@article{article_281413, title={COMPARATIVE ANALYSIS OF KEY PERFORMANCE INDICATORS OF ISLAMIC INDEX}, journal={Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi}, volume={38}, pages={273–291}, year={2016}, DOI={10.14780/muiibd.281413}, url={https://izlik.org/JA57DX52TN}, author={Sarılı, Selin and Çakmur Yıldırtan, Z. Dina}, keywords={Islamic indices,CAPM,Sharpe,Treynor,Jensen}, abstract={<p>Islamic index in general is the stock exchange index that includes stocks traded in the national and </p> <p>international market, the companies operating in accordance with Islamic law. First in 1990, it was </p> <p>introduced in the US Wall Street Stock Exchange. Islamic indices have a great importance to be able to </p> <p>measure the stock performance of companies operating in accordance with Islamic principles. In this </p> <p>study Standard and Poor’s, Dow Jones, Morgan Stanley, and the Financial Times Stock Exchange Islamic </p> <p>Indices have been included in the study on a monthly frequency and to compare the performance beta </p> <p>values are estimated by creating the index single index model. In the study using the Capital Asset </p> <p>Pricing Models (CAPM), expected return for indices were estimated. In addition, to compare portfolio </p> <p>performance Sharpe Ratio, Treynor Ratio, Jensen Performance Ratio is calculated. </p>}, number={2}