Shariah-Compliant Finance turning to short-selling
On April 17, 2009 · In Islamic Economics, Islamic Finance, Malaysia, Sharia Compliant, Sharia Products
First it was bonds (sukuk) and now Shariah-Compliant Finance is also set to adopt another financial instrument which shariah authorities had considered prohibited for years: short-selling.
Is there a pattern here? The way this keeps happening, it certainly tends to reinforce the notion that Shariah-Compliant Finance exists only to spread Islam and Shariah and not to see to it that pious Muslims invest according to allah’s will…
http://www.thedailynewsegypt.com/article.aspx?ArticleID=21171
Categories
Archives