Islamic Finance – Islamic Capital Market - ICMs and adherence to Shari'ah rules
The ability of any financial system to mobilise funds in a way that is affordable, quick, and accessible for issuers and investors depends heavily on the capital market. Matching people with capital with those who possess the essential managerial and entrepreneurial skills and talents is the goal of the market. Islam has long supported investment activities because it holds the view that both those with money and those without it gain from them. Without this exchange, assets would sit idle, skills and abilities would be wasted, new wealth and stock would stop being created, and unemployment, a burden on society, would surely follow. The main issue for Muslim investors is how closely the market's goods and services—such as stocks, bonds, mutual funds, forwards, futures, and swaps—adhere to Shari'ah guidelines.
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