Studying Islamic Finance

السلام والازدهار العدالة المجتمعي
You are visiting a blog associated with an online noncredit course studying the topic of Islamic Finance, moderated by John Wiley Spiers. Feel free to participate in our discussion, and if you are interested in taking the course visit http://www.johnspiers.com/Islamic_Finance/Welcome.html

Sunday, June 23, 2013

Japan Day Trading

It seems day-trading has returned to Japan, which today promises fantastics returns.
The 34-year-old day trader first sold 50,000 shares at 558 yen ($5.70), then three more lots at 1-yen intervals as the stock dropped. He got out $2,500 richer, repeated the trade, and seconds later had $1,000 more. Within minutes of the market opening, the former water-purifier salesman had made more than the average Japanese person earns in a month.
The problem is this is a result of capitalism with its "no logical limits."  Tt will end badly, since love of money is the root of all evil.  But it takes revelation to warn people away from destructive behavior.  Perhaps Japan should consider Shariah-compliant finance before it is too late.

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