IJSRP, Volume 5, Issue 11, November 2015 Edition [ISSN 2250-3153]
Nurul Izla Abu Bakar, S Sagaran
Malaysia played a central role in popularizing Shariah financial system and since then it has played an important role in the development of the economy. But the current focus is on compliance to tenets and it is expected that being compliant also means returns are based on fundamentals rather than speculative. Therefore, the purpose of this paper is to examine whether Shariah based stocks in KLSE have any predictability elements that affects its efficiency.