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In order to risk measurement, they applied five criteria of the difference of the sales proposed price, bankruptcy risk, systematic risk, unsystematic risk and the sum of risk.
There are no reasons why an investor should receive a better or worse return from investing into an Islamic fund which is a function of systematic risk, unsystematic risk and capability of the fund manager," he said.
Griepentrog 1988, Systematic Risk, Unsystematic Risk, and Property-Liability Rate Regulation, Journal of Risk and Insurance, 55: 606-27.

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