Islamic justification of foreign exchange options contract as a tool of risk management

• Main Authors: Azlin Alisa, Ahmad, Mustafa' Afifi, Ab. Halim, Nadhirah, Nordin
• Format: Article
• Language: English
• Published: 2015
• Subjects: BP Islam. Bahaism. Theosophy, etc; HD28 Management. Industrial Management
• Online Access: http://eprints.unisza.edu.my/5192/1/FH02-FKI-17-09405.pdf; http://eprints.unisza.edu.my/5192/
• Institution: Universiti Sultan Zainal Abidin

Foreign Exchange options contract (FX options) is known as an agreement in which a seller (writer) conveys to a buyer (holder) the right but not the obligation to buy or sell a specific quantity of a currency at a specified price on or before a specified date. This should be considered as an efficie...