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Special considerations for stock trading in the context of the Islamic finance model

Author

Listed:
  • Yandiev Magomet

    (Department of Economics, Lomonosov Moscow State University)

Abstract

The paper analyzes stock trading for identifying speculative and investment transactions in stock by the example of the Moscow Exchange. The analysis uses ticks of 15 issuers for two months of 2023. It is revealed that exchange dealings are predominantly speculative in nature and that stock market speculations do not comply with the Islamic finance rules. Solutions are proposed for bringing the trading mechanism into compliance with the principles of Sharia (the Islamic finance model).

Suggested Citation

  • Yandiev Magomet, 2025. "Special considerations for stock trading in the context of the Islamic finance model," Working Papers 0072, Moscow State University, Faculty of Economics.
    • Handle: RePEc:upa:wpaper:0073
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    File URL: https://www.econ.msu.ru/sys/raw.php?o=122422&p=attachment
    File Function: First version, 2025
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    More about this item

    Keywords

    Islamic; finance; banking; speculation; stock exchange; number of transactions; stock;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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