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Credit in the Structure of the Market Quotation of Financial Assets in Relation to the Islamic Financial LawMagomet YandievMoscow State University - Economic Department Renat BekkinMoscow State University - Institute of International Relations, Mardjani Foundation September 17, 2011 Abstract: The authors analyze the structure of the market quotation of financial assets and come to the conclusion that one of its components is a financial asset identical with a commercial credit. Hence, in terms of the Islamic financial system any financial asset is inappropriate for investment because its quotation contains elements of danism. The authors demonstrate a new approach to the structure of the Islamic infrastructure of exchange trading by financial assets, which would allow excluding elements unacceptable from the point of view of Sharia
Number of Pages in PDF File: 11 Keywords: Islamic finance, Islamic banking, Riba, Gharar, Maisir JEL Classification: G12, G14, F29, F30, E44 working papers seriesDate posted: September 18, 2011Suggested CitationContact Information
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