Regulation of investment transactions in Islamic law

Author:

Shovkhalov S. A.1ORCID,Abdulmuslimov M. R.2ORCID

Affiliation:

1. Chechen State Pedagogical University (Grozny); Siberian Federal University (Krasnoyarsk)

2. Halal Standard Committee of the Chechen Republic

Abstract

The purpose of this article is to outline the basic rules of Islamic law in the matter of regulating investment transactions in order to facilitate the development of investment activity of Muslims in accordance with Islamic law. The key prohibitions in the stock market and the criteria for the selection of shares of companies that undergo Shariah analysis are formulated, and based on this, some of the joint stock companies are listed, for which the Islamic law allows to trade shares.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference29 articles.

1. Accounting and Auditing Organization for Islamic Financial Institutions (2010). Sukuk. Shariah standard No. 17. Moscow: Islamskaya Kniga. (In Russian).

2. Accounting and Auditing Organization for Islamic Financial Institutions (2017). Shariah standards. Moscow: Islamskaya Kniga. (In Russian).

3. Avilova V. V., Ulmaskulov T. F. (2016). On the question of the possibility of using Sukuk securities as a source of financing for projects in the petrochemical industry. Vestnik Ekonomiki, Prava i Sociologii, No. 1, pp. 7—10. (In Russian).

4. Azaryan V. K. (2014). Sukuk: World experience in securities issuance. Segodnya i Zavtra Rossijskoj Ekonomiki, No. 67—68, pp. 73—77. (In Russian).

5. Anikeeva O. P. (2016). Social investments: Theory and practice of implementation by domestic and foreign companies. Simvol Nauki, No. 5-1, pp. 23—31. (In Russian).

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