Equity markets (where stocks are traded) are crucial to any economy because they provide capital to companies. An equity market is a market in which shares of companies are issued and traded, either through exchanges or over-the-counter markets. Also known as the stock market, it is one of the most vital areas of a market economy. The equity market is where stocks are traded.

Compare and contrast between Shariah and Non-Shariah-Compliant Equity Markets.

[25 marks]