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Banking law (Islamic law). --- Interest (Islamic law). --- Risk (Islamic law). --- Sales (Islamic law).

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Legal instruments (Islamic law) --- Sales (Islamic law) --- Actes instrumentaires (Droit islamique) --- Vente --- Droit islamique

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Banking law (Islamic law). --- Contracts (Islamic law). --- Interest (Islamic law). --- Risk (Islamic law). --- Sales (Islamic law). --- Speculation (Islamic law).

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This study addresses derivatives instruments in Islamic finance. It highlights the benefits of these instruments, their legal aspects and the appropriate alternatives. The forward, futures and options contracts in commodity markets are discussed and the arguments in favour of and against these instruments examined. The forward contracts issue includes the possibility of trading gold in forward basis, the forward market for currencies and the possible alternative to manage related risks. With the examination of futures contracts, the main arguments against such a contract are addressed, for example the sale prior to taking possession and the sale of debt hedging and speculation. The study proposes khiyar al-shart and bay al-arbun as tools of risk management and alternatives to options. The sale of pure rights is at the center of the admissibility of options in Islamic law and is investigated comprehensively.

Commodity exchanges --- Finance (Islamic law) --- Option (Contract law, Islamic) --- Risk management --- Sales (Islamic law) --- Trade regulation --- Islamic law --- Contracts (Islamic law) --- Insurance --- Management --- Commodities exchange --- Commodity markets --- Exchanges, Commodity --- Exchanges, Produce --- Produce exchanges --- Futures market --- Commercial products --- Produce trade --- Speculation --- Islam. --- Law and legislation. --- Option (Contract) (Islamic law)