An Article Review on Islamic Derivatives: Theory and Practice, Global Islamic Finance Report (GIFR) 2010

Abstract

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.