Fiqh Issues in Short Selling as Implemented in the Islamic Capital Market in Malaysia

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
2008
Country
Saudi Arabia
Language
English
Abstract

Although short selling instruments violate the general Islamic rule of ‘do not sell what you do not own’, they have been legalazied by the Shari’ah Advisory Council (SAC) of Malaysian Securities Commission to be used in Islamic Capital Market in Malaysia. In this paper authors aim to study fiqh issues related to the short selling instruments. In particular, the authors will discuss in details three main issues, namely the issue of bay’ ma’dum (selling what the seller does not own), the eligibility of stock as object of a loan contract and benefiting from the loan contract.

English
ISSN/ISBN
1018-7383
No. of Pages
63-78 pp.
Number
2
Volume
21
Select type of work
CIS Program Old
CIS publications
No
CIS Thesis
No