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Islamic short-selling can develop market: bourse

Reuters – Islamic short-selling would help develop sharia capital markets, Malaysia’s stock exchange chief said on Thursday, defending plans for a controversial platform it hopes will improve market liquidity.

Some sharia scholars frown on short-selling, saying it amounts to selling what one does not own. Malaysia wants to allow regulated Islamic short-selling, a move criticised as sacrificing religious principles for market expediency.

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