البيع على المكشوف و تطبيقاته في تداول الأسهم في السوق السعودية : دراسة فقهية تأصيلية

الملخص EN

Research subject: short-selling and its applications on the Saudi Arabia stock exchange.

Fiqhi authentication study research objectives : - clarifying the short-selling and its applications on the Saudi Arabia stock exchange.

- alternatives to short-selling research methodology : analytical descriptive.

the most important findings.

there is a distinction between naked short-selling – the selling of stocks that the person “does not own” or without first obtaining approval for borrowing them – and the regular short-selling where an investor sells stocks borrowed from its owner and return them back later after a certain time – covered shorting.

regular short-selling is a combined contract of sale and loan transactions, where the loan is set against a certain dividends to the borrower to be paid to the broker.

there is a number of alternatives to short-selling such as: put options and inverse exchange-traded funds.