It is a noteworthy and encouraging development in the Egyptain financial sector (and in perhaps the larger Egyptain society) that the management of the Egyptian Stock Market 1) has openly announced that it is awaiting the decision of Sh Ali Jumua, the Mufti of Egyptian, on the permissibility of its proposed short selling platform before launching it; 2) has submittted its revised Short selling proposal to the Mufti's office for review and 3) has stated explicitly in the press that it does not want the platform to resemble "games of chance," even using the relevant term from islamic ethics maqamarah.
See article (Arabic).