Overview of the Organization of Islamic Cooperation

Shaista Arshad
Additional contact information
Shaista Arshad: University of Nottingham Malaysia Campus

Chapter 3 in Stock Markets in Islamic Countries, 2017, pp 15-29 from Palgrave Macmillan

Abstract: Abstract The chapter provides a detailed description of the Organization of Islamic Cooperation (OIC) and its stock markets. As the second largest regional bloc, the OIC is home to several rapidly emerging markets and natural resources-rich countries. Despite this, out of the 57 member countries, only 33 have an active stock exchange. In these, there are significantly lower domestic companies listed as compared to other developing and emerging markets. Less liquid markets bring about an increased volatility, and an increased volatility is reflective of both shallowness and a lack of integration with global markets, indicating the main problem with OIC stock markets.

Keywords: Stock market; Economic development (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pcichp:978-3-319-47803-6_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319478036

DOI: 10.1007/978-3-319-47803-6_3

Access Statistics for this chapter

More chapters in Palgrave CIBFR Studies in Islamic Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().