Is Shariah-Compliant Investment Universally Sustainable? A Comparative Study
The current paper reports the outcome of investigating the sustainability and efficiency of Shariah–compliant investment from the global and cross-country perspectives. Our findings, thus far, suggest that global Shariah compliant sustainable shares performed slightly better than global sustainable shares in general, during 2006-2011, and Shariah compliant shares performed substantially better than global market during the same period.