Derivatives, pricing efficiency and gharar: evidence on embedded options in Malaysia
Derivatives, despites their extensive usage as risk management tools, receive differing arguments among the Muslim scholars. Focusing on embedded option contracts, the resolution of Islamic Fiqh Academy, Jeddah No (63/1/7) under the financial markets considers the currently applied option contracts...
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| Format: | Article |
| Language: | English |
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IIUM Institute of Islamic Banking and Finance
2014
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| Online Access: | http://irep.iium.edu.my/39550/ http://irep.iium.edu.my/39550/ http://irep.iium.edu.my/39550/1/47-87-1-SM.pdf |