HashimKamali

Thursday, 30 December 1999 12:43

The Permissibility and Potential of Developing Islamic Derivatives as Financial Instruments

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Introduction

This paper is presented in two parts. Part one is devoted to a discussion of the potential of developing Islamic financial instruemnt in the derivatives market of Malaysia. The second part of this paper addresses the issue of the permissibility or otherwise in Shariah of trading in derivatives. The remaining part of the discussion is issue-oriented and looks into some questions of juristic concern as to the permissibility of trading in derivatives.

 

IIUM Journal of Economics and Management, Vol. 7, no. 2 (1999), pp 73-86.

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