IIUM Repository

Islamic and conventional behavioural finance: A critical analysis

Musse, Osman Sayid Hassan and Echchabi, Abdelghani and Abd. Aziz, Hassanuddeen (2015) Islamic and conventional behavioural finance: A critical analysis. Journal of King Abdul Aziz University: Islamic Economics ( JKAU ), 28 (2). pp. 237-251. ISSN 7383-1018

[img] PDF - Published Version
Restricted to Repository staff only

Download (284kB) | Request a copy


The purpose of this study is to critically analyze existing literature on behavioral finance and to draw conclusions and recommendations for future studies in this area. The study is based on a critical review of the literature of Islamic and conventional behavioral finance. The findings reveal that investors are affected by psychological and social factors toward their financial decision-making process with respect to investment and choosing a particular financial product. The paper concludes that Islamic behavioral finance is a relatively new and efforts are needed to advance work in this area compared with the more advanced conventional behavioral finance. Behavioral issues are, however, gaining considerable attention from a broad spectrum of investors, especially those in the Muslim world.

Item Type: Article (Journal)
Additional Information: 270/49437
Uncontrolled Keywords: Finance, Psychology, Behavioral Finance, Islamic Finance.
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Professor Hassanuddeen Abd Aziz
Date Deposited: 03 Jan 2018 17:29
Last Modified: 03 Jan 2018 17:29
URI: http://irep.iium.edu.my/id/eprint/49437

Actions (login required)

View Item View Item


Downloads per month over past year