Islamic stocks, conventional stock market, or cryptocurrencies? Looking for a Safe Haven during Covid-19

Benbekhti Seyf Eddine, Hadjer Boulila and Mohamed Benbouziane ()
Additional contact information
Benbekhti Seyf Eddine: Université Aboubekr Belkaid - University of Belkaïd Abou Bekr [Tlemcen]

Post-Print from HAL

Abstract: This paper investigates the safe haven potential of Islamic stocks within the context of the London stock market, alongside other prominent hedging assets, namely gold, Brent crude, and Bitcoin, using the M-DCC GARCH model. The study finds that Islamic finance no longer demonstrates robust safe haven characteristics but instead serves as a diversifier during periods of market stability. In contrast, gold exhibits notable hedging properties both prior to the COVID-19 pandemic and during market turmoil, outperforming all assets except Bitcoin

Keywords: Islamic stocks safe haven M-DCC GARCH model covid-19. JEL Classification Codes: G11 G15 G17 G21 Islamic stocks conventional stock market or cryptocurrencies? Looking; Islamic stocks; safe haven; M-DCC GARCH model; covid-19. JEL Classification Codes: G11; G15; G17; G21 Islamic stocks; conventional stock market; or cryptocurrencies? Looking (search for similar items in EconPapers)
Date: 2023-11-30
New Economics Papers: this item is included in nep-isf and nep-rmg
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04521347
References: Add references at CitEc
Citations:

Published in International Journal of Economic Performance - المجلة الدولية للأداء الاقتصادي, 2023, 06 (02)

Downloads: (external link)
https://shs.hal.science/halshs-04521347/document (application/pdf)

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:hal:journl:halshs-04521347

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().