Document Details

Document Type : Article In Journal 
Document Title :
The Stock-Exchange from an Islamic Perspective
سوق الأسهم في إطار إسلامي
 
Subject : Articles  
Document Language : English 
Abstract : The normative rules governing exchange in an Islamic stock market are discussed and the free enterprise capitals model of stock market is evaluated from the Islamic and economic points of view. Exchange of financial claims is found more vulnerable to hazard and to lack of information both contrary to Islamic rules of exchange. The efficien3 criteria of capitalist stock markets are critically examined in the light of the theories of P. Cootner, P-A. Samuelson and J.M. Keynes. The dominance of speculath’e motives (vs. that of real investment) and the nature of interaction among professional” and ‘non-professional” market players, deprive the capitalist stock market of internal stabilizers and undermine its efficiency. Efficiency in the financial market cannot be ensured by leaving it free and ungoverned. It is necessary to reinforce Islamic rules. Some regulatory measures are indicated. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 8 
Issue Number : 1 
Publishing Year : 1416 AH
1996 AD 
Number Of Pages : 19 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
سيف الدين إبراهيم تاج الدينSEIF I. TAGEL-DINResearcher  

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