Vol. 11 No. 3 (2021): vol 11, Iss 3, Year 2021
Articles

The current position of islamic law on options contracts in the financial

Ehab Injadat
Department of Management, Sur University College,oman.
Published September 30, 2021
Keywords
  • Options, Islamic options, Arabun, Khiyar al-shart
How to Cite
Injadat, E. (2021). The current position of islamic law on options contracts in the financial. Journal of Management and Science, 11(3), 76-78. Retrieved from http://jms.eleyon.org/index.php/jms/article/view/492

Abstract

This study is an overview of options contractsand the Islamic law view on them based on its current application in the financial markets.Methodology that has been used in thisstudy is descriptive methodology, were secondary data have been collected from books, published journals, and the resolutions of the internationalIslamic academies, where they were reviewed and discussed in order clarify the criticisms of Islamic law and Muslim scholarly consensus toward options contracts in light of its present application in the financial marketsversus who supports the use of options within a certain range.The study concluded that the current optionsinclude forbidden elements such as Gharar (ambiguity), Riba usury and Gambling.However, these contracts can be developed under certain conditions and used in the field of hedging.

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