What is it about?
Zeynelabidin Hayat main objective of this research is to perform a critical analytical study of the controls established by the stock standard issued by the Shariah Board of the Participation Banks Association of Turkey (TKBB), which comprises the conditions for the permissibility of trading the stocks of mixed companies.
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Why is it important?
We have found that the stock standard of TKBB made some additions regarding the conditions for permissibility of trading the stock of mixed companies and the percentages of prohibited transactions that are allowed in these companies. On the other hand, it appears that the conditions set by the standard contain some points that may be grounds for observation and criticism, e.g., a failure to calculate the rate of inflation from riba, a lack of differentiation among some forbidden transactions, and an absence of any clarification of what is forbidden in relation to forward exchange contracts.
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This page is a summary of: حكم تداول أسهم الشركات المختلطة في ضوء معيار الأسهم الصادر عن الهيئة الشرعية لاتحاد البنوك التشاركية التركية, Journal of College of Sharia & Islamic Studies, December 2022, Qatar University, DOI: 10.29117/jcsis.2023.0350.
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