Derivatives, pricing efficiency and gharar: evidence on
embedded options in Malaysia

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Derivatives, pricing efficiency and gharar: evidence on embedded options in Malaysia

Derivatives, despites their extensive usage as risk management tools, receive differing arguments among the Muslim scholars. Focusing on embedded option contracts, the resolution of Islamic Fiqh Academy, Jeddah No (63/1/7) under the financial markets considers the currently applied option contracts...

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Bibliographic Details
Main Author:	Haron, Razali
Format:	Article
Language:	English
Published:	IIUM Institute of Islamic Banking and Finance 2014
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/39550/ http://irep.iium.edu.my/39550/1/47-87-1-SM.pdf

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