Creation of an Islamic stock index in West Africa

Mohamed Lamine Mbengue

Research in International Business and Finance, 2017, vol. 41, issue C, 105-108

Abstract: Islamic finance, which has become inescapable has entered into financial markets by offering solutions consistent with the precepts of the Shariah. The objective of this paper is to propose the creation of an Islamic stock index in West Africa. The choice of market values ​​requires extra financial and financial screening system. The results show that 10% of the securities in Nigeria Stock Exchange , the Regional Stock Exchange (Brvm) and the Ghana Stock Exchange (Gse) were selected to form the Islamic index " Ecowas Shariah index.

Keywords: Ecowas Shariah Index; Islamic screening; West Africa; Ghana stock Exchange; Nigeria stock exchange; Regional stock Exchange (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:41:y:2017:i:c:p:105-108

DOI: 10.1016/j.ribaf.2017.04.017

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