Islamic Investment Funds: An Analysis of Risks and Returns

Florida International University Chapman Graduate School of Business Working Paper

15 Pages Posted: 3 Dec 2008

See all articles by Sanjoy Bose

Sanjoy Bose

Zayed University

Robert W. McGee

Fayetteville State University - Department of Accounting

Date Written: December 2, 2008

Abstract

Islamic finance has become an increasingly popular subject in recent years. Some Islamic investment vehicles have even become popular in the non-Islamic world, although the growth in their popularity has been dampened by lack of knowledge of their existence, their nature and their relative profitability. This paper presents an overview of the various kinds of Islamic investment funds and analyzes their relative profitability in an attempt to shed light on this potentially high-growth investment avenue. The paper begins by identifying the various classifications of Islamic funds and goes on to discuss the more popular fund structures, the role of regulatory boards and the performance history of various Islamic funds. The paper concludes with a discussion of the challenges facing Islamic funds and the opportunities that exist for those who understand what Islamic funds are all about.

Keywords: Islamic, funds, investment

JEL Classification: F3, G2, N25, O16, O53

Suggested Citation

Bose, Sanjoy and McGee, Robert W., Islamic Investment Funds: An Analysis of Risks and Returns (December 2, 2008). Florida International University Chapman Graduate School of Business Working Paper, Available at SSRN: https://ssrn.com/abstract=1310449 or http://dx.doi.org/10.2139/ssrn.1310449

Sanjoy Bose

Zayed University ( email )

P.O. Box 4783
Abu Dhabi
United Arab Emirates

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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