Principles of Islamic Capital Market
This article aims at reviewing the basic concepts and principles of Islamic Capital Market (ICM). Hence, issues related to the ICM such as its components, norms and ethics of transaction, Sukuk structuring, stock selection criteria, regulatory and legal framework and challenges facing ICM were discussed. The method adopted is essentially literature review, as such the chapter is conceptual in nature. It was concluded that the ICM is rapidly growing and there is a huge potentials waiting to be exploited in the market. Finally, it was recommended that the ICM of the countries that adopted the Islamic finance should be enhanced by developing innovative products strictly in conformity with the provisions of Shari’ah.
Volume (Year): 3 (2013)
Issue (Month): 4 (October)
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References listed on IDEAS
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- Azhar Abdul Rahman, 2010. "Islamic norms for stock screening," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 3(3), pages 228-240, August.
- Ulrich Derigs, 2008. "Review and analysis of current Shariah-compliant equity screening practices," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 1(4), pages 285-303, November.
- Andreas Jobst, 2008.
"Islamic bond issuance: what sovereign debt managers need to know,"
International Journal of Islamic and Middle Eastern Finance and Management,
Emerald Group Publishing, vol. 1(4), pages 330-344, November.
- Amadou N Sy & Peter J Kunzel & Paul S. Mills & Andreas Jobst, 2008. "Islamic Bond Issuance; What Sovereign Debt Managers Need to Know," IMF Policy Discussion Papers 08/3, International Monetary Fund.
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