Main function is to facilitate transfer of investable funds from those having surplus to those requiring funds. Achieved by selling of securities (Bonds/Sukuk and Shares)
Primary and Secondary Markets
Islamic Financial Instruments must comply with the following:
- Prohibition of Riba (Interest)
-Avoidance of Gharar (Ambiguity) in agreements
-Prohibition of Maisir (Gambling)
- No involvement in production , distribution in prohibited commodities.