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DERIVATIVES IN ISLAMIC FINANCE: EXAMINING THE MARKET RISK MANAGEMENT FRAMEWORK

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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 focuson 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 surroundingthe avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling).

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Availability

10001652

332.645 AYO d

RLC MM (Rak Buku Wajib)

Available

Detail Information

Series Title

Edinburgh Guides to Islamic Finance

Statement of Responsibility

Sherif Ayoub

Call Number

332.645 AYO d

Publisher

Edinburgh : Edinburgh University Press., 2014

Collation

x, 260 p. : ill ; 22cm

Language

English

ISBN/ISSN

978-0-7486-9569-0

Classification

332.645

Content Type

-

Edition

-

Subject(s)

Buku Wajib
Economic of Islam
Islamic Finance

Specific Detail Info

-

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