TY  - BOOK
AU  - Ayoub,Sherif
ED  - Edinburgh University Press
TI  - Derivatives in Islamic finance: examining the market risk management framework 
T2  - Edinburgh guides to Islamic finance
SN  - 9780748695690
AV  - HG6024.I74 A96 2014
PY  - 2014///
CY  - Edinburgh
PB  - Edinburgh University Press
KW  - Financial risk management
KW  - Islamic countries
N1  - Includes bibliographical references (pages 229-250) and index; -- 1. Introduction; -- 2. Truth formation in Mua'amalat; -- 2.0. Introduction; -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a; -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics; -- 2.3. Conclusion; -- 3. Market risks and their management; -- 3.0. Introduction; -- 3.1. Risk and its management; -- 3.2. Risk identification; -- 3.3. Risk measurement; -- 3.4. Risk strategy; -- 3.5. Rationale for hedging; -- 3.6. Conclusion; -- 4. Conventional derivatives: theory and practice; -- 4.0. Introduction; -- 4.1. Economics of derivatives; -- 4.2. Conventional derivative instruments; -- 4.3. Conclusion; -- 5. Derivatives in Islamic finance; -- 5.0. Introduction; -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence; -- 5.2. Theoretical Shari'ah issues; -- 5.3. Contractual Shari'ah issues; -- 5.4. Contemporary derivatives in Islamic finance; -- 5.5 . Conclusion; -- 6. Permissibility of the underlying variables and the recognition of the contract; -- 6.0. Introduction; -- 6.1. Permissibility of the underlying variables: interest rate benchmarks; -- 6.2. Permissibility of the underlying variables: currency benchmarks; -- 6.3. The nature of money in Islam; -- 6.4. Recognition of the derivative contract; -- 6.5. Conclusion; -- 7. Maysir, hedging and derivatives; -- 7.0. Introduction; -- 7.1. A conceptualisation of Maysir in Islamic and Western thought; -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition; -- 7.3. Investment, speculation and gambling: the environment of risk management; -- 7.4. The role of financial intermediaries as speculators; -- 7.5. Conclusion; -- 8. Conclusion
ER  -