Relationship between Macroeconomic Variables and Net Asset Value (NAV) of Islamic Equity Funds: Evidence from Pakistan

Ghauri, Shahid Mohammad Khan; Rashid, Abdul; Masood, Omar

doi:http://dx.doi.org/10.12785/JIFS/010102

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dc.contributor.author	Ghauri, Shahid Mohammad Khan
dc.contributor.author	Rashid, Abdul
dc.contributor.author	Masood, Omar
dc.date.accessioned	2018-07-19T06:16:30Z
dc.date.available	2018-07-19T06:16:30Z
dc.date.issued	2015-12-01
dc.identifier.issn	2469-259X
dc.identifier.uri	https://journal.uob.edu.bh:443/handle/123456789/338
dc.description.abstract	Islamic equity funds witnessed high growth in portfolio size, performance, regulations and general acceptability in Pakistan; however it faces issues like insufficient understanding, trends in long term investments, etc. This study aims to investigate the long-run relationship between the chosen macroeconomic factors and the Net Asset Value (NAV) of Islamic Equity funds. This study is based on Vector Auto Regression (VAR) model over the period of ten years from 2005 to 2014. A long-run relationship is found among chosen macroeconomic variables and NAV of Islamic funds in Pakistan capital market.	en_US
dc.language.iso	en	en_US
dc.publisher	University of Bahrain	en_US
dc.rights	Attribution-NonCommercial-ShareAlike 4.0 International	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-sa/4.0/	*
dc.subject	Islamic finance	en_US
dc.subject	Islamic equity funds	en_US
dc.subject	net asset value	en_US
dc.subject	VAR	en_US
dc.subject	Pakistan	en_US
dc.title	Relationship between Macroeconomic Variables and Net Asset Value (NAV) of Islamic Equity Funds: Evidence from Pakistan	en_US
dc.type	Article	en_US
dc.identifier.doi	http://dx.doi.org/10.12785/JIFS/010102
dc.volume	01
dc.issue	01
dc.source.title	Journal of Islamic Financial Studies
dc.abbreviatedsourcetitle	JIFS