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Criteria for determining the Shari'ah compliance of shares: a fiqhi analysis

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dc.contributor.authorShamsiah Mohamad
dc.contributor.authorFarrukh Habib
dc.contributor.authorKinan Salim
dc.contributor.authorMarjan Muhammad
dc.date.accessioned2021-10-26T08:12:17Z
dc.date.available2021-10-26T08:12:17Z
dc.date.issued2015
dc.description.abstractAs the Islamic finance industry continues to gain popularity in the financial sphere, the number of faithful investors who are interested in Shari'ah-compliant avenues for their investments also continues to increase. One of the most important of these is the equity market. However, it is evident in today's world that it is hard to find a joint stock company whose activities are completely compliant to Shari'ah principles and rulings. As a share of a company represents all the activities and underlying assets of the company, the Shari'ah noncompliance issue can emerge in the share. While the primary activities of a company are Shari'ah-compliant, its peripheral activities may be impermissible from the Shari'ah viewpoint. Meanwhile, the assets of the company can also be in the form of cash, debt, goods, usufruct or rights, which can raise the issue of trading ribawi (interest-based) items. Thus, the study addresses the issue of Shari'ah compliance and tradability of shares that represent a mixture of halal (permissible in Islamic law) and haram (impermissible in Islamic law) activities and assets.en_US
dc.identifier.citationMohamad, S., Muhammad, M., Habib, F., & Salim, K. (2015). Criteria for determining the Shai'ah compliance of shares: a fiqhi analysis. ISRA International Journal of Islamic Finance, 7(2), 171-179.en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3458
dc.languageEnglish
dc.language.isoengen_US
dc.publisherISRAen_US
dc.rights2015. ISRA
dc.sourceSEDONA
dc.subjectSharesen_US
dc.subjectShari'ah complianceen_US
dc.subjectSalesen_US
dc.subjectQualitative methodologyen_US
dc.titleCriteria for determining the Shari'ah compliance of shares: a fiqhi analysisen_US
dc.typeJournal Articleen_US
dlc.maintopicFiqh muamalaten_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicFiqh muamalaten_US
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