Islamic short-selling can develop market: bourse
Thursday, April 16, 2009 : PermalinkReuters – 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.
Tags: capital markets, criticised, expediency, market liquidity, religious principles, reuters, sharia capital, stock exchange
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