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dc.contributor.authorNaughton, Anthony
dc.date.accessioned2017-05-03T13:44:27Z
dc.date.available2017-05-03T13:44:27Z
dc.date.issued2000
dc.date.modified2010-07-26T06:51:48Z
dc.identifier.issn01674544
dc.identifier.doi10.1023/A:1006161616855
dc.identifier.urihttp://hdl.handle.net/10072/3434
dc.description.abstractIslamic banking, based on the prohibition of interest, is well established throughout the Muslim world. Attention has now turned towards applying Islamic principles in equity markets. The search for alternatives to Western style markets has been given added impetus in Muslim countries by the turmoil in Asian financial markets in 1997. Common stocks are a legitimate form of instrument in Islam, but many of the practices associated with stock trading are not. In this paper the instruments traded and the structure and practices of stock markets are examined from an Islamic perspective. Speculation is not acceptable in Islam and measures would have to be taken to control speculative trading. In addition short selling and margin trading are severely restricted. The use of stock index and equity futures and options are also unlikely to be acceptable within an Islamic market. Regulatory authorities in Muslim countries will therefore find a vast array of problems in attempting to structure a trading system that will be acceptable.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherKluwer Academic Publishers
dc.publisher.placeNetherlands
dc.relation.ispartofpagefrom145
dc.relation.ispartofpageto159
dc.relation.ispartofjournalJournal of Business Ethics
dc.relation.ispartofvolume23
dc.subject.fieldofresearchBusiness and Management
dc.subject.fieldofresearchMarketing
dc.subject.fieldofresearchApplied Ethics
dc.subject.fieldofresearchcode1503
dc.subject.fieldofresearchcode1505
dc.subject.fieldofresearchcode2201
dc.titleReligion, Ethics and stock trading: The case of an islamic equities market
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Health, School of Applied Psychology
gro.date.issued2000
gro.hasfulltextNo Full Text
gro.griffith.authorNaughton, Anthony JS.
gro.griffith.authorNaughton, Shahnaz


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