Risk Management in Islamic Finance: An Analysis of Derivatives Instruments in Commodity Markets

Risk Management in Islamic Finance: An Analysis of Derivatives Instruments in Commodity Markets

by Muhammad al-Bashir Muhammad al-Amine, Muhammad al-Amine, Muhammad al-Bashir Muhammad Al-Amine
     
 

ISBN-10: 9004152466

ISBN-13: 9789004152465

Pub. Date: 11/13/2008

Publisher: Brill Academic Publishers, Inc.

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.  See more details below

Overview

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.

Product Details

ISBN-13:
9789004152465
Publisher:
Brill Academic Publishers, Inc.
Publication date:
11/13/2008
Series:
Brill's Arab and Islamic Laws Series, #1
Pages:
338
Product dimensions:
6.60(w) x 9.70(h) x 1.00(d)

Table of Contents

List of Tables

List of Statutes

List of Cases

List of Contemporary Scholars

The Islamic Fiqh Academies

Ch. 1 Introduction 1

Ch. 2 The Forward Commodities Market 44

Ch. 3 Is it Permissible to Exchange Gold with Paper Money on Forward Basis? 72

Ch. 4 The Forward Market for Currencies 94

The Futures Market

Ch. 5 Concept, Scope of Futures Contracts and Speculation 121

Ch. 6 Sale Prior to Taking Possession, Sale of Debt and Futures Contract 159

Ch. 7 Futures Market Regulation 177

The Options Market

Ch. 8 Concept and Scope 195

Ch. 9 Khiyar Al-Shart, Risk Management and Options 222

Ch. 10 'Arbun Risk Management and Options 237

Ch. 11 The Sale of Pure Rights and the Legality of Options 266

Conclusion 299

Glossary of Arabic Terms 309

Bibliography 319

Index 329

Abstract 333

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