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Volume :24 Issue : 78 2009      Add To Cart                                                                    Download

Delayed Sale in Kuwait Stock Market

Auther : Dr. Nayef Mohamed Hajjaj Al-AI’jmi

Delayed Sale in Kuwait Stock Market

 

 

Dr. Nayef Mohamed Hajjaj Al-AI’jmi

Teacher in the Division of Fiqh and its basics in the faculty of Shari’ah and Islamic studies

 University of Kuwait

 

 

The research deals with delayed (Ajal) sale in  Kuwait stock market, it is a contract that lots of people deal in.

The research starts with definition of delayed sale and shows its kinds and forms, defining stages of its execution  and differences between it and similar financial contracts in the stock market.

The research shows benefits of this kind of sale and its particular advantages. It also shows its risks and negative effects if it is used for different purposes other than of what it is intended to.

After showing the roots of this kind of sale the writer shows the Fiqh adaptation to this type of sale and shows potential kinds of exposition and makes a comparison between them to choose the better one. After the comparison the researcher shows the Shari’ah judgement on this kind of sale pointing out supporting evidences and focusing on the research conditions of being permissible to which the researcher reaches a  conclusion.

In the last topic, accompanied dealings to this sale were shown. It dealt with the judgement of specifying a certain price to terminate the contract and the investor’s option on termination of the contract and omitting profits of the next period in case of urgency in repayment and the way of calculating profit margin and rights of shares at the time of affectivity of the contract.

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Nov 04, 2019

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