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 -- Khiyār Al-Sharṭ, risk management and options -- 'Arbūn risk management and options -- The sale of pure rights and the legality of options
Summary
Addresses derivatives instruments in Islamic finance. This work highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. It discusses the forward, futures and options contracts in commodity markets. It examines the arguments in favour of and against these instruments
Bibliography
Includes bibliographical references (pages 319-328) and index
