Special considerations for stock trading in the context of the Islamic finance model

Magomet Yandiev ()
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Magomet Yandiev: Department of Economics, Lomonosov Moscow State University

No 73, Working Papers from Moscow State University, Faculty of Economics

Abstract: The paper analyzes stock trading for identifying speculative and investment transactions in stock by the example of the Moscow Exchange. The analysis uses ticks of 15 issuers for two months of 2023. It is revealed that exchange dealings are predominantly speculative in nature and that stock market speculations do not comply with the Islamic finance rules. Solutions are proposed for bringing the trading mechanism into compliance with the principles of Sharia (the Islamic finance model).

Keywords: Islamic; finance; banking; speculation; stock exchange; number of transactions; stock (search for similar items in EconPapers)
JEL-codes: G1 G2 Y80 Z12 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2025-02
New Economics Papers: this item is included in nep-isf
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