000 02417nam a22004094a 4500
001 WPIEA2012063
003 IMF
005 20190408083315.0
006 m o d
007 cr cn|||||||||
008 020129s2012 dcu o i00 0 eng d
020 _a1463938403 :
_c18.00 USD
020 _z9781463938406
022 _a1018-5941
024 7 _a10.5089/9781463938406.001
_2doi
035 _a(IMF)WPIEA2012063
040 _aDcWaIMF
_beng
100 1 _aSole, Juan.
245 1 0 _aOperative Principles of Islamic Derivatives
_h[electronic resource] :
_bTowards a Coherent Theory /
_cJuan Sole.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2012.
300 _a1 online resource (33 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 12/63
520 3 _aDerivatives 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 be derived as profits from the shared generation of goods and services between counterparties rather than interest or a guaranteed return. The paper explains the fundamental legal principles underpinning Islamic finance with a view towards developing a cohesive theory of derivatives subject to shari'ahprinciples. After critically reviewing accepted contracts and the scholastic debate surrounding existing financial innovation in this area, the paper offers an axiomatic perspective on a principle-based permissibility of derivatives under Islamic law.
588 _aDescription based on print version record.
650 7 _aBusiness Economics: General
_2imf
650 7 _aDerivatives
_2imf
650 7 _aGharar
_2imf
650 7 _aHedging
_2imf
650 7 _aIjara
_2imf
650 7 _aIslamic Law
_2imf
651 7 _aMalaysia
_2imf
700 1 _aJobst, Andreas A.
700 1 _aSole, Juan.
776 0 8 _iPrint Version:
_aSole, Juan.
_tOperative Principles of Islamic Derivatives : Towards a Coherent Theory
_dWashington, D.C. : International Monetary Fund, 2012.
_z9781463938406
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 12/63
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/12664-9781463938406/12664-9781463938406/12664-9781463938406.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781463938406
_zIMF Book Store
999 _c166136
_d166136