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ISRA to draft rules on Shariah derivatives

Posted on 23 February 2011

From Cpifinancial.net: The Kuala Lumpur-based International Shari’ah Research Academy for Islamic Finance (ISRA) is drafting rules to regulate the use of derivatives in order to boost risk management in Islamic finance
The proposed guidelines may help the industry to develop Shari’ah-compliant hedging tools. Backed by Bank Negara Malaysia, ISRA aims to prescribe the boundaries that Islamic institutions are required to observe to ensure that the usage of derivatives complies with Islam’s ban on gambling……………………………………….Full Article: Source

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