04-10-2007, 05:43 PM
I think there is a decree from Jamai Al Azhar that dealing in stock exchange is not unislamic as it involves both the risk and rewards. In view of the above, the first question which comes to my mind is that what is unislamic about the stock exchanges operating in Pakistan?
I think the only aspect which we have to see is the financing of the transactions undertaken on these stock exchanges. This aspect could be debated to bring it inline with the Islamic teachings.
I think the only aspect which we have to see is the financing of the transactions undertaken on these stock exchanges. This aspect could be debated to bring it inline with the Islamic teachings.
