Islamic justification of derivative instruments

This article outlines the key necessary elements of options and futures contracts for Iranian economy and it briefly addresses the jurisprudential justification of these financial instruments from the Islamic point of view.The new financial instruments that recently came into the investment vocabulary are complicated and will be explicitly analyzed. The first part of the article includes the Islamic justification of futures contracts and the other part seeks to provide Islamic justification of options contrcts._x000D_ (Abstract provided by journal/author; www.islamic-finance.net)