Copying and distributing are prohibited without permission of the publisher.

Watermark

ISLAMIC FINANCE - Unconventional exposure

14 Mar 2007

Derivatives seem an anathema to Islamic finance: they exist only on balance sheets, are dependent on other product movements and are frequently used for speculation. But they are also vital for hedging – provided that banks understand them and that scholars agree on what structures are permitted. Chris Wright sneaks a peek at the contentious issue of interest in Islam.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
14 Mar 2007