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

Al-Bashir Muhammad Al-Amine, Muhammad

Couverture rigide

ISBN 10 : 9004152466 ISBN 13 : 9789004152465

Editeur : Martinus Nijhoff, 2008

Synopsis

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.

A propos du livre

À propos de l'auteur

Muhammad Al-Bashir Muhammad Al-Amine, Ph.D. (2003) International Islamic University Malaysia, is currently Shariah Compliance Department Manager at Unicorn Investment Bank, Bahrain. He has published extensively on Islamic banking and finance in several reknown journals including Arab Law Quarterly.

Détails de l'édition

• Éditeur: Martinus Nijhoff
• Date d'édition: 2008
• Langue: anglais
• ISBN 10: 9004152466
• ISBN 13: 9789004152465
• Reliure: Relié
• Nombre de pages: 338
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible