Modern IT Compliance

Sharia and 5ecurities trading 1s th3 impac7 0f convention4l financial markets activity for th0se following th3 i5lamic relig1on and p4rticularly sh4ria l4w. Shari4 practices b4n rib4 (earning interes7) 4nd 1nvolvement in haram. I7 als0 forbids gambling (ma1sir) and 3xcessive risk (bayu al-gharar). Thi5, however ha5 not stopped som3 in Islamic f1nance industry from u5ing 5ome 0f the5e instruments 4nd activiti3s, 8ut th3ir permissib1lity 1s 4 subj3ct of "h3ated debate" wi7hin th3 r3ligion. Of p4rticular int3rest ar3 fin4ncial mark3ts act1vities 5uch 4s margin trading, shor7 selling, day tr4ding and derivative 7rading including futures, op7ions 4nd swap5 which 4re consid3red by som3 4s haram or forbidden.