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Islamic Commercial Law - An Analysis of Futures and Options (Paperback)
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Islamic Commercial Law - An Analysis of Futures and Options (Paperback)
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"Islamic Commercial Law: An Analysis of Futures and Options" is a
ground-breaking study, written by a renowned scholar in the field
of Islamic law, Prof M. H. Kamali, focusing on options and futures
as trading tools, exploring their validity from an Islamic point of
view. In this work, Prof M. H. Kamali advances a new perspective on
the issue of futures and options based on an interpretation of the
Qur'an and the Sunna and referring to the principle of "maslaha"
(consideration of public interest) as enshrined in the
Sharia.---"Islamic Commercial Law" consists of three parts. Part
One is devoted to the description of futures trading and the
understanding of operational procedures of futures and futures
markets. Part Two investigates the issue of permissibility of
futures trading in Islamic law and the underlying questions of
risk-taking and speculation, which are of central concern to the
topic. Part Three is devoted to an analysis of options. Prof M. H.
Kamali concludes this work by providing the most advisable approach
to commercial speculation in futures and options, especially the
one that most serves the public interest as enshrined in Sharia. So
as to aid the reader's understanding of this topic, the author also
includes a helpful glossary of all technical Arabic terms that
appear in this work. Prof M. H. Kamali's "Islamic Commercial Law"
is recommended reading for anyone working on Islamic law,
comparative law, or Islamic banking, and is an essential
contribution to the topic of Islamic commercial law.
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