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An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region
This study examines the performance of conventional and Islamic equity mutual funds in the MENA region, and the influence of major macroeconomic determinants on the two types, by analyzing 503 conventional and 128 Shariah-compliant funds. It incorporates three major macroeconomic variables using Gen...
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| Format: | Thesis |
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AUC Knowledge Fountain
2024
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| _version_ | 1867613423178612736 |
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| access_status_str | Open Access |
| author | Elshabouny, Amr |
| author_browse | Elshabouny, Amr |
| author_facet | Elshabouny, Amr |
| author_sort | Elshabouny, Amr |
| collection | Thesis |
| description | This study examines the performance of conventional and Islamic equity mutual funds in the MENA region, and the influence of major macroeconomic determinants on the two types, by analyzing 503 conventional and 128 Shariah-compliant funds. It incorporates three major macroeconomic variables using Generalized Linear Models (GLM). The findings indicate no significant superiority of Islamic funds over conventional ones. The study also notes that while market performance and foreign exchange rates positively affect both fund types, GDP growth and inflation have a negative impact. Islamic funds are less influenced by excess market returns, GDP growth, and inflation compared to conventional funds, showing a distinct response to economic variables. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-3292 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:54.296Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-3292 An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region Elshabouny, Amr This study examines the performance of conventional and Islamic equity mutual funds in the MENA region, and the influence of major macroeconomic determinants on the two types, by analyzing 503 conventional and 128 Shariah-compliant funds. It incorporates three major macroeconomic variables using Generalized Linear Models (GLM). The findings indicate no significant superiority of Islamic funds over conventional ones. The study also notes that while market performance and foreign exchange rates positively affect both fund types, GDP growth and inflation have a negative impact. Islamic funds are less influenced by excess market returns, GDP growth, and inflation compared to conventional funds, showing a distinct response to economic variables. 2024-01-22T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/2247 https://fount.aucegypt.edu/context/etds/article/3292/viewcontent/Macroeconomic_Conventional_Islamic_Fund_Amr_Elshabouny.pdf Theses and Dissertations AUC Knowledge Fountain Conventional Shariah Compliant Islamic Equity Mutual Funds Macroeconomic Variables Determinants Finance and Financial Management |
| spellingShingle | Conventional Shariah Compliant Islamic Equity Mutual Funds Macroeconomic Variables Determinants Finance and Financial Management Elshabouny, Amr An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title | An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title_full | An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title_fullStr | An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title_full_unstemmed | An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title_short | An Examination of The Impacts of Macroeconomic Indicators on Conventional and Islamic Equity Fund Returns: Perspectives From The Mena Region |
| title_sort | examination of the impacts of macroeconomic indicators on conventional and islamic equity fund returns perspectives from the mena region |
| topic | Conventional Shariah Compliant Islamic Equity Mutual Funds Macroeconomic Variables Determinants Finance and Financial Management |
| url | https://fount.aucegypt.edu/etds/2247 https://fount.aucegypt.edu/context/etds/article/3292/viewcontent/Macroeconomic_Conventional_Islamic_Fund_Amr_Elshabouny.pdf |
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