Islamic Commercial Law: An Analysis of Options


This essay is presented in two sections. Section one is devoted to a market analysis of options, and section two to a Shariah perspective on options trading. There is no real shortage of information in the operational procedures of options and the various ways in which options are utilized as trading vehicle and hedging and risk-reduction devices. On the other hand, there is a shortage of in-depth information analyzing options trading from the perspectives of the Shariah. The second part of this essay is tentative, in part because certain aspects of the issues need further development and research.


By Mohammad Hashim Kamali

An Analysis of Futures and Options, Cambridge: the Islamic Texts Society, 2000. Reprint by Ilmiah Publishers of Kuala Lumpur, 2002, pp 253.

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