2011 Fiscal Year Final Research Report
Legal and accounting issues of derivatives in muslim countries
| Project/Area Number |
21653007
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Single-year Grants |
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| Research Field |
Civil law
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| Research Institution | University of Tsukuba |
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Principal Investigator |
YANAGA Masao 筑波大学, ビジネスサイエンス系, 教授 (60191144)
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| Project Period (FY) |
2009 – 2011
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| Keywords | デリバティブ / スワップ / オプション / 資産 / 負債 / シャリア |
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| Research Abstract |
I tried to find the legal analysis of swaps and options from the shari'a point of view. A possible interpretation for shari'a-compliant options is based on sales contract with advance as well as khiyar al-shart. On the other hand, swap contracts might be shari'a compliant using the concept of bay'-al-tawarruq or wa'd.
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