3 options
Risk management in Islamic finance : an analysis of derivatives instruments in commodity markets / by Muhammad al-Bashir Muhammad al-Amine.
- Format:
- Book
- Author/Creator:
- Al-Amine, Muhammad al-Bashir Muhammad.
- Series:
- Brill's Arab and Islamic laws series ; v. 1.
- Brill's Arab and Islamic laws series, 1871-2894 ; v. 1
- Language:
- English
- Subjects (All):
- Commodity exchanges--Law and legislation.
- Commodity exchanges.
- Commodity exchanges--Religious aspects--Islam.
- Finance (Islamic law).
- Option (Contract) (Islamic law).
- Sales (Islamic law).
- Risk management--Religious aspects--Islam.
- Risk management.
- Physical Description:
- 1 online resource (360 p.)
- Place of Publication:
- Leiden ; Boston : Brill, 2008.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- The forward commodities market
- Is it permissible to exchange gold with paper money on forward basis?
- The forward market for currencies
- Concept, scope of futures contracts and speculation
- Sale prior to taking possession, sale of debt and futures contract
- Futures market regulation
- Concept and scope
- Khiyar Al-Shart, risk management and options
- 'Arbun risk management and options
- The sale of pure rights and the legality of options.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references (p. [319]-328) and index.
- ISBN:
- 1-282-60288-8
- 9786612602887
- 90-474-4030-7
- OCLC:
- 705387696
- Publisher Number:
- 10.1163/ej.9789004152465.i-338 DOI
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