The Long Term Comovement Between Sukuk And Conventional Fixed Income Markets

Sukuk markets have made significant progress both in terms of market volumes and international awareness recent years. These financial products are specially designed for investors who avoid interest gain. On the other hand, it is an ongoing issue literature whether these a useful alternative conventional fixed income as well. Our main purpose to explore sukuk investment investors' points view. Since integration assets one key criteria portfolio investments, this study investigated long-term comovements between fixed-income indexes via Johansen Engle-Granger cointegration technique. To proxy portfolio, bond which prepared by FTSE (Financial Times Stock Exchange Group) employed. Besides, vector error correction model also applied deepen results. According findings, there limited causality long run markets. This can make highly beneficial diversification portfolios. The aims contribute examining benefits conventional, wide-range