| Risk Management in Islamic Finance: An Analysis of Derivatives Instruments in Commodity Markets Contributor(s): Al-Bashir Muhammad Al-Amine (Author) |
|
 |
ISBN: 9004152466 ISBN-13: 9789004152465 Publisher: Brill Nijhoff OUR PRICE: $237.50 Product Type: Hardcover - Other Formats Published: November 2008 Annotation: This study addresses the derivatives instruments in Islamic finance and highlights their benefits and legal aspects. It also discusses the forward, futures and options contracts in commodity markets. Arguments both in favour of and against these instruments are addressed and several alternatives are examined as well. |
| Additional Information |
| Dewey: 332.64 |
| Series: Brill's Arab and Islamic Laws |
| Physical Information: 0.9" H x 6.5" W x 9.6" (1.60 lbs) 338 pages |
| Themes: - Religious Orientation - Islamic |
| Descriptions, Reviews, Etc. |
| Publisher Description: This study addresses derivatives instruments in Islamic finance. It highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. The forward, futures and options contracts in commodity markets are discussed and the arguments in favour of and against these instruments examined. The forward contracts issue includes the possibility of trading gold in forward basis, the forward market for currencies and the possible alternative to manage related risks. With the examination of futures contracts, the main arguments against such a contract are addressed, for example the sale prior to taking possession and the sale of debt hedging and speculation. The study proposes khiyar al-shart and bay al-arbun as tools of risk management and alternatives to options. The sale of pure rights is at the center of the admissibility of options in Islamic law and is investigated comprehensively. |