Special Report on
Why short-selling is Haram
Why short-selling is Haram - Trends
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Any activities concerning Muslims, including business activities and other pave ways of money generation, should be in accordance with the Islamic disciplines, rules and regulations. In one hand, Islam permits money-generating activities; while in the other, it sets certain regulations, which are apt for the betterment of Muslims and humanity in general. Together, both hands are capable of bringing about prosperity into this world, the Islamic way. Money managements involving usury and gambling; manufacturing and/or selling of forbidden products (for example, liquor, pork and pornography related materials); and engaging in ...
Islamic finance prohibits short selling as it flouts the ban on unjust enrichment by one party at the misery of others which may cause havoc to the entire economy system. The temporary ban imposed in the light of the recent financial crisis manifests the adoption of principle that Islamic finance advocates. Amid the financial crisis, the US stock market regulator SEC banned short selling on September 24, but it aims to lift this ban on Thursday, October 9. In Islamic Finance, however, ‘to go short’ will always be Haram. Traders at the Dubai Financial Market react to the turmoil ... Read More
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WHY SHORT-SELLING IS HARAM
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