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Islamic Investment in Stocks

  • Mohd Ma’Sum Billah
Chapter

Abstract

There are many responsibilities specific to Muslims, one of which is the management of wealth. Through instruments or products in the financial markets, Muslims may manage their wealth in a Shari’ah-compliant way. Such business transactions are allowed in Islam as long as the foundations of these dealings do not contradict the Shari’ah and if those transactions are free from prohibited elements such as Riba (interest), Maisir (gambling) or Gharar (uncertainty).

References

  1. Reilly & Norton (n.d.), Investment, p. 3.Google Scholar
  2. Houston, B. (n.d.), Fundamentals of Financial Management, p. 177.Google Scholar
  3. Imran, M. (n.d.), Meezanbank’s Guide to Islamic Banking, pp. 107–108.Google Scholar
  4. Securities Commision, April 2004.Google Scholar
  5. Yaquby, N. (n.d.), “4th Harvard Islamic Finance Forum, Harvard University”.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Finance, Insurance FinTech and Investment Islamic Economics InstituteKing Abdulaziz UniversityJeddahSaudi Arabia

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