Vattikoti K Author

Review Article Subscription

The Role of Islamic Capital Market in the Economic Growth and Development of Global Economy – A Select Study

Author(s):

 Vattikoti K and Razak A

Raising the fund and activities of investment in the Islamic Capital Market abides to Islamic principles and laws known as “Shariah”. The Islamic religious law Shariah states that the market should be free from activities that are prohibited in Islam such as gambling, usury and ambiguity. The money transactions in the market are carried out in a way that should not lead to any conflicts with the ethics of Muslims faith. Islamic capital market plays a vital role in the economic growth and development of the country. The Islamic capital market functions as a similar and equivalent market to the conventional capital market. This plays an important and balancing role in the Islamic banking system in expanding and deepening the Islamic financial markets in Islamic world as well a... view more»

DOI: 10.4172/2324-9129.1000107

Abstract HTML PDF