The Effects of New Approaches in Islamic Penal Code on Stock Convicts

Adoption of new approaches in the Islamic Penal Code (2013) (which amended the penal code 1991) has undeniably effects on punishment of the stock convicts. These new approaches which have been considered by legislator could eventually lead to decrease of punishment without deterrence. In this writer’s opinion, this new law gives rise to the problem in which the stock crimes become petty crimes with trivial punishment. This article (with libraries procedure) explains the impact of these new approaches on punishment of the stock crimes and finally (with critical view point) concludes that amendment of the securities market act to increase the punishment is necessary.