Derivatives in Islamic Finance : Examining the Market Risk Management Framework.

By:

Ayoub, Sherif

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780748695713

Subject(s):

Financial risk management -- Islamic countries

Genre/Form:

Electronic books.

Additional physical formats: Print version:: Derivatives in Islamic FinanceDDC classification:

332.6457091767

LOC classification:

HD61 -- .A968 2014 eb

Online resources:

Click to View

Contents:

Intro -- Title page -- Copyright -- Contents -- Abbreviations -- Preface -- Chapter 1 INTRODUCTION -- Chapter 2 TRUTH FORMATION IN MUA'AMALAT -- Chapter 3 MARKET RISKS AND THEIR MANAGEMENT -- Chapter 4 CONVENTIONAL DERIVATIVES: THEORY AND PRACTICE -- Chapter 5 DERIVATIVES IN ISLAMIC FINANCE -- Chapter 6 PERMISSIBILITY OF THE UNDERLYING VARIABLES AND THE RECOGNITION OF THE CONTRACT -- Chapter 7 MAYSIR, HEDGING AND DERIVATIVES -- Chapter 8 CONCLUSION -- References -- INDEX.

Summary: 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).

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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 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).

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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