Template-Type: ReDIF-Article 1.0 
Author-Name: Hashim JUSOH
Author-Name:  AbdelKader Ouatik EL ALAOUI
Author-Name:  Amina DCHIECHE
Author-Name:  Ahmad Faizol ISMAIL
Author-Name:  Rosalan ALI
Author-Email:  abdelkader.elalaoui@uir.ac.ma
Author-Workplace-Name:  Research Institute for Islamic Products and Malay Civilization (INSPIRE)
Title: Relationship Between Bitcoin and Islamic Stock Indices During the COVID-19 Pandemic and the Russia-Ukraine Crisis
Abstract:  We analyze the relationship between Bitcoin and major regional Islamic stock indices during two major events: COVID-19 and the Russia-Ukraine war. The multi-horizon analysis provide evidence of low correlation between Bitcoin’s inter-temporal returns and Islamic indices returns during periods before extreme events. However, there is limited potential for diversification in the long run as their correlations increase significantly. During shocks, Bitcoin cannot be a safe haven for Islamic markets.
Classification-JEL:  C22 ,C58 ,E44 ,G01 ,G15
Keywords:  Cryptocurrency, Islamic stock indices, Bitcoin, Wavelet, Covid-19 and Russia-Ukraine war, Shock
Journal:  Asian Economics Letters
Pages: 1-8
Volume: 4
Issue: 3
Year:  2024
DOI:  2024/07/01
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/74862-relationship-between-bitcoin-and-islamic-stock-indices-during-the-covid-19-pandemic-and-the-russia-ukraine-crisis.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:107