Explanation and analysis of the organizational-executive structure and the legal nature of investment funds in the stock market (from the beginning to the liquidation of the fund) based on Islamic principles.

Document Type : Original Article

Authors

1 PhD student, Department of Private Law, Khuzestan Science and Research Campus, Islamic Azad University, Ahvaz, Iran PhD student, private law department, Ahvaz branch, Islamic Azad University, Ahvaz, Iran.

2 Assistant Professor, Department of Law, Dezful Branch, Islamic Azad University, Dezful, Iran.

3 Assistant Professor, Department of Ahvaz Branch, Islamic Azad University Ahvaz,

Abstract

Investment funds are one of the best ways for investors to enter the capital market, which operate under the supervision and with the permission of the Securities and Exchange Organization. The purpose of this research is to investigate the organizational system of investment funds and analyze the legal nature of the activities and mechanisms of the mentioned funds in the stock market. The philosophy of forming a fund is to collect funds from investors and buy and sell securities within the framework of obligations to market those securities in accordance with the prospectus and gain benefits from this. Funds, like any other institution, operate within a certain framework, which knowledge of the scope of the fund's activity determines that all the scopes of the fund's activity are registered and defined in the statutes of this financial institution. In this article, we intend to examine the principles and legal elements of the formation of investment funds and the mechanisms of the activity of this financial institution from its establishment to liquidation, as well as analyzing the schemas and executive structure of the aforementioned funds. The results of this research and the recognition of this financial institution will not only help us in explaining the nature, effects and legal results of the investment fund, but will also help in consolidating the rights and duties of its agents, especially the investors. .

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Volume 3, Issue 1
January 2025
Pages 134-144
  • Receive Date: 23 June 2024
  • Revise Date: 11 July 2024
  • Accept Date: 12 October 2024
  • First Publish Date: 12 October 2024