Sharī‘ah Analysis of Modes of Financing Used in Stock Market Trading
Abstract
Stock exchange is an important institution of capital market on any economy. Past two decades of Islamization of financial system created a demand for providing conducive financial ecosystem for Islamic financial system. Financial deepening is priority of any economy and providing Islamic alternatives to financing share trading will be a good step towards broadening the scope of Islamic financial services to capital market. This paper discusses Islamic alternatives of financing of share trading in stock market both from banking system and brokerage houses. It also suggests possible modes of financing that can be used as a flexible alternatives of conventional products.
Mufti Irshad Ahmad Aijaz. (2019) بازارِ حصص میں ہونے والے سودوں كے لیے فائنانسنگ (تمویل) لینے کے مروجہ طریقۂ کار اور ان کا شرعی نقطۂ نظر سے جائزہ, AFKĀR (Journal of Islamic & Religious Studies) , Volume 3, Issue 2.
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