Setiawan, Romi Adetio - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-16
This paper aims to propose reforms to develop the Islamic derivatives transactions in Indonesia's over-the-counter (OTC) market. It is argued that the use of derivatives instruments is considered non-sharia compliant by the National Sharia Board (NSB) of the Indonesian Council of Ulama. However,...