of demand for Islamic products lead to a growth of unit trust, or funds, based on Islamic principles. The main aim of this research is to observe the differences in performance between Islamic and conventional funds in the context of Malaysian capital market. This study uses 94 funds as...

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Main Author:	Azrul Haffiz, Mohamed
Format:	Thesis
Language:	eng eng
Published:	2010
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/2537/1/Azrul_Haffiz_Mohamed.pdf https://etd.uum.edu.my/2537/2/1.Azrul_Haffiz_Mohamed.pdf
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id	my-uum-etd.2537
record_format	uketd_dc
spelling	my-uum-etd.25372022-07-03T01:02:25Z A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia 2010-10 Azrul Haffiz, Mohamed Taufil Mohd, Kamarun Nisham College of Business (COB) College of Business HG Finance The growths of demand for Islamic products lead to a growth of unit trust, or funds, based on Islamic principles. The main aim of this research is to observe the differences in performance between Islamic and conventional funds in the context of Malaysian capital market. This study uses 94 funds as the sample, which is made up of 44 Islamic funds and 50 conventional funds. To achieve the major objectives of this paper, Sharpe ratio, Treynor index and Jensen alpha are used to evaluate the mutual funds performance. To examine whether the differences in performance are influenced by the choice of market benchmarks, this study uses both KLCI and EMAS indexes. This study finds that, the differences between Islamic funds and conventional funds are not significant based on t-tests and the locations of both type of funds according to Mann-Whitney tests. The use of either KLCI Index or EMAS as a market benchmark does not influence the result. 2010-10 Thesis https://etd.uum.edu.my/2537/ https://etd.uum.edu.my/2537/1/Azrul_Haffiz_Mohamed.pdf text eng public https://etd.uum.edu.my/2537/2/1.Azrul_Haffiz_Mohamed.pdf text eng public http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000768310 masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Taufil Mohd, Kamarun Nisham
topic	HG Finance
spellingShingle	HG Finance Azrul Haffiz, Mohamed A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
description	The growths of demand for Islamic products lead to a growth of unit trust, or funds, based on Islamic principles. The main aim of this research is to observe the differences in performance between Islamic and conventional funds in the context of Malaysian capital market. This study uses 94 funds as the sample, which is made up of 44 Islamic funds and 50 conventional funds. To achieve the major objectives of this paper, Sharpe ratio, Treynor index and Jensen alpha are used to evaluate the mutual funds performance. To examine whether the differences in performance are influenced by the choice of market benchmarks, this study uses both KLCI and EMAS indexes. This study finds that, the differences between Islamic funds and conventional funds are not significant based on t-tests and the locations of both type of funds according to Mann-Whitney tests. The use of either KLCI Index or EMAS as a market benchmark does not influence the result.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Azrul Haffiz, Mohamed
author_facet	Azrul Haffiz, Mohamed
author_sort	Azrul Haffiz, Mohamed
title	A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
title_short	A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
title_full	A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
title_fullStr	A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
title_full_unstemmed	A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia
title_sort	comparison of islamic and conventional unit trust funds' performance in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2010
url	https://etd.uum.edu.my/2537/1/Azrul_Haffiz_Mohamed.pdf https://etd.uum.edu.my/2537/2/1.Azrul_Haffiz_Mohamed.pdf
_version_	1747827369057452032

A Comparison of Islamic and Conventional Unit Trust Funds' Performance in Malaysia

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