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Document Type |
: |
Article In Journal |
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Document Title |
: |
Financial Options in Islamic Contracts: Potential Tools for Risk Management الخيارات المالية في العقود الإسلامية : الأدوات الممكن استعمالها في إدارة المخاطر |
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Subject |
: |
Articles |
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Document Language |
: |
English |
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Abstract |
: |
The paper attempts to undertake an Islamic assessment of financial
contracting in the global currency markets. Some basic currency-related contracts
in mainstream finance, such as, spot transactions, options, forwards, futures, swaps
are examined in the light of Islamic norms of financial ethics, such as, freedom
from riba, gharar, jahl, qimar and maisir. The study also highlights the views of
Islamic scholars on various conventional as well as Shariah-based contractual
mechanisms. In cases where there is some degree of divergence of views, the study
examines the nature and source of disagreement as also the implications and
economic significance of the arguments. In view of the overwhelming importance
of currency risk management in volatile markets, the study undertakes an
assessment of the various financial contracts as risk management tools. |
|
ISSN |
: |
1018-7383 |
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Journal Name |
: |
Islamic Economics Journal |
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Volume |
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11 |
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Issue Number |
: |
1 |
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Publishing Year |
: |
1419 AH
1999 AD |
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Number Of Pages |
: |
25 |
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Article Type |
: |
Article |
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Added Date |
: |
Sunday, October 11, 2009 |
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Researchers
| محمد عبيدالله | OHAMMED OBAIDULLAH | Researcher | | |
|