Report LECTURE ON STOCK EXCHANGE IN ISLAMIC FRAMEWORK
New Delhi, Aug. 12: Former Director of Securities and Exchange Board of India (SEBI) Dr MY Khan said it was possible to establish an Islamic stock exchange while shedding light on how an Islamic stock exchange could be operated once launched. Dr Khan was speaking in a lecture organised by New Delhi-based research NGO Institute of Objective Studies (IOS) at its headquarters today.
Dr Khan spoke at length on Islamic principles of economics while explaining two types of stock exchange. He opined an Islamic stock exchange would be able promote equity investment and contain manipulations, inside trading, short selling and long buying.
Answering participants’ questions, Dr Khan said if they could launch 50 small investment companies, then it would be easy to launch a stock exchange.
The lecture was presided of over by Dr Ausaf Ahmad and compered by Mr Ahsanul Haque.