Analiza możliwości zawierania transakcji opcyjnych na islamskim rynku finansowym
Streszczenie
The aim of this paper is the analysis of options in the context of Islamic finance. Traditional
options in most cases cannot be offered by Islamic financial institutions, since their construction is
not compliant with very restrictive rules of Muslim religious law – Sharia, such as the prohibition
of usury, speculation, or the obligation to avoid risk. However, given that they are an important
tool in risk management, there is ongoing debate among Muslim economists about the possibility
to substitute them with traditional Islamic financial instruments, i.e. contracts al-arbun and khiyar
al-shart.
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