What question did this study set out to answer?

This research aims to optimize Sharia-compliant investment portfolios while respecting Islamic financial principles.

Performance Sharia-Compliant Portfolio Based on Frank-Wolfe Optimization in the Indonesian Capital Market

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Randomized trial optimizes portfolio weights in Islamic finance, suggesting effective investment strategies.

This research aims to optimize Sharia-compliant investment portfolios while respecting Islamic financial principles.
Utilized the Frank-Wolfe optimization model for portfolio weight allocation.
Analyzed 4 stock types from the Jakarta Islamic Index (JII) from 2020 to 2025.
Compared portfolio returns at different risk aversion levels against the composite stock index in Indonesia.
Achieved optimal weight allocation for various risk aversion levels while adhering to Sharia principles.
Demonstrated enhanced portfolio returns compared to the composite stock index under specific conditions.

Maruddani et al. (2026) studied this question.

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