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International Journal of Islamic Financial Services. Discussion forumI Islamic Financial Derivatives. Examining the role of innovation in the industry. Its the only way to keep track of what youre doing so you can improve. As options is a type of derivatives that derives its value depend on the value of its underlying, thus the underlying asset for foreign exchange option is currency. This activity is totally contradict with shariah principles. Vol 1, no. This study is non empirical in nature and it use descriptive method in order to discuss and gives a clearer picture about option contract in Islamic perspectives.
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