Research Catalog

Title

Risk management in Islamic finance : an analysis of derivatives instruments in commodity markets / by Muhammad al-Bashir Muhammad al-Amine.

Author

Al-Amine, Muhammad al-Bashir Muhammad.

Publication

Leiden ; Boston : Brill, 2008.

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Details

Description

xx, 337 pages; 25 cm.

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."-- BOOK JACKET.

Series Statement

Brill's Arab and Islamic laws series, 1871-2894 ; v. 1

Uniform Title

Brill's Arab and Islamic laws series ; v. 1.

Subject

• Commodity exchanges > Law and legislation
• Commodity exchanges > Religious aspects > Islam
• Finance > Religious aspects > Islam
• Finance (Islamic law)
• Option (Contract law, Islamic)
• Sales (Islamic law)
• Risk management > Religious aspects > Islam
• Commodity exchanges > Law and legislation
• Finance > Religious aspects > Islam
• Risikomanagement
• Derivat Wertpapier
• Optionsposition
• Islamische Bank
• Risikomanagement
• Commodity exchanges > Law and legislation > Islamic countries
• Commodity exchanges > Islamic countries
• Risk management > Islamic countries
• Finance > Islamic countries

Bibliography (note)

• Includes bibliographical references (p. [319]-328) and index.

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 -- Khiyār Al-Sharṭ, risk management and options -- 'Arbūn risk management and options -- The sale of pure rights and the legality of options.

ISBN

• 9789004152465
• 9004152466

LCCN

2008029640

OCLC

• ocn231588822
• 231588822
• SCSB-8874465

Owning Institutions

Princeton University Library