Market manipulation and the role of Hisbah
Other Title(s)
التلاعب في الأسواق المالية و نظام الحسبة
Author
al-Jalud, Sad Bin Ali Bin Turki
Source
Issue
Vol. 13, Issue 5 (31 May. 2020), pp.3462-3505, 44 p.
Publisher
Qassim University College of Sharia and Islamic Studies
Publication Date
2020-05-31
Country of Publication
Saudi Arabia
No. of Pages
44
Main Subjects
Abstract EN
This article examines the Market Manipulation and the role of Hisbah from an Islamic perspective.
I begin with a snapshot of financial markets and the meaning of manipulation.
Understanding more about how jurisprudence was designed to adapt to existing Islamic Sharīʿah laws and institutions will help clarify some of the unique features in Shari’ah principle concerning financial markets.
I will discuss the Islamic ḥisbahحسبة) ) developed in Muslim societies and how it benefits from International law.
Hisbah system means ‘accountability’ or a duty to ‘enjoin good and forbid wrong’.
The institution of ḥisbah system, once revived, came to represent a semi-governmental agency that takes charge of different aspects of market regulations, especially those that do not fall under the macro-policies.
Finally, I will discuss whether principles of market manipulation, supplemented in Shari’ah principle, have attained their purpose and provide some recommendation.
American Psychological Association (APA)
al-Jalud, Sad Bin Ali Bin Turki. 2020. Market manipulation and the role of Hisbah. Journal of Islamic Sciences،Vol. 13, no. 5, pp.3462-3505.
https://search.emarefa.net/detail/BIM-1319552
Modern Language Association (MLA)
al-Jalud, Sad Bin Ali Bin Turki. Market manipulation and the role of Hisbah. Journal of Islamic Sciences Vol. 13, no. 5 (May. 2020), pp.3462-3505.
https://search.emarefa.net/detail/BIM-1319552
American Medical Association (AMA)
al-Jalud, Sad Bin Ali Bin Turki. Market manipulation and the role of Hisbah. Journal of Islamic Sciences. 2020. Vol. 13, no. 5, pp.3462-3505.
https://search.emarefa.net/detail/BIM-1319552
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1319552