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. 2020 Sep 19;28:100403. doi: 10.1016/j.jbef.2020.100403

Table 1.

Comparative regional returns.

Benchmark Shariah Conventional Variance
% % %
S&P Global BMI −17.2 −22.3 5.1
DJIM World −16.6 −22.0 5.4
S&P500 −16.9 −16.6 2.7
DJIM Asia −14.3 −19.8 5.5
DJIM Europe −16.8 −24.8 8
DJIM developed markets −16.7 −21.6 5
DJIM emerging markets −15.9 −24.4 8.5
S&P Pan Arab composite −20.6 −23.4 2.5

Source: S&P Dow Jones Indices LLC-Index performance based on the total return in USD. Islamic World (IW); Islamic Euro (IE); Islamic Asia Pacific (IAP); Islamic Developed countries (ID); Islamic Emerging markets (IEM); Islamic United States (IUS); Islamic United Kingdom (IUK); Islamic Oil and Gas (IOG); Islamic Technology (IT); Islamic Healthcare (IHC); Islamic Consumer Goods (ICG); Islamic Consumer Services (ICS).