{"product_id":"risk-management-in-islamic-finance-9789004152465","title":"Risk Management in Islamic Finance","description":"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. \u003cbr\u003e\u003cbr\u003eThe 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 \u003ci\u003ekhiyar al-shart\u003c\/i\u003e and \u003ci\u003ebay al-arbun\u003c\/i\u003e 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.\u003cbr\u003e","brand":"Muhammad al-Bashir Muhammad al-Amine","offers":[{"title":"Default Title","offer_id":48310456516859,"sku":"9789004152465","price":263.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0779\/3917\/9771\/files\/9789004152465.jpg?v=1772491103","url":"https:\/\/indiepubs.com\/products\/risk-management-in-islamic-finance-9789004152465","provider":"IndiePubs","version":"1.0","type":"link"}