Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource DOES COVID-19 AFFECT SHARIAH COMPLIANT STOCK? EVIDENCE FROM SELECTED OIC COUNTRIES Subject The topic of the resource Co-integration; Covid-19 cases; Islamic stock market; OIC countries; VECM Description An account of the resource This study aims to examine the movements of Islamic stock markets in ten selected OIC (Organization of Islamic Cooperation) countries in relation to Covid-19 cases, providing a comprehensive analysis of market behavior during the pandemic. The countries-Saudi Arabia, Pakistan, Bangladesh, Turkey, Indonesia, Oman, Qatar, UAE, Kuwait, and Bahrain-were chosen based on their large Muslim populations. Data was collected over a one-year period from January 1, 2020, to January 31, 2021, analyzing the relationship between Covid-19 cases and Islamic stock market indices. The study employed co-integration tests to identify long-term relationships and the Vector Error Correction Model (VECM) to explore short-run dynamics. The co-integration test results show a significant long-run relationship between Covid-19 cases and Islamic stock markets in most of the selected OIC countries. Specifically, the Shariah indices in Pakistan, Bangladesh, Turkey, Qatar, UAE, Kuwait, and Bahrain have a positive and significant relationship with Covid-19 cases. Conversely, Saudi Arabia, Indonesia, and Oman exhibit a negative long-term relationship with Covid-19 cases, suggesting a different market response. These results suggest that countries with diversified economies, particularly those relying on natural resources such as oil and agriculture, were more resilient during the pandemic. This study provides novel insights into the unique responses of Islamic stock markets in OIC countries during the pandemic, highlighting regional differences in market behavior and recovery. It suggests that despite the global economic downturn, OIC countries present attractive investment opportunities, particularly due to their swift recovery and resource-based economies, offering a robust portfolio for investors during crises. 2024 by the author(s). Creator An entity primarily responsible for making the resource Shaikh Z.H.; Irfan M.; Nomran N.M.; Abey J. Source A related resource from which the described resource is derived Jurnal Ilmiah Ilmu Terapan Universitas Jambi, Vol-8, No. 2, pp. 720-731. Publisher An entity responsible for making the resource available Jambi University Date A point or period of time associated with an event in the lifecycle of the resource 2024-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.22437/jiituj.v8i2.33159" target="_blank" rel="noreferrer noopener">https://doi.org/10.22437/jiituj.v8i2.33159</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85209810357&amp;doi=10.22437%2Fjiituj.v8i2.33159&amp;partnerID=40&amp;md5=baccaeb892afc75bbf4a1229d908fefc" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85209810357&amp;doi=10.22437%2fjiituj.v8i2.33159&amp;partnerID=40&amp;md5=baccaeb892afc75bbf4a1229d908fefc</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 25802240 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Shaikh Z.H., Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain; Irfan M., School of Business and management, Christ University, Bengaluru, India; Nomran N.M., Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain; Abey J., Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain