Speculation in the stock market from the Islamic perspective (Ph.D. Thesis)

The Islamic System of Economics may provide practical solutions to existing world economic problems and serve as a viable alternative to the present economic system. This thesis analyzes the use of speculative transactions within stock markets in Islamic countries, and the increasing amount of attempts at short-term stock market gains as opposed to longer term more responsible investments. Do the moral and ethical teachings of Islam allow for Muslims to engage in such business transactions? This thesis evaluates the prospects for establishing an alternative stock market that does not function upon purely speculative transactions.