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Wando Mount Pleasant Library
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John's Island Library
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Edgar Allan Poe/Sullivan's Island Library
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ISU-ISU SYARIAH DALAM KONTRAK DERIVATIF: SATU SOROTAN LITERATUR. (Malay)
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- Author(s): Nordin, Nadhirah; Rahman, Asmak Ab.
- Source:
Jurnal Syariah; mei-ogo2011, Vol. 19 Issue 2, p163-186, 24p- Subject Terms:
- Source:
- Additional Information
- Alternate Title: Shariah Issues in Derivative Contract: A Literature Review. (English)
- Abstract: Derivatives are a financial instrument that derives its value from underlying asset. This article reviews shariah issues in derivatives contract from the Islamic perspective. Islamic derivatives contract should be free from any elements prohibited by Islam such as riba, maysir (gambling), and gharar (excessive uncertainty). Muslim scholars adopted different approach in discussing the issues of derivatives contract. A study was conducted using data collection method from secondary sources namely journals, seminar proceedings, and books to collect the data comprising scholars' views in derivatives contract. The data were then analysed using thematic approach. It was found that the difference in opinion among scholars is due to the differences in their understanding and interpretation of al-hadith and in their understanding of derivatives contract itself. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Jurnal Syariah is the property of University of Malaya, Academy of Islamic Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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