The operation of the modern financial markets for stocks and bonds and its relevance to an Islamic economy

Primary and secondary markets for stocks and bonds have particular structures, natures, and methods and details of operation. One notable issue is the Islamic permissibility, and its limits, of the use of options, warrants, and rights within the securities market of a modern economy. Each type of security has its own nature, scope, and risks and returns to the issuer and investor. Some Islamic law is pertinent to trade and investment. This study may provide some suggestions for interested parties.