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8.10.09

The Question of an Islamic Futures Market

This short piece is a followup on our previous posting on Islamic futures contracts, in this case we have an argument comparing/contrasting salam with istisna. The author goes on to highlight in the discussion whether there is a "need for a more up-to-date ijtihad to develop an Islamic futures market capable of capturing the merits of modern future markets and avoiding their demerits."

The Question of an Islamic Futures Market
(Apologies, original link is broken!)
Seif I. Tag El-Din
Markfield Institute of Higher Education, Leicester
IIUM Journal of Economics and Management 12, no.1
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