Resolutions-of-Islamic-Fiqh-Council-1

4. It facilitates the knowledge of standard prices of shares, bondsand commodities as well as their fluctuation in transactionthrough the movement of supply and demand.B) Its harmful and negative aspects are in the following:1. Most of the credit contracts, which are concluded in the stockmarket are not real sale and purchase, as actual possessiondoes not take place between the two sides of contract, whilethe possession by both or one of the sides is compulsory in theIslamic Shari’ah.2. The seller in the stock market in most cases sells currencynotes,shares, bonds or commodities, which he does not own,in the hope that he will buy them from the market and deliverthem in time without possessing the price at the time ofcontract, as it is a condition in the sale of Selam.3. The buyer in the stock market mostly sells what he has boughtfor another person before its possession, and the other personalso sells it to another person before its possession and in thisway sale and purchase of the same thing continue before itspossession, until the deal reaches the last buyer who may wantto receive the sold thing from the first seller, who might havesold what he did not own or may settle with him on thedifference of price at the time of execution that is the day ofsettlement, whereas the role of buyers and sellers other thanthe first and last is confined to receiving the difference ofprice in case of profit or paying it in case of loss at thementioned date, as it happens exactly between gamblers.4. Rich businessmen monopolize the shares, bonds andcommodities in the market in order to control the sellers, whosell what they do not possess, hoping to buy them before the168