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Ayatollah Makarem: Stock Exchange must be in line with Islamic principles

Ayatollah Makarem Shirazi in his meeting with the Fiqh and Economic Committee of Tehran Stock Exchange raised the importance of the principles of the Islamic Economy.

He stated: “Our country is an Islamic Republic where the Islamic principles are the core values. Therefore, our economic establishment must be in line with our Islamic rulings. If we do not propose answers and solutions to the questions of this age, some might assume the that Islamic principles are insufficient and incomplete for our time. Even though it holds the answer to all our needs.”

He stressed on the fact that many of the economic theories that come from the West are not compatible with the Islamic principles and also said that the complete implementation of Islamic banking will lead to economic growth and prosperity.

The establishment of the Fiqh and Economic Committee of Tehran stock exchange was hailed by Ayatollah Makarem, who hoped for economic prosperity and advancement in the Islamic Republic.

 

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