The principle of Wa'd or promise can be used to structure innovative shariah compliant hedging instruments …. Conventional hedging products such as forward currency contracts and currency swaps are prohibited in Islamic Finance principally … banks, specifically in its application as an Islamic hedging instrument. Based on a survey of the banks' official …

, namely risk management (hedging), and speculation. However, these contracts from the perspective of Islamic experts are …

essential in analyzing optimal hedging and export decisions. When the spot exchange rate and the futures exchange rate are …

optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …