Islamic stock market versus conventional: Are Islamic investing a ‘Safe Haven’ for investors? A systematic literature review
Focusing on the comparison of Islamic Stock Market (ISM) and Conventional counterparts, this paper tries to answer to the following questions: “Are Islamic indexes a ‘Safe Haven’ for investors?”, and “Does Islamic equity investment provide diversification benefits to Conventional investors?”. Performing a systematic literature review on a sample of articles published in academic journals from 2009 to 2019, we show a lack of consensus on the answers.