Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Abstract

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

This section presents a summary of the study on issue of futures trading and derivatives from Islamic perspective. The importance of derivative instruments as tools of risk management is taken for granted in the modern financial system. Many Muslim scholars have stressed the need for a prudent utilisation of such instruments in Islamic equity markets, banking and finance. However, these instruments may not be totally in compliance with Islamic principles of muʾāmalāt. The study begins with a critical review of the previous works and proceeds to analyse the forward, futures and option contracts from an Islamic point of view. The study also highlights their economic benefits, their reason d'être, the legal aspect of these contracts which may or may not be acceptable from sharīʿah perspective and then attempt is made to propose Islamic alternatives whenever they are deemed necessary and appropriate.

Keywords: derivatives; futures trading; Islamic law

10.1163/ej.9789004152465.i-338.103
/content/books/10.1163/ej.9789004152465.i-338.103
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Risk Management in Islamic Finance — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation