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:: Volume 20, Issue 23 (7-2018) ::
mieaoi 2018, 20(23): 31-43 Back to browse issues page
Option Contracts in Islamic jurisprudence perspective
Abstract:   (660 Views)
One of the initiatives of specialists in finance is derivative financial instruments which has a special role in the growth of financial markets. The main objective of developing these tools is confronting the risks that they become more evolved and variant over time. One of the most important tools is the option contract which is more flexible comparing to other derivative tools, so price fluctuation Risks are better covered, but as far as option contracts are of the new ones, a group of jurists and lawyers criticized these contracts and they are not sure about their authenticity. Also, there are two shortcomings in same future contracts that make an option deal. In same future contracts, the price is fixed in the contract and it prevents price change risks, but the two parties do not profit from market changes. The second shortcoming is the inability to use it for managing possible and expediency debts, but in legal discussions, Option deal is not considered as a memorandum or insurance, but they can be corrected legally. In this paper, the theories of Shiite and Sunni scholars are presented with their explanations
Keywords: Deal Options, Deal Option Bonds, Same Future Contracts, Upcoming Deal, insurance, Arabic Sale
Full-Text [PDF 186 kb]   (264 Downloads)    
Type of Study: Applicable | Subject: Special
Received: 2018/07/3 | Accepted: 2018/07/3 | Published: 2018/07/3
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Option Contracts in Islamic jurisprudence perspective. mieaoi. 2018; 20 (23) :31-43
URL: http://mieaoi.ir/article-1-682-en.html

Volume 20, Issue 23 (7-2018) Back to browse issues page
نشریه اقتصاد و بانکداری اسلامی Islamic Economics & Banking
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