Objective

This chapter is in the direction of showing how the complex of economic, institutional, social and political forces impinge upon stock market interrelationships to give rise to a new idea in stock market modelling. In such a model, although prediction becomes difficult and perturbed, yet explanatory power is increased. When taken up in the venue of a normative perspective comprising directions to investors to link money markets with the real sectors, reduce speculative outlets and thus stabilize capital market fluctuations, the model we come up with is a normative one for stock market interactions. It has extensive applied potential. To enable the modelling of extensive interactions in the stock market through the process of globalization, we will use the model of circular causation and continuity premised in unification epistemology. Our financial institution is thereby the stock market from Islamic perspectives.

Background Material

Quantitative Significance of the Circular Causation and Continuity Model of 
Unified Reality for the Stock Market

Social Well-Being Objective Criterion of the Islamic Stock Market in the 
Context of Circular Causation and Continuity Model of Unified Reality

Why the Need for a Simulation as Opposed to Maximization Nature of 
Islamic Objective Criterion?

The Learning Process of Stock Markets

The Model for the Stock Market in Islamic Perspectives

Empirical Evidence on Stock Market Uncertainties at KLSE: Why the Need for Avoiding Speculative Ventures?

Conclusion