تسيير المخاطر المالية في النظرية المالية الإسلامية : دراسة مقارنة لعينة من الشركات الماليزية

Abstract EN

Firms face the same exposure to financial risks, however managing risk in an Islamic financial environment is subject to many restrictions.

The study aims to explore how financial risk is managed in Sharia compliant companies, by adopting a sample of 40 industrial companies listed on the Malaysian Stock Exchange, we found similarities in the mechanisms of managing financial risks, but Islamic companies face limited hedging tools, which made the Sharia coefficient a signifant positive on market risk This is for the controversy surrounding the legality of using derivatives as the most effective tools for hedging market risks, as we found a negative significant coefficient of the derivative coefficient on global risk and systematic risks.