The Islamic Shariah Principles for Investment in Stock Market

Md. Mahmudul Alam (), Chowdhury Shahed Akbar, Shawon Muhammad Shahriar and Mohammad Monzur-E-Elahi

No b7j4e, SocArXiv from Center for Open Science

Abstract: Due to chronic financial crises experienced during last several decades repeatedly and a failure to protect investors‟ rights as a result, the world is looking for an alternative form of stock market for quite some time so that interests of all relevant stakeholders can be safeguarded. At the same time, from the perspectives of devout Muslims, the current form of stock market restricts a Muslim to make investments in the market due to unsatisfying several provisions from the Islamic law, known as shariah. This study provides the criteria under which conditions the Islamic shariah permits making investments in the stock market. Hand in hand with that primary discussion, it has been eluded briefly why the Islamic shariah principles offer a better alternative against conventional practices of the stock market.

Date: 2019-06-14
New Economics Papers: this item is included in nep-hme, nep-isf and nep-sea
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Journal Article: The IslamicShariahprinciples for investment in stock market (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:b7j4e

DOI: 10.31219/osf.io/b7j4e

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