Shariah compliant stock exchange: steps required for transformation
Abstract
Islamization of economy is an important part of Islamic countries’ policy
nowadays. After emergence of Islamic financial institutions, the demand
and need for Islamization of whole economy has increased. Current
methodology for Islamization is to bring required changes in existing
economic and financial system.
This article discusses the required necessary steps for Islamization of a
very important institution of an economic system – stock exchange.
For Islamization of stock exchange six directly related steps are
important to begin with. Some other direcly and indirectly related
institutions may also be required to adopt these changes being part of
capital market.
Irshad Ahmad Ijaz. (2020) بازار حصص کو اسلامی تریقوں کے مطابق چلانے کے لیئےدرکار اقدامات, Journal of Islamic Civilization and Culture, Volume 3, Issue 1.
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