Template-Type: ReDIF-Article 1.0 
Author-Name: Ishaq Mustapha Akinlaso
Author-Name:  Abdessamad Raghibi
Author-Name:  Abdul-Baaqi Adebisi Jempeji
Author-Email:  phd.ammin@gmail.com
Author-Workplace-Name:  TAJBank Limited, Abuja
Title: Do Asian Islamic Equities Offer Diversification Benefits in Cryptocurrency Portfolio in Times of Increased Uncertainty?
Abstract:  This study explores whether Islamic equities offer portfolio diversification benefits to cryptocurrency investors. It employs the Continuous Wavelet Transform model to examine the nature of coherence between major cryptocurrency asset classes and major Asian Islamic equity markets on different investment horizons. We consider a range of Islamic equity indices for multiple countries and a basket of three prominent cryptocurrencies: Bitcoin, Ethereum and Ripple. Findings suggest that Asian Islamic equities offer portfolio diversification opportunities. Our findings also imply that Asian Islamic equities are not efficient and are prone to short-term speculative activities.
Classification-JEL:  G01 ,G17
Keywords:  Islamic equities index, Portfolio diversification, Wavelets, Bitcoin, Ethereum, Asia
Journal:  Asian Economics Letters
Pages: 1-8
Volume: 4
Issue: 4
Year:  2024
DOI:  2024/07/08
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/74922-do-asian-islamic-equities-offer-diversification-benefits-in-cryptocurrency-portfolio-in-times-of-increased-uncertainty.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:111