Credit in the Structure of the Market Quotation of Financial Assets in Relation to the Islamic Financial Laws
The authors analyze the structure of the market quotation of financial assets and come to the conclusion that one of its components is a financial asset identical with a commercial credit. Hence, in terms of the Islamic financial system any financial asset is inappropriate for investment because its quotation contains elements of danism. The authors demonstrate a new approach to the structure of the Islamic infrastructure of exchange trading by financial assets, which would allow excluding elements unacceptable from the point of view of Sharia.
|Date of creation:||Dec 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.econ.msu.ru/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:upa:wpaper:0008. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexandr Rakviashvili)
If references are entirely missing, you can add them using this form.