Open AccessAn Article Review on Islamic Derivatives: Theory and Practice, Global Islamic Finance Report (GIFR) 2010
Author(s) -
Herbi Arfah Renaldi Sumitro
Publication year - 2021
Language(s) - English
Resource type - Journals
ISSN - 2773-5508
DOI - 10.46722/ajif.1.2.21a
Subject(s) - islam , cornerstone , islamic finance , diversification (marketing strategy) , subject (documents) , political science , engineering ethics , sharia , accounting , business , management science , management , public relations , economics , engineering , marketing , computer science , library science , philosophy , art , theology , visual arts
The purpose of the study is to provide a systematically structured article review on a report chapter entitled Islamic Derivatives: Theory and Practice. There is a global trend on the demand of Islamic Capital Market advancement from theoretical paradigm to practical innovative shariah compliant diversification products, therefore, a brief academic review shall be one of the triggering variables to promote more enhanced development of derivatives products which are in accordance with principles of modern practices without excluding the cornerstone of shariah requirements. The review is based on key findings discussion that programmed to envision the general and the specific (significant) terms found in the article. This includes scholarly opinions, fatwas, standards, and guidelines as well as opinion on the subject matters. The study has shown that there is a call for further study to collect global experiences as well as perspectives on Islamic derivatives development.