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currently working in Islamic financial institutions in Malaysia and Singapore. This study used phenomenological techniques for … conventional derivative instruments and the controversies surrounding underlying contracts and current Islamic derivative products …. Design/methodology/approach This study uses qualitative methods to form a deeper understanding of shari’ah scholars …
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An economic and legal analysis of derivative hedging instruments in Islamic financeThe Islamic finance industry faces …'ah resolutions and standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging …
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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...
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