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Purification of Sharīʿah: Compliant Stocks: Problems and Solutions التطهير المالي للأسهم المتوافقة مع الشريعة: إشكالات وحلول

Author

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  • Abdelhalim Ammar Gherbi

    (Department of Banking College of Economics and Administrative Sciences Al-Imam Muhammad Ibn Saud Islamic University Riyadh, Saudi Arabia)

Abstract

There is no doubt that the phenomenon of investment and trading in shares of mixed companies is one of the most important contemporary issues which inspired the attention of a large segment of individuals who have raised many fiqh and financial questions. Researchers have worked hard in the field of fiqh and Islamic finance in developing solutions to these questions through purification processes in order to make it a Sharīʿah-compliant investment. However, there are still many problems related to cleansing which make the practices in this area subject to continuous improvement. This study aims to present an important aspect relating to the financial sector, i.e., purifying the equity market for it to be Sharīʿah-compliant. تُعدُّ ظاهرة الاستثمار والمتاجرة في أسهم الشركات المختلطة واحدة من أهم القضايا المعاصرة التي أثارت اهتمام شريحة واسعة من الأفراد الذين طرحوا حولها تساؤلات فقهية ومالية عديدة. لقد اجتهد الباحثون في مجال الفقه والتمويل الإسلامي في وضع حلول لهذه التساؤلات، من خلال عمليات التطهير المالي؛ حتى يكون الاستثمار متوافقًا مع الشريعة. ومع ذلك؛ لا تزال هناك العديد من الإشكالات الشرعية والمالية المتعلِّقة بالتطهير؛ الأمر الذي يجعل من الممارسات المتّبعة في هذا المجال تخضع للتحسين المستمر. تأتي هذه الدراسة لتقديم جانب مهم من جوانب التجديد في القطاع المالي وهو سوق الأسهم الإسلامية؛ من خلال ثلاثة محاور هي: الإشكالات والحلول المرتبطة بقياس التطهير المالي ومنهجيته وآلياته.

Suggested Citation

  • Abdelhalim Ammar Gherbi, 2016. "Purification of Sharīʿah: Compliant Stocks: Problems and Solutions التطهير المالي للأسهم المتوافقة مع الشريعة: إشكالات وحلول," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(3), pages 57-101, October.
    • Handle: RePEc:abd:kauiea:v:29:y:2016:i:3:no:3:p:57-101
    DOI: 10.4197/Islec.29-3.3
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    References listed on IDEAS

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    1. Mohammed Obaidullah, 2005. "The Islamic Financial Services الخدمات المالية الإسلامية," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 40, July.
    2. Abdelbari El Khamlichi & Aurélie Sannajust & Humaylin Kabir Sarkar, 2014. "Islamic Equity Indices: Insight and Comparison with Conventional Counterparts," Bankers, Markets & Investors, ESKA Publishing, issue 130, pages 69-80, May-June.
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