The role of financial engineering in revitalizing and developing Islamic stock markets–Study case of Khartoum Stock Exchange-

Abstract

we want to present a theoretical background and a practical case on the financial securities markets and the Financial Engineering products which are traded there and which are based on the principles of Islamic Sharia, on the other hand we will present a background on this market - the financial securities markets of Khartoum- and define the Financial Engineering products which are launched there for the exchanges and the important challenges that face it and try to recognize the impact of these exchanges on market activities. We have come to the end of this study that it is essential that the financial securities market is based on the principles of Islamic Sharia and must contain developed and innovative financial products, so we must find a practical and effective outcome that can to be beneficial for all, it must be economically efficient and have credibility with sharia law, and this through the unification of fatwas and their mandatory aspect.