Cover Image

Application of shariah principles in Islamic foreign exchange options

In accordance with the dire need for derivative-like products, Islamic financial institutions eventually initiated their efforts to design a product with suitable contracts. Option-like Islamic products began to be offered by Islamic financial institutions a few years ago. Today, the products have p...

Full description

Saved in:
Bibliographic Details
Main Authors: Nor Fahimah, M.R., Ahmad Sufian, C.A.
Format: Conference or Workshop Item
Language:English
Published: 2016
Subjects:
Islam
H Social Sciences (General)
Online Access:http://eprints.um.edu.my/15922/1/Nor_Fahimah_%26_Ahmad_Sufian-kertas_kerja_penuh.pdf
http://eprints.um.edu.my/15922/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.um.eprints.15922
record_format eprints
spelling my.um.eprints.159222016-06-20T00:20:13Z http://eprints.um.edu.my/15922/ Application of shariah principles in Islamic foreign exchange options Nor Fahimah, M.R. Ahmad Sufian, C.A. Islam H Social Sciences (General) In accordance with the dire need for derivative-like products, Islamic financial institutions eventually initiated their efforts to design a product with suitable contracts. Option-like Islamic products began to be offered by Islamic financial institutions a few years ago. Today, the products have proven to gain wider recognition, and several contracts are being used to construct an option-like effect and outcome. This study aims to evaluate the compliance of Islamic foreign exchange options with shariah principles. This study involves the collection and analysis of primary and secondary data from various sources. It also undertakes content analysis of the rulings of jurisprudence scholars on several shariah principles. This study found that this Islamic FX option is still debatable on its permissibility from shariah perspective. 2016-04 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.um.edu.my/15922/1/Nor_Fahimah_%26_Ahmad_Sufian-kertas_kerja_penuh.pdf Nor Fahimah, M.R. and Ahmad Sufian, C.A. (2016) Application of shariah principles in Islamic foreign exchange options. In: International Conference on Accounting, Management, Economics and Social Sciences , 30 April 2016, Jakarta, Indonesia.
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
language English
topic Islam
H Social Sciences (General)
spellingShingle Islam
H Social Sciences (General)
Nor Fahimah, M.R.
Ahmad Sufian, C.A.
Application of shariah principles in Islamic foreign exchange options
description In accordance with the dire need for derivative-like products, Islamic financial institutions eventually initiated their efforts to design a product with suitable contracts. Option-like Islamic products began to be offered by Islamic financial institutions a few years ago. Today, the products have proven to gain wider recognition, and several contracts are being used to construct an option-like effect and outcome. This study aims to evaluate the compliance of Islamic foreign exchange options with shariah principles. This study involves the collection and analysis of primary and secondary data from various sources. It also undertakes content analysis of the rulings of jurisprudence scholars on several shariah principles. This study found that this Islamic FX option is still debatable on its permissibility from shariah perspective.
format Conference or Workshop Item
author Nor Fahimah, M.R.
Ahmad Sufian, C.A.
author_facet Nor Fahimah, M.R.
Ahmad Sufian, C.A.
author_sort Nor Fahimah, M.R.
title Application of shariah principles in Islamic foreign exchange options
title_short Application of shariah principles in Islamic foreign exchange options
title_full Application of shariah principles in Islamic foreign exchange options
title_fullStr Application of shariah principles in Islamic foreign exchange options
title_full_unstemmed Application of shariah principles in Islamic foreign exchange options
title_sort application of shariah principles in islamic foreign exchange options
publishDate 2016
url http://eprints.um.edu.my/15922/1/Nor_Fahimah_%26_Ahmad_Sufian-kertas_kerja_penuh.pdf
http://eprints.um.edu.my/15922/
_version_ 1643690163275038720
score 13.211869

Similar Items