Financial engineering and Islamic contracts

"This text is the first of its kind on financial engineering and risk management in Islamic finance. It sets out guidelines for financial engineering from an Islamic perspective. It then goes on to explain the Islamic position on commodity futures, derivatives, options and financial contracting. The text also presents some practical issues concerning futures contracts and how they can be handled from an Islamic perspective. It brings out the different points of view in this respect and reflects the current state of knowledge as well as the challenges that lie ahead for Islamic financial engineers."--BOOK JACKET.