Operative Principles of Islamic Derivatives : Towards a Coherent Theory /

Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must b...

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Bibliographic Details
Main Author: Sole, Juan
Other Authors: Jobst, Andreas
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/063
Online Access:Full text available on IMF