The role of global capital in relation to human social systems has assumed enormous
proportions in liberalised, deregulated markets. States attempt to nationalise it, financial …

Islamic Banking and Finance (IBF) has become a growing force over the past three decades,
with Pakistan being one of the IBF pioneers by converting to an 'interest-free'banking system …

Purpose–The purpose of this paper is to highlight the possibility of structuring an Islamic
option which includes an element of risk sharing as opposed to risk transfer …

Purpose–The purpose of this paper is to theoretically assess the legal position of the Islamic
doctrine of wa'd (or pledge) in relation to'aqd (within the sphere of Islamic finance), and …

This research considers the practice of wa 'd in Islamic banking products in Malaysia and
Bangladesh and compares between them. It discusses the Shari 'ah issues and other …

Derivative securities and markets continue to proliferate around the world. A large swath of
emerging market countries is largely Muslim and follows sharia precepts, which impose strict …

Wa'd means a unilateral promise which connotes an expression of willingness of a person
or a group of persons on a particular subject matter. In a commercial transaction, a promise …

Conventional methods of hedging, such as the use of put options, have long existed in trade
with their use being justified for managing price risk. However, many Shari'ah scholars find …

Creative Shari 'ah compliance can be defined as compliance with the letter but not the
objectives of Shari 'ah. In recent years, Islamic finance industry practises have come under …

The subject of foreign exchange transactions in the Islamic banking institutions with
particular focus on shariʻah compliance is the central theme of this research. The issue of …