Derivatives in Islamic finance :: examining the market risk management framework /
An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Edinburgh :
Edinburgh University Press,
[2014]
|
| Schriftenreihe: | Edinburgh guides to Islamic finance.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling). Key Features. Scrutinises the rationale and basis of Shari'ah resolutions and standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging instruments Uses economic theory and actual market practices to show the benefits of the contemporary risk management framework Introduces new topics that are relevant to the discussion including the conceptualisation of money, gambling, and financial intermediaries |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780748695713 0748695710 9780748695720 0748695729 |
Internformat
MARC
| LEADER | 00000cam a2200000 i 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-ocn903488800 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||unuuu | ||
| 008 | 150216s2014 stk ob 001 0 eng d | ||
| 040 | |a N$T |b eng |e rda |e pn |c N$T |d N$T |d IDEBK |d E7B |d OCLCF |d VLB |d JSTOR |d YDXCP |d OCLCQ |d EBLCP |d AGLDB |d MOR |d OCLCQ |d IOG |d MERUC |d EZ9 |d VNS |d VTS |d OCLCQ |d LVT |d UKMGB |d STF |d M8D |d OCLCQ |d UKAHL |d MM9 |d UX1 |d OCLCO |d OL$ |d OCLCQ |d OCLCO |d SXB | ||
| 015 | |a GBB8K7926 |2 bnb | ||
| 015 | |a GBB4A2988 |2 bnb | ||
| 015 | |a GBB450420 |2 bnb | ||
| 016 | 7 | |a 016873873 |2 Uk | |
| 016 | 7 | |a 016713904 |2 Uk | |
| 016 | 7 | |a 019112439 |2 Uk | |
| 019 | |a 1175643522 | ||
| 020 | |a 9780748695713 |q (electronic bk.) | ||
| 020 | |a 0748695710 |q (electronic bk.) | ||
| 020 | |a 9780748695720 |q (ePub ebook) | ||
| 020 | |a 0748695729 | ||
| 020 | |z 9780748695690 |q (hbk.) | ||
| 020 | |z 9780748695706 |q (pbk.) | ||
| 035 | |a (OCoLC)903488800 |z (OCoLC)1175643522 | ||
| 037 | |a 22573/ctt13z6wwp |b JSTOR | ||
| 043 | |a a------ |a f------ | ||
| 050 | 4 | |a HG6024.I74 |b A96 2014eb | |
| 072 | 7 | |a BUS |x 027000 |2 bisacsh | |
| 072 | 7 | |a REL037000 |2 bisacsh | |
| 072 | 7 | |a BUS035000 |2 bisacsh | |
| 072 | 7 | |a BUS027000 |2 bisacsh | |
| 082 | 7 | |a 332.6 |b 23 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Ayoub, Sherif, |e author. |0 http://id.loc.gov/authorities/names/nb2014018869 | |
| 245 | 1 | 0 | |a Derivatives in Islamic finance : |b examining the market risk management framework / |c Sherif Ayoub. |
| 264 | 1 | |a Edinburgh : |b Edinburgh University Press, |c [2014] | |
| 264 | 4 | |c ©2014 | |
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a Edinburgh guides to Islamic finance | |
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a 1. Introduction -- 2. Truth formation in Mua'amalat -- 2.0. Introduction -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics -- 2.3. Conclusion -- 3. Market risks and their management -- 3.0. Introduction -- 3.1. Risk and its management -- 3.2. Risk identification -- 3.3. Risk measurement -- 3.4. Risk strategy -- 3.5. Rationale for hedging -- 3.6. Conclusion -- 4. Conventional derivatives: theory and practice -- 4.0. Introduction -- 4.1. Economics of derivatives -- 4.2. Conventional derivative instruments -- 4.3. Conclusion -- 5. Derivatives in Islamic finance -- 5.0. Introduction -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence -- 5.2. Theoretical Shari'ah issues -- 5.3. Contractual Shari'ah issues -- 5.4. Contemporary derivatives in Islamic finance -- 5.5. Conclusion -- 6. Permissibility of the underlying variables and the recognition of the contract -- 6.0. Introduction -- 6.1. Permissibility of the underlying variables: interest rate benchmarks -- 6.2. Permissibility of the underlying variables: currency benchmarks -- 6.3. The nature of money in Islam -- 6.4. Recognition of the derivative contract -- 6.5. Conclusion -- 7. Maysir, hedging and derivatives -- 7.0. Introduction -- 7.1. A conceptualisation of Maysir in Islamic and Western thought -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition -- 7.3. Investment, speculation and gambling: the environment of risk management -- 7.4. The role of financial intermediaries as speculators -- 7.5. Conclusion -- 8. Conclusion. | |
| 588 | 0 | |a Vendor-supplied metadata. | |
| 520 | |a An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling). Key Features. Scrutinises the rationale and basis of Shari'ah resolutions and standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging instruments Uses economic theory and actual market practices to show the benefits of the contemporary risk management framework Introduces new topics that are relevant to the discussion including the conceptualisation of money, gambling, and financial intermediaries | ||
| 650 | 0 | |a Financial risk management |z Islamic countries. | |
| 650 | 6 | |a Finances |x Gestion du risque |z Pays musulmans. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a RELIGION |x Islam |x General. |2 bisacsh | |
| 650 | 7 | |a Financial risk management |2 fast | |
| 651 | 7 | |a Islamic countries |2 fast | |
| 655 | 4 | |a Electronic book. | |
| 776 | 0 | 8 | |i Print version: |z 9780748695690 |
| 830 | 0 | |a Edinburgh guides to Islamic finance. |0 http://id.loc.gov/authorities/names/no2011078561 | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=955676 |3 Volltext |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH26271744 | ||
| 938 | |a Askews and Holts Library Services |b ASKH |n AH27077657 | ||
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1842881 | ||
| 938 | |a ebrary |b EBRY |n ebr11021959 | ||
| 938 | |a EBSCOhost |b EBSC |n 955676 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis30982262 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis32160777 | ||
| 938 | |a YBP Library Services |b YANK |n 12295481 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn903488800 |
|---|---|
| _version_ | 1816796917450932225 |
| adam_text | |
| any_adam_object | |
| author | Ayoub, Sherif |
| author_GND | http://id.loc.gov/authorities/names/nb2014018869 |
| author_facet | Ayoub, Sherif |
| author_role | aut |
| author_sort | Ayoub, Sherif |
| author_variant | s a sa |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG6024 |
| callnumber-raw | HG6024.I74 A96 2014eb |
| callnumber-search | HG6024.I74 A96 2014eb |
| callnumber-sort | HG 46024 I74 A96 42014EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBU |
| contents | 1. Introduction -- 2. Truth formation in Mua'amalat -- 2.0. Introduction -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics -- 2.3. Conclusion -- 3. Market risks and their management -- 3.0. Introduction -- 3.1. Risk and its management -- 3.2. Risk identification -- 3.3. Risk measurement -- 3.4. Risk strategy -- 3.5. Rationale for hedging -- 3.6. Conclusion -- 4. Conventional derivatives: theory and practice -- 4.0. Introduction -- 4.1. Economics of derivatives -- 4.2. Conventional derivative instruments -- 4.3. Conclusion -- 5. Derivatives in Islamic finance -- 5.0. Introduction -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence -- 5.2. Theoretical Shari'ah issues -- 5.3. Contractual Shari'ah issues -- 5.4. Contemporary derivatives in Islamic finance -- 5.5. Conclusion -- 6. Permissibility of the underlying variables and the recognition of the contract -- 6.0. Introduction -- 6.1. Permissibility of the underlying variables: interest rate benchmarks -- 6.2. Permissibility of the underlying variables: currency benchmarks -- 6.3. The nature of money in Islam -- 6.4. Recognition of the derivative contract -- 6.5. Conclusion -- 7. Maysir, hedging and derivatives -- 7.0. Introduction -- 7.1. A conceptualisation of Maysir in Islamic and Western thought -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition -- 7.3. Investment, speculation and gambling: the environment of risk management -- 7.4. The role of financial intermediaries as speculators -- 7.5. Conclusion -- 8. Conclusion. |
| ctrlnum | (OCoLC)903488800 |
| dewey-full | 332.6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6 |
| dewey-search | 332.6 |
| dewey-sort | 3332.6 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>06136cam a2200769 i 4500</leader><controlfield tag="001">ZDB-4-EBU-ocn903488800</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cnu|||unuuu</controlfield><controlfield tag="008">150216s2014 stk ob 001 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">N$T</subfield><subfield code="b">eng</subfield><subfield code="e">rda</subfield><subfield code="e">pn</subfield><subfield code="c">N$T</subfield><subfield code="d">N$T</subfield><subfield code="d">IDEBK</subfield><subfield code="d">E7B</subfield><subfield code="d">OCLCF</subfield><subfield code="d">VLB</subfield><subfield code="d">JSTOR</subfield><subfield code="d">YDXCP</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">EBLCP</subfield><subfield code="d">AGLDB</subfield><subfield code="d">MOR</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">IOG</subfield><subfield code="d">MERUC</subfield><subfield code="d">EZ9</subfield><subfield code="d">VNS</subfield><subfield code="d">VTS</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">LVT</subfield><subfield code="d">UKMGB</subfield><subfield code="d">STF</subfield><subfield code="d">M8D</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">UKAHL</subfield><subfield code="d">MM9</subfield><subfield code="d">UX1</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OL$</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">SXB</subfield></datafield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">GBB8K7926</subfield><subfield code="2">bnb</subfield></datafield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">GBB4A2988</subfield><subfield code="2">bnb</subfield></datafield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">GBB450420</subfield><subfield code="2">bnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">016873873</subfield><subfield code="2">Uk</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">016713904</subfield><subfield code="2">Uk</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">019112439</subfield><subfield code="2">Uk</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">1175643522</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780748695713</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0748695710</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780748695720</subfield><subfield code="q">(ePub ebook)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0748695729</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780748695690</subfield><subfield code="q">(hbk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9780748695706</subfield><subfield code="q">(pbk.)</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)903488800</subfield><subfield code="z">(OCoLC)1175643522</subfield></datafield><datafield tag="037" ind1=" " ind2=" "><subfield code="a">22573/ctt13z6wwp</subfield><subfield code="b">JSTOR</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">a------</subfield><subfield code="a">f------</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG6024.I74</subfield><subfield code="b">A96 2014eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">027000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">REL037000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS035000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS027000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.6</subfield><subfield code="b">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ayoub, Sherif,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/nb2014018869</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Derivatives in Islamic finance :</subfield><subfield code="b">examining the market risk management framework /</subfield><subfield code="c">Sherif Ayoub.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Edinburgh :</subfield><subfield code="b">Edinburgh University Press,</subfield><subfield code="c">[2014]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Edinburgh guides to Islamic finance</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references and index.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">1. Introduction -- 2. Truth formation in Mua'amalat -- 2.0. Introduction -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics -- 2.3. Conclusion -- 3. Market risks and their management -- 3.0. Introduction -- 3.1. Risk and its management -- 3.2. Risk identification -- 3.3. Risk measurement -- 3.4. Risk strategy -- 3.5. Rationale for hedging -- 3.6. Conclusion -- 4. Conventional derivatives: theory and practice -- 4.0. Introduction -- 4.1. Economics of derivatives -- 4.2. Conventional derivative instruments -- 4.3. Conclusion -- 5. Derivatives in Islamic finance -- 5.0. Introduction -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence -- 5.2. Theoretical Shari'ah issues -- 5.3. Contractual Shari'ah issues -- 5.4. Contemporary derivatives in Islamic finance -- 5.5. Conclusion -- 6. Permissibility of the underlying variables and the recognition of the contract -- 6.0. Introduction -- 6.1. Permissibility of the underlying variables: interest rate benchmarks -- 6.2. Permissibility of the underlying variables: currency benchmarks -- 6.3. The nature of money in Islam -- 6.4. Recognition of the derivative contract -- 6.5. Conclusion -- 7. Maysir, hedging and derivatives -- 7.0. Introduction -- 7.1. A conceptualisation of Maysir in Islamic and Western thought -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition -- 7.3. Investment, speculation and gambling: the environment of risk management -- 7.4. The role of financial intermediaries as speculators -- 7.5. Conclusion -- 8. Conclusion.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Vendor-supplied metadata.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling). Key Features. Scrutinises the rationale and basis of Shari'ah resolutions and standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging instruments Uses economic theory and actual market practices to show the benefits of the contemporary risk management framework Introduces new topics that are relevant to the discussion including the conceptualisation of money, gambling, and financial intermediaries</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Financial risk management</subfield><subfield code="z">Islamic countries.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Finances</subfield><subfield code="x">Gestion du risque</subfield><subfield code="z">Pays musulmans.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Finance.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">RELIGION</subfield><subfield code="x">Islam</subfield><subfield code="x">General.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial risk management</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Islamic countries</subfield><subfield code="2">fast</subfield></datafield><datafield tag="655" ind1=" " ind2="4"><subfield code="a">Electronic book.</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="z">9780748695690</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Edinburgh guides to Islamic finance.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2011078561</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=955676</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH26271744</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH27077657</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL1842881</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ebrary</subfield><subfield code="b">EBRY</subfield><subfield code="n">ebr11021959</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">955676</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis30982262</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis32160777</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">12295481</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| genre | Electronic book. |
| genre_facet | Electronic book. |
| geographic | Islamic countries fast |
| geographic_facet | Islamic countries |
| id | ZDB-4-EBU-ocn903488800 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:18Z |
| institution | BVB |
| isbn | 9780748695713 0748695710 9780748695720 0748695729 |
| language | English |
| oclc_num | 903488800 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource |
| psigel | ZDB-4-EBU |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Edinburgh University Press, |
| record_format | marc |
| series | Edinburgh guides to Islamic finance. |
| series2 | Edinburgh guides to Islamic finance |
| spelling | Ayoub, Sherif, author. http://id.loc.gov/authorities/names/nb2014018869 Derivatives in Islamic finance : examining the market risk management framework / Sherif Ayoub. Edinburgh : Edinburgh University Press, [2014] ©2014 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Edinburgh guides to Islamic finance Includes bibliographical references and index. 1. Introduction -- 2. Truth formation in Mua'amalat -- 2.0. Introduction -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics -- 2.3. Conclusion -- 3. Market risks and their management -- 3.0. Introduction -- 3.1. Risk and its management -- 3.2. Risk identification -- 3.3. Risk measurement -- 3.4. Risk strategy -- 3.5. Rationale for hedging -- 3.6. Conclusion -- 4. Conventional derivatives: theory and practice -- 4.0. Introduction -- 4.1. Economics of derivatives -- 4.2. Conventional derivative instruments -- 4.3. Conclusion -- 5. Derivatives in Islamic finance -- 5.0. Introduction -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence -- 5.2. Theoretical Shari'ah issues -- 5.3. Contractual Shari'ah issues -- 5.4. Contemporary derivatives in Islamic finance -- 5.5. Conclusion -- 6. Permissibility of the underlying variables and the recognition of the contract -- 6.0. Introduction -- 6.1. Permissibility of the underlying variables: interest rate benchmarks -- 6.2. Permissibility of the underlying variables: currency benchmarks -- 6.3. The nature of money in Islam -- 6.4. Recognition of the derivative contract -- 6.5. Conclusion -- 7. Maysir, hedging and derivatives -- 7.0. Introduction -- 7.1. A conceptualisation of Maysir in Islamic and Western thought -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition -- 7.3. Investment, speculation and gambling: the environment of risk management -- 7.4. The role of financial intermediaries as speculators -- 7.5. Conclusion -- 8. Conclusion. Vendor-supplied metadata. An economic and legal analysis of derivative hedging instruments in Islamic finance. The Islamic finance industry faces the challenging task of attempting to reconcile the risk management demands of business entities with the difficulties posed by the seemingly rigid stance taken by some Shari'ah scholars over hedging practices. Offering a fresh perspective, Sherif Ayoub confronts the challenge by reformulating how we might think about the theorisation of economic matters in the Islamic faith. He also considers the associated perceptions of permissibility that have until now been confined to the legal sphere, with a focus on contractual elements. Ayoub sheds light on the way the Islamic finance industry conceptualises the role of financial instruments. Paying particular attention to derivatives in a market risk management framework that adheres to the objectives of Islamic jurisprudence, readers will come to understand the issues surrounding the avoidance of Riba (usury), Gharar (excessive uncertainty) and Maysir (gambling). Key Features. Scrutinises the rationale and basis of Shari'ah resolutions and standards set by various bodies in the Islamic finance industry prohibiting the use of derivative hedging instruments Uses economic theory and actual market practices to show the benefits of the contemporary risk management framework Introduces new topics that are relevant to the discussion including the conceptualisation of money, gambling, and financial intermediaries Financial risk management Islamic countries. Finances Gestion du risque Pays musulmans. BUSINESS & ECONOMICS Finance. bisacsh RELIGION Islam General. bisacsh Financial risk management fast Islamic countries fast Electronic book. Print version: 9780748695690 Edinburgh guides to Islamic finance. http://id.loc.gov/authorities/names/no2011078561 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=955676 Volltext |
| spellingShingle | Ayoub, Sherif Derivatives in Islamic finance : examining the market risk management framework / Edinburgh guides to Islamic finance. 1. Introduction -- 2. Truth formation in Mua'amalat -- 2.0. Introduction -- 2.1. The path to the truth: the role of Maslaha, Qiyas and Igma'a -- 2.2. Truth-seeking in the scripture: the reality imposed by critical rationalism and hermeneutics -- 2.3. Conclusion -- 3. Market risks and their management -- 3.0. Introduction -- 3.1. Risk and its management -- 3.2. Risk identification -- 3.3. Risk measurement -- 3.4. Risk strategy -- 3.5. Rationale for hedging -- 3.6. Conclusion -- 4. Conventional derivatives: theory and practice -- 4.0. Introduction -- 4.1. Economics of derivatives -- 4.2. Conventional derivative instruments -- 4.3. Conclusion -- 5. Derivatives in Islamic finance -- 5.0. Introduction -- 5.1. Resolutions by standard-setting bodies in Islamic jurisprudence -- 5.2. Theoretical Shari'ah issues -- 5.3. Contractual Shari'ah issues -- 5.4. Contemporary derivatives in Islamic finance -- 5.5. Conclusion -- 6. Permissibility of the underlying variables and the recognition of the contract -- 6.0. Introduction -- 6.1. Permissibility of the underlying variables: interest rate benchmarks -- 6.2. Permissibility of the underlying variables: currency benchmarks -- 6.3. The nature of money in Islam -- 6.4. Recognition of the derivative contract -- 6.5. Conclusion -- 7. Maysir, hedging and derivatives -- 7.0. Introduction -- 7.1. A conceptualisation of Maysir in Islamic and Western thought -- 7.2. Maysir, Gharar and the indeterminacy of the zero-sum prohibition -- 7.3. Investment, speculation and gambling: the environment of risk management -- 7.4. The role of financial intermediaries as speculators -- 7.5. Conclusion -- 8. Conclusion. Financial risk management Islamic countries. Finances Gestion du risque Pays musulmans. BUSINESS & ECONOMICS Finance. bisacsh RELIGION Islam General. bisacsh Financial risk management fast |
| title | Derivatives in Islamic finance : examining the market risk management framework / |
| title_auth | Derivatives in Islamic finance : examining the market risk management framework / |
| title_exact_search | Derivatives in Islamic finance : examining the market risk management framework / |
| title_full | Derivatives in Islamic finance : examining the market risk management framework / Sherif Ayoub. |
| title_fullStr | Derivatives in Islamic finance : examining the market risk management framework / Sherif Ayoub. |
| title_full_unstemmed | Derivatives in Islamic finance : examining the market risk management framework / Sherif Ayoub. |
| title_short | Derivatives in Islamic finance : |
| title_sort | derivatives in islamic finance examining the market risk management framework |
| title_sub | examining the market risk management framework / |
| topic | Financial risk management Islamic countries. Finances Gestion du risque Pays musulmans. BUSINESS & ECONOMICS Finance. bisacsh RELIGION Islam General. bisacsh Financial risk management fast |
| topic_facet | Financial risk management Islamic countries. Finances Gestion du risque Pays musulmans. BUSINESS & ECONOMICS Finance. RELIGION Islam General. Financial risk management Islamic countries Electronic book. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=955676 |
| work_keys_str_mv | AT ayoubsherif derivativesinislamicfinanceexaminingthemarketriskmanagementframework |