31.03.2009 - Malaysia bourse plans sharia shortselling platform

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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