Islamic Finance Society invited Mr. Mohammad Farrukh Raza (Chairman, AAOIFI's Governance & Ethics Board) and Mr. Ammar Habib Khan (Chief Risk Officer, Karandaaz Pakistan) to share valuable insights on short selling and market manipulation from the perspective of Islamic Finance. The process of short selling and its effects were discussed with practical example of GameStop's shares.

The respected speakers emphasized upon the prohibition of Qimar and Maysir which leads to one's benefit at the expense of another's loss. The session was moderated by our patron Dr. Irum Saba and was attended by 100+ participants, both from Pakistan and abroad.

The speakers also discussed current situation of Pakistan's stock market and future of Islamic Finance globally.

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