Burse (Islamic Exchange)
بورصة
Pronunciation: BOOR-sah
An Islamic stock exchange or securities market operating under Shariah principles.
Definition
An exchange or securities market that operates in accordance with Islamic principles. Islamic exchanges screen listed companies for Shariah compliance, excluding those with excessive debt ratios, haram revenue streams (alcohol, gambling, pork, conventional finance), or prohibited business activities.
Major Islamic indices — like the Dow Jones Islamic Market Index and S&P Shariah Indices — apply quantitative and qualitative screens to determine eligibility.
Related Terms
Halal Screening
The process of evaluating stocks and investments for compliance with Islamic principles.
Shariahشريعة
Islamic law derived from the Quran and Sunnah — the foundation of all Islamic financial principles.
Sukukصكوك
Islamic investment certificates — structured as ownership shares in assets rather than debt obligations.
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Burse (Islamic Exchange) (بورصة) — An Islamic stock exchange or securities market operating under Shariah principles. An exchange or securities market that operates in accordance with Islamic principles. Islamic exchanges screen listed companies for Shariah compliance, excluding those with excessive debt ratios, haram revenue streams (alcohol, gambling, pork, conventional finance), or prohibited business activities.
- An Islamic stock exchange or securities market operating under Shariah principles.
- Category: Investment
- Related: Halal Screening, Shariah, Sukuk
- Compare related Shariah-compliant products on HalalWallet
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Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-06
Editorial Team, HalalWallet
Independent halal finance research · A member of Niya
Reviewed quarterly and updated for major content changes.