Islamic commercial law : an analysis of futures and options / Mohammmad Hashim Kamali.

Format:

Book

Author/Creator:

Kamali, Mohammad Hashim.

Language:

English

Subjects (All):

Commercial law (Islamic law).

Options (Finance)--Law and legislation--Islamic countries.

Options (Finance).

Futures--Law and legislation--Islamic countries.

Futures.

Futures--Law and legislation.

Options (Finance)--Law and legislation.

Islamic countries.

Physical Description:

xxii, 353 pages ; 24 cm

Place of Publication:

Cambridge : Islamic Texts Society, 2000.

Summary:

This ground-breaking work dedicated to discussing futures and options as trading tools and exploring their validity from an Islamic perspective represents a new phenomenon in Islamic commercial law.

Contents:

Part 1 Futures Trading in the Market-Place

I. The Futures Contract 1

II. Uses of Futures 15

III. Futures Contracts and Conventional Contracts 22

IV. The Futures Market 30

V. Risk Reduction Strategies 43

VI. The Futures Markets of Alexandria and Kuala Lumpur 49

Part 2 Futures Trading and Conventional Sales: A Discourse in Fiqh

VII. The Shariah Perspective on Commercial Transactions (Muamalat) 66

VIII. Uncertainty and Risk-Taking (Gharar) in Islamic Law 84

IX. The Subject-Matter of a Sale 99

X. 'Sell Not What is Not With You' 110

XI. Sale Prior to Taking Possession (Qabd) 117

XII. Debt Clearance Sale (Bayal-Daynbi'l-Dayn) 125

XIII. Deferred Sale (Bayal-Mu'ajjal) 131

XIV. Speculation or Gambling 146

XV. A Summary of Modern Opinion 159

Part 3 Options

XVI. A Market Analysis of Options 183

XVII. Options (al-Ikhtiyarat) from the Islamic Legal Perspective 191.

Notes:

Includes bibliographical references and index.

ISBN:

0946621802

0946621799

OCLC:

42445555