Stock Markets in Islamic Countries

An Inquiry into Volatility, Efficiency and Integration

  • Shaista Arshad

Part of the Palgrave CIBFR Studies in Islamic Finance book series (PCSIF)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Shaista Arshad
    Pages 1-6
  3. Shaista Arshad
    Pages 7-13
  4. Shaista Arshad
    Pages 31-62
  5. Shaista Arshad
    Pages 63-84
  6. Shaista Arshad
    Pages 85-118
  7. Shaista Arshad
    Pages 119-123
  8. Back Matter
    Pages 125-127

About this book


“It is an excellent read book and provides readers with some truly interesting insights into the dynamics of OIC markets. A comprehensive and rigorous study. Highly recommended for both academics and professionals.”

– Dr Syed Aun R. Rizvi, (Lahore University of Management Sciences,) Pakistan

“This book is timely and much needed to understand the stock market behaviour in the Islamic countries. This will supplement the available resources to exploit the knowledge of Islamic finance in the area of stock markets efficiency, integration and volatility. A well written content study, useful for both academics and practitioners.”

– Dr Nafis Alam, (University of Nottingham,) Malaysia

This book explores the volatility, efficiency and integration of stock markets in Islamic countries. It presents recent trends, growth and performance, before moving on to explore how patterns change during different business cycles for short-term and long-term investors, and ranks the efficiency of the various markets. It addresses how the level of market integration has been affected during different economic periods, and concludes by summarising the performance of the stock markets, suggesting potential future directions for these markets.

Dr Shaista Arshad is an Assistant Professor at the Nottingham University Business School in Malaysia. Her research interests lie in macroeconomics, capital markets and Islamic finance in which she has published several papers. 


Oil Stock Markets Financial volatility Financial performance Financial efficiency Pakistan

Authors and affiliations

  • Shaista Arshad
    • 1
  1. 1.University of Nottingham Malaysia CampusSemenyihMalaysia

Bibliographic information