The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling).Inthelatter partofthe resolution, the academy did acknowledge that the benefits and the negativesofthe financial markets ... research papers, six of them were mainly focused on optionsand appear to be in response toeight specific questions byanbsp;...
|Title||:||Derivatives in Islamic Finance: Examining the Market Risk Management Framework|
|Publisher||:||Edinburgh University Press - 2014-07-31|