{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,9,30]],"date-time":"2025-09-30T00:12:45Z","timestamp":1759191165105,"version":"3.44.0"},"reference-count":26,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2023,7,20]],"date-time":"2023-07-20T00:00:00Z","timestamp":1689811200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"},{"start":{"date-parts":[[2023,7,20]],"date-time":"2023-07-20T00:00:00Z","timestamp":1689811200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Ann Oper Res"],"published-print":{"date-parts":[[2025,10]]},"DOI":"10.1007\/s10479-023-05503-2","type":"journal-article","created":{"date-parts":[[2023,7,20]],"date-time":"2023-07-20T13:02:10Z","timestamp":1689858130000},"page":"401-417","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["Reexamining the oil price & islamic finance relationship: a multicriteria time series analysis"],"prefix":"10.1007","volume":"353","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-3655-8391","authenticated-orcid":false,"given":"Fredj","family":"Jawadi","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Abdoul karim Idi","family":"Cheffou","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Nabila","family":"Jawadi","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"297","published-online":{"date-parts":[[2023,7,20]]},"reference":[{"issue":"3","key":"5503_CR1","doi-asserted-by":"publisher","first-page":"227","DOI":"10.1016\/j.eneco.2016.07.023","volume":"59","author":"H Aghababa","year":"2016","unstructured":"Aghababa, H., & Barnett, W. A. (2016). Dynamic structure of the spot price of crude oil: Does time aggregation matter? Energy Economics., 59(3), 227\u2013237.","journal-title":"Energy Economics."},{"issue":"24","key":"5503_CR2","doi-asserted-by":"publisher","first-page":"3412","DOI":"10.1080\/00036846.2012.707776","volume":"45","author":"ME Arouri","year":"2013","unstructured":"Arouri, M. E., Ben Ameur, H., Jawadi, N., Jawadi, F., & Louhichi, W. (2013). Are Islamic finance innovations enough for investors to escape from a financial downturn? Further evidence from portfolio simulations. Applied Economics, 45(24), 3412\u20133420. https:\/\/doi.org\/10.1080\/00036846.2012.707776","journal-title":"Applied Economics"},{"issue":"4","key":"5503_CR3","first-page":"1","volume":"43","author":"NF Azad","year":"2023","unstructured":"Azad, N. F., & Serletis, S. (2023). Oil price shocks in major emerging economies. The Energy Journal Forthcoming., 43(4), 1\u20137.","journal-title":"The Energy Journal Forthcoming."},{"key":"5503_CR4","doi-asserted-by":"publisher","DOI":"10.1007\/978-1-4615-1495-4","volume-title":"Multiple criteria decision analysis: An integrated approach","author":"V Belton","year":"2002","unstructured":"Belton, V., & Stewart, T. (2002). Multiple criteria decision analysis: An integrated approach. Kluwer Academic Publishers."},{"issue":"April","key":"5503_CR5","doi-asserted-by":"publisher","first-page":"294","DOI":"10.1016\/j.jebo.2022.01.026","volume":"196","author":"D Bourghelle","year":"2022","unstructured":"Bourghelle, D., Jawadi, F., & Rozin, P. (2022). Do collective emotions drive bitcoin volatility? A triple-regime switching vector approach. Journal of Economic Behavior and Organization, 196(April), 294\u2013306. https:\/\/doi.org\/10.1016\/j.jebo.2022.01.026","journal-title":"Journal of Economic Behavior and Organization"},{"issue":"12","key":"5503_CR7","doi-asserted-by":"publisher","first-page":"1","DOI":"10.3390\/en13123106","volume":"13","author":"J Esmaeil","year":"2020","unstructured":"Esmaeil, J., Rjoub, H., & Wong, W.-K. (2020). Do oil price shocks and other factors create bigger impacts on Islamic banks than conventional banks? Energies, 13(12), 1\u201316. https:\/\/doi.org\/10.3390\/en13123106","journal-title":"Energies"},{"issue":"3","key":"5503_CR8","doi-asserted-by":"publisher","first-page":"197","DOI":"10.1016\/j.bir.2018.07.005","volume":"19","author":"K Gazdar","year":"2019","unstructured":"Gazdar, K., Hassan, M. K., Safa, M. F., & Grassa, R. (2019). Oil price volatility, Islamic financial development and economic growth in Gulf Cooperation Council (GCC) countries. Borsa Istanbul Review, 19(3), 197\u2013206. https:\/\/doi.org\/10.1016\/j.bir.2018.07.005","journal-title":"Borsa Istanbul Review"},{"key":"5503_CR9","doi-asserted-by":"crossref","unstructured":"Greco, S., Ehrgott, M., Figueira J.R., (2016). Multiple criteria decision analysis: State of the art surveys. Springer.","DOI":"10.1007\/978-1-4939-3094-4"},{"issue":"2","key":"5503_CR10","doi-asserted-by":"publisher","first-page":"228","DOI":"10.1086\/261140","volume":"91","author":"JD Hamilton","year":"1983","unstructured":"Hamilton, J. D. (1983). Oil and the macroeconomy since world war II. Journal of Political Economy, 91(2), 228\u2013248. https:\/\/doi.org\/10.1086\/261140","journal-title":"Journal of Political Economy"},{"issue":"2","key":"5503_CR11","first-page":"113","volume":"41","author":"SE Hidayat","year":"2020","unstructured":"Hidayat, S. E., & Sakti, M. R. P. (2020). Oil prices and Islamic banks performance in the OIC countries: Evidence from the dynamic GMM approaches. Journal of Economic Cooperation and Development, 41(2), 113\u2013140.","journal-title":"Journal of Economic Cooperation and Development"},{"key":"5503_CR12","doi-asserted-by":"publisher","first-page":"1","DOI":"10.5547\/01956574.44.1.fjaw","volume":"44","author":"F Jawadi","year":"2023","unstructured":"Jawadi, F. (2023). Analyzing commodity prices in the context of COVID-19, high inflation, and the ukrainian war: An interview with james hamilton. The Energy Journal Forthcoming., 44, 1.","journal-title":"The Energy Journal Forthcoming."},{"issue":"60","key":"5503_CR14","doi-asserted-by":"publisher","first-page":"6944","DOI":"10.1080\/00036846.2021.1954595","volume":"53","author":"F Jawadi","year":"2021","unstructured":"Jawadi, F., Idi Cheffou, A., Jawadi, N., & Ben Ameur, H. (2021). Conventional and Islamic stock market liquidity and volatility during COVID 19. Applied Economics, 53(60), 6944\u20136963. https:\/\/doi.org\/10.1080\/00036846.2021.1954595","journal-title":"Applied Economics"},{"issue":"42","key":"5503_CR15","doi-asserted-by":"publisher","first-page":"4874","DOI":"10.1080\/00036846.2022.2038366","volume":"54","author":"F Jawadi","year":"2022","unstructured":"Jawadi, F., Jawadi, N., & Idi Cheffou, A. (2022). The COVID-19 pandemic and ethical stock markets: Further evidence of moral shock. Applied Economics, 54(42), 4874\u20134885. https:\/\/doi.org\/10.1080\/00036846.2022.2038366","journal-title":"Applied Economics"},{"key":"5503_CR16","doi-asserted-by":"publisher","first-page":"73","DOI":"10.1016\/j.inteco.2013.11.002","volume":"137","author":"F Jawadi","year":"2014","unstructured":"Jawadi, F., Jawadi, N., & Louhichi, W. (2014). Conventional and Islamic stock price performance: An empirical investigation. International Economics, 137, 73\u201387. https:\/\/doi.org\/10.1016\/j.inteco.2013.11.002","journal-title":"International Economics"},{"issue":"01","key":"5503_CR17","doi-asserted-by":"publisher","first-page":"554","DOI":"10.5547\/01956574.40.SI2.fjaw","volume":"40","author":"F Jawadi","year":"2019","unstructured":"Jawadi, F., Louhichi, W., Ben Hameur, H., & Ftiti, Z. (2019). Do jumps and co-jumps improve volatility forecasting of oil and currency markets? The Energy Journal, 40(01), 554. https:\/\/doi.org\/10.5547\/01956574.40.SI2.fjaw","journal-title":"The Energy Journal"},{"key":"5503_CR18","doi-asserted-by":"publisher","first-page":"1","DOI":"10.3389\/fenrg.2022.962017","volume":"10","author":"AB Khan","year":"2022","unstructured":"Khan, A. B., Sharif, A., Islam, M. S. U., Ali, A., Fareed, M., & Zulfaqar, M. (2022). Impact of oil prices on the Islamic and conventional stock indexes\u2019 performance in Malaysia during the COVID-19 pandemic: Fresh evidence from the wavelet-based approach. Frontiers in Energy Research, 10, 1\u201310. https:\/\/doi.org\/10.3389\/fenrg.2022.962017","journal-title":"Frontiers in Energy Research"},{"key":"5503_CR19","doi-asserted-by":"publisher","first-page":"1","DOI":"10.51200\/ljms.v6i.2965","volume":"6","author":"MY MohdHussin","year":"2012","unstructured":"MohdHussin, M. Y., Fidlizan, M., Kamaruzaman, N., NurFakhzan, M., & Azila, A. R. (2012). The impact of oil price shocks on Islamic financial market in Malaysia. Labuan e-Journal of Muamalat and Society, 6, 1\u201313.","journal-title":"Labuan e-Journal of Muamalat and Society"},{"issue":"3","key":"5503_CR20","doi-asserted-by":"publisher","first-page":"312","DOI":"10.1002\/rfe.1158","volume":"40","author":"N Naifar","year":"2022","unstructured":"Naifar, N., Tiwari, A. K., & Alhashim, M. (2022). How COVID-19 pandemic, global risk factors, and oil prices affect Islamic bonds (Sukuk) prices? New insights from time-frequency analysis. Review of Financial Economics, 40(3), 312\u2013331. https:\/\/doi.org\/10.1002\/rfe.1158","journal-title":"Review of Financial Economics"},{"issue":"5","key":"5503_CR21","doi-asserted-by":"publisher","first-page":"2587","DOI":"10.1016\/j.eneco.2008.04.003","volume":"30","author":"J Park","year":"2008","unstructured":"Park, J., & Ratti, R. A. (2008). Oil price shocks and stock markets in the US and 13 European countries. Energy Economics, 30(5), 2587\u20132608. https:\/\/doi.org\/10.1016\/j.eneco.2008.04.003","journal-title":"Energy Economics"},{"issue":"1","key":"5503_CR22","doi-asserted-by":"publisher","first-page":"17","DOI":"10.1016\/S0165-1765(97)00214-0","volume":"58","author":"HH Pesaran","year":"1998","unstructured":"Pesaran, H. H., & Shin, Y. (1998). Generalized impulse response analysis in linear multivariate models. Economics Letters, 58(1), 17\u201329. https:\/\/doi.org\/10.1016\/S0165-1765(97)00214-0","journal-title":"Economics Letters"},{"issue":"3","key":"5503_CR23","doi-asserted-by":"publisher","first-page":"289","DOI":"10.1002\/jae.616","volume":"16","author":"MH Pesaran","year":"2001","unstructured":"Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289\u2013326. https:\/\/doi.org\/10.1002\/jae.616","journal-title":"Journal of Applied Econometrics"},{"issue":"1","key":"5503_CR24","first-page":"3","volume":"20","author":"B Roy","year":"1978","unstructured":"Roy, B. (1978). ELECTRE III: Un algorithme de classement fond\u00e9 sur une repr\u00e9sentation floue des pr\u00e9f\u00e9rences en pr\u00e9sence de crit\u00e9res multiples. Cahiers Du Centre D\u2019etudes De Recherche Op\u00e9rationnelle, 20(1), 3\u201324.","journal-title":"Cahiers Du Centre D\u2019etudes De Recherche Op\u00e9rationnelle"},{"issue":"1\u20132","key":"5503_CR25","doi-asserted-by":"publisher","first-page":"69","DOI":"10.1007\/s40070-013-0004-7","volume":"1","author":"B Roy","year":"2013","unstructured":"Roy, B., & S\u0142owinski, R. (2013). Questions guiding the choice of a Multicriteria decision aiding method. EURO Journal on Decision Processes, 1(1\u20132), 69\u201397.","journal-title":"EURO Journal on Decision Processes"},{"issue":"5","key":"5503_CR26","doi-asserted-by":"publisher","first-page":"449","DOI":"10.1016\/S0140-9883(99)00020-1","volume":"21","author":"P Sadorsky","year":"1999","unstructured":"Sadorsky, P. (1999). Oil price shocks and stock market activity. Energy Economics, 21(5), 449\u2013469. https:\/\/doi.org\/10.1016\/S0140-9883(99)00020-1","journal-title":"Energy Economics"},{"key":"5503_CR27","doi-asserted-by":"publisher","DOI":"10.1142\/8407","volume-title":"Oil Price Uncertainty","author":"A Serletis","year":"2012","unstructured":"Serletis, A. (2012). Oil Price Uncertainty. World Scientific. https:\/\/doi.org\/10.1142\/8407"},{"issue":"3","key":"5503_CR29","doi-asserted-by":"publisher","first-page":"496","DOI":"10.1016\/S0377-2217(02)00774-9","volume":"150","author":"R Steuer","year":"2003","unstructured":"Steuer, R., & Na, P. (2003). Multiple criteria decision making combined with finance: A categorized bibliographic study. European Journal of Operational Research, 150(3), 496\u2013515.","journal-title":"European Journal of Operational Research"}],"container-title":["Annals of Operations Research"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-023-05503-2.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/article\/10.1007\/s10479-023-05503-2\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-023-05503-2.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,9,29]],"date-time":"2025-09-29T15:10:29Z","timestamp":1759158629000},"score":1,"resource":{"primary":{"URL":"https:\/\/link.springer.com\/10.1007\/s10479-023-05503-2"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2023,7,20]]},"references-count":26,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2025,10]]}},"alternative-id":["5503"],"URL":"https:\/\/doi.org\/10.1007\/s10479-023-05503-2","relation":{},"ISSN":["0254-5330","1572-9338"],"issn-type":[{"type":"print","value":"0254-5330"},{"type":"electronic","value":"1572-9338"}],"subject":[],"published":{"date-parts":[[2023,7,20]]},"assertion":[{"value":"29 June 2023","order":1,"name":"accepted","label":"Accepted","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"20 July 2023","order":2,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}},{"order":1,"name":"Ethics","group":{"name":"EthicsHeading","label":"Declarations"}},{"value":"The authors declare no conflict of interest.","order":2,"name":"Ethics","group":{"name":"EthicsHeading","label":"Conflict of interest"}},{"value":"This article does not contain any studies with human participants performed by any of the authors.","order":3,"name":"Ethics","group":{"name":"EthicsHeading","label":"Human and\/or animals rights"}},{"value":"Informed consent was obtained from all individual participants included in the study.","order":4,"name":"Ethics","group":{"name":"EthicsHeading","label":"Informed consent"}}]}}