Trading of Shares via Salam Contract: An Exploratory Study

Silmi Radzi

2019

Abstract

In 2018, it was reported that Islamic capital market (ICM) leads the Islamic finance industry growth with Sukuk grew by CAGR of 9% and Islamic funds grew by CAGR of 16%. Due to the rapid growth of ICM in Muslim countries, there is a need for more innovative products and services to meet the necessity of both investors and players. In correspondence to that, there have been debates on whether share can be traded using Salam contract in the secondary market. Using qualitative and quantitative method, this paper examines the applicability of shares to be traded using Salam contract from Shariah perspective. It is apparent that Salam in blue-chip shares could be a boon for a more innovative products in Islamic capital market.

Paper Citation

in Harvard Style

Radzi S. (2019). Trading of Shares via Salam Contract: An Exploratory Study. In Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF, ISBN 978-989-758-473-2, pages 193-201. DOI: 10.5220/0010120000002898

in Bibtex Style

@conference{7th aicif19,
author={Silmi Radzi},
title={Trading of Shares via Salam Contract: An Exploratory Study},
booktitle={Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,},
year={2019},
pages={193-201},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010120000002898},
isbn={978-989-758-473-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 7th ASEAN Universities International Conference on Islamic Finance - Volume 1: 7th AICIF,
TI - Trading of Shares via Salam Contract: An Exploratory Study
SN - 978-989-758-473-2
AU - Radzi S.
PY - 2019
SP - 193
EP - 201
DO - 10.5220/0010120000002898