Document Details

Document Type : Article In Journal 
Document Title :
Benefits of Brokers’ Loans: An Islamic Law Prespective
أحكام منافع قروض شركات الوساطة المالية
 
Subject : Loans 
Document Language : Arabic 
Abstract : The paper presents different forms of Margin Trading (MT) provided by brokers in financial markets. Building upon the previous research in this area, the paper focuses on studying MT, from Islamic law prospective, using loan benefit analysis approach, which is more suitable for examining the cases when brokers do not charge explicit interest and trading commissions. The paper concludes that extra benefits of the loans, provided by brokers to traders, go exclusively or mostly to brokers, which make MT unlawful. The paper also discusses the cases of MT that has been permitted by some researchers based on the propositions that financing MT can be independent of the broker or trading commission can be set at the fair price. The paper notices that these cases are unfeasible in the profit-motivated broker industry, and therefore, do not alter the main finding of the paper. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 22 
Issue Number : 1 
Publishing Year : 1430 AH
2009 AD 
Article Type : Article 
Added Date : Saturday, November 6, 2010 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
محمد إبراهيم السحيبانيAl-Suhaibani, Mohammad IbrahimResearcherDoctoratemohisuh@yahoo.com
عبدالله محمد العمرانيAl-Omrani, Abdullah MohammadResearcherDoctoratew123w4@gawab.com

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