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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Market Moves more

Malaysia bourse plans sharia shortselling platform

Posted on 31 March 2009

From Reuters: Malaysia’s stock exchange plans to launch a platform to facilitate regulated Islamic short-selling and hedge fund activities towards the end of the year, the bourse’s head said on Monday.

Short-selling — the sale of borrowed stock with a view to buying it back more cheaply later — is controversial among Islamic scholar, as some believe that sharia does not permit selling what one does not own…..Full Article: Source

 
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