ISLAMIC FINANCIAL MARKETS (CHALLENGES AND DIFFICULTIES)

Abstract

This research aims to introduce the Islamic stock market by explaining its concept, importance and legitimacy. This research also deals with the difficulties and challenges related to the Islamic stock market. I also clarified the most important problems facing the Islamic stock market.

One of the most important findings of the research is that there are many challenges that the Islamic financial market faces, and the Islamic financial markets lack innovative and legitimately legalized Islamic products, and are also considered one of the most important means that allow investment money to be pumped, absorbed and operated in order to achieve economic development.

Among the most important recommendations reached by the research is the need to work on updating laws related to securities and Islamic finance formulas to ensure better communication channels between the banking environment and Islamic financial markets, and the need to work on establishing an Islamic financial market in Jordan that guarantees the freedom of banking, investment and economic legislation from the point of view of the provisions Islamic Sharia, and the need to work on creating legitimate bodies aimed at supervising Sharia and auditing the work of Islamic banks and Islamic institutions in Islamic financial markets.

General framework for research.