IDEAS home Printed from https://ideas.repec.org/a/eme/jfcpps/13590791211220412.html
   My bibliography  Save this article

Insider dealing: fraud in Islam?

Author

Listed:
  • Siti Faridah Abdul Jabbar

Abstract

Purpose - The purpose of this paper is to examine whether insider dealing is fraud from the perspective of Islam. Design/methodology/approach - The paper uses analogy (qiyas) of the injunctions in the Qur'an and Sunnah and critical analysis of literature on Islam. Findings - The paper finds that insider dealing is fraud (taghrir) in Islam and the defrauded party has the option to rescind the transaction for fraud (khiyar al‐tadlis) as well as for latent defect (khiyar al‐‘aib). Practical implications - The paper is practical as a source of reference in legislating laws relating to insider dealing particularly whereShari'ahis the principal source of law. Originality/value - The paper presents a novel attempt in establishing that insider dealing is fraud from the perspective of Islam.

Suggested Citation

  • Siti Faridah Abdul Jabbar, 2012. "Insider dealing: fraud in Islam?," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 19(2), pages 140-148, May.
    • Handle: RePEc:eme:jfcpps:13590791211220412
    DOI: 10.1108/13590791211220412
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/13590791211220412/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/13590791211220412/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/13590791211220412?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jfcpps:13590791211220412. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.