IMPACT OF DERIVATIVES USER ON FIRMS’ PERFORMANCE OF SHARI’AH COMPLIANT FIRMS

The study examined the impact of derivatives usage on performance Shari'ah-compliant firms in Malaysia. employed a Generalised Method-of-Moment estimator (System-GMM) set panel data from 2012 to 2017. A paired sample t-test for mean difference and Wilcoxon Signed-ranks test was performed examine between users non-users derivatives. provided strong evidence significant Moreover, observed better among derivative than non-derivative users. findings enriched current Islamic financial market literature contributed understanding hedging activities Shari’ah-compliant firms. offered new risk management using market.