Bursa Malaysia define Islamic stock broking services as 'the business of trading in securities carried out by an Islamic participating organisation on the stock market of Bursa securities, whether on full-fledged basis or via an Islamic window services'. In other words, Islamic stock broking is an alternative trading mechanism for investors to invest in shares and securities based on Islamic principles. For further details see: Islamic Equity Market, Securities Commission Malaysia.
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|Is It Allowed for a Company to Assign an Agent to Buy Shares of the Company on Its Behalf and Then Sell Them to Himself?|