TOWARDS AN ISLAMIC STOCK MARKET

Mohamed Ali El Gar
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Mohamed Ali El Gar: Associate Professor in the Department of Economics, Postal: King Abdulaziz University,, Jeddah, Kingdom of Saudi Arabia.

Islamic Economic Studies, 1993, vol. 01-1, 1-20

Abstract: This paper examines the functioning of the stock market from an Islamic perspective, and the need of an Islamic economy for capital markets and stock exchange with a view to assessing their roles in the Islamic economy. The basic questions of gambling, risk and options, all in relation to the operation of a stock exchange, are discussed to examine their permissibility from the shari'ah point of view.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ris:isecst:0127

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