All of the following statements are FALSE, in some way or other. For each statement, provide a brief explanation WHY the statement is false. As a guide, a maximum of two sentences is expected for each statement. 4. All Shari'ah scholars concur that trading of shares is equivalent to gambling. 5. Short-selling can be a very profitable trading strategy when prices are increasing rapidly. 6. High brokerage and transaction fees are examples of the speculation-friendly market mechanisms in stock markets. 7. The counterparty or default risk is significantly higher with futures contracts as compared to the forward contract