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Financial options in Islamic contracts : potential tools for risk management
Other Title(s)
الخيارات المالية في العقود الإسلامية : الأدوات الممكن استعمالها في إدارة المخاطر
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 11, Issue 1 (31 Dec. 1999), pp.3-26, 24 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
1999-12-31
Country of Publication
Saudi Arabia
No. of Pages
24
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Islamic jurisprudence
- Islam
- Management
- Contracts
- Finance
- Exchange rates
- Foreign exchange
- Financial markets
- Risk management
- Financial risk
Abstract AR
يقوم البحث إسلاميا العقود المالية في أسواق العملات العالية، فيتفحص بعض العقود المتعلقة بالعملات في السوق المالي التقليدي : المعاملات الحالة، الخيارات، العقود الآجلة، المستقبليات و عقود المقايضات من منظور المعاير الإسلامية — هل هي خالية من الربا و الغرر و الجهالة و القمار و الميسر.
كما يناقش البحث آراء العلماء المعاصرين حول بعض الأدوات التقليدية و الشرعية، و ينظر إلى أسس الخلاف، إن وجدت، و إلى الآثار الاقتصادية لبعض هذه الواقف.
و نظرا إلى الأهمية البالغة لإدارة مخاطر تقلب العملات في الأسواق، يقوم البحث العقود المالية المتنوعة بوصفها أدوات لإدارة المخاطر.
Abstract EN
The paper attempts to undertake an Islamic assessment of financial contracting in the global currency markets.
Some basic currency-related contracts in mainstream finance, such as, spot transactions, options, forwards, futures, swaps are examined in the light of Islamic norms of financial ethics, such as, freedom from riba, gharar, jahl, qimar and maisir.
The study also highlights the views of Islamic scholars on various conventional as well as Shariah-based contractual mechanisms.
In cases where there is some degree of divergence of views, the study examines the nature and source of disagreement as also the implications and economic significance of the arguments.
In view of the overwhelming importance of currency risk management in volatile markets, the study undertakes an assessment of the various financial contracts as risk management tools.
American Psychological Association (APA)
Ubayd Allah, Muhammad. 1999. Financial options in Islamic contracts : potential tools for risk management. Journal of King Abdulaziz University : Islamic Economics،Vol. 11, no. 1, pp.3-26.
https://search.emarefa.net/detail/BIM-387898
Modern Language Association (MLA)
Ubayd Allah, Muhammad. Financial options in Islamic contracts : potential tools for risk management. Journal of King Abdulaziz University : Islamic Economics Vol. 11, no. 1 (1999), pp.3-26.
https://search.emarefa.net/detail/BIM-387898
American Medical Association (AMA)
Ubayd Allah, Muhammad. Financial options in Islamic contracts : potential tools for risk management. Journal of King Abdulaziz University : Islamic Economics. 1999. Vol. 11, no. 1, pp.3-26.
https://search.emarefa.net/detail/BIM-387898
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 25
Record ID
BIM-387898