Financial Engineering and Islamic Contracts
Financial engineering, a process of formulating creative solutions to problems in finance, plays a vital role in enhancing capital market efficiency. An interesting innovation in recent times has been the use of profit-sharing contracts by Islamic banks. In conventional finance, derivatives and commodity futures are innovations that could be of use to Islamic banks. This volumes explains these innovations with a view to learn from different experiences.
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Financial engineering, a process of formulating creative solutions to problems in finance, plays a vital role in enhancing capital market efficiency. An interesting innovation in recent times has been the use of profit-sharing contracts by Islamic banks. In conventional finance, derivatives and commodity futures are innovations that could be of use to Islamic banks. This volumes explains these innovations with a view to learn from different experiences.
1Introduction12Fiqhi issues in commodity futures20Comment44Comment493Commodity derivatives : an Islamic analysis58Comment86Comment894Shari'ah alternatives to government bonds995Potential use of Salam financing in Malaysia123Comment141Comment1446Optimal sharing contracts : properties and evolution146Comment177Comment182
