PhD Student in Financial Law, University of Science, Research and Technology
Abstract
In financial economics, derivatives mean a set of Instruments that have common characteristics. This term refers to all instruments traded in the market and out of the market that are related to the trading of securities, currencies, interest rates, commodities, etc. Today, the use of Currency derivatives as one of the financial tools has a key role in managing the foreign exchange market. One of the most important things about derivatives is the laws that govern them in different countries. The purpose of this study is to investigate the legal system governing derivative instruments. This study is a descriptive review and the data collection method is library method. The results of the research show that the legal system of derivatives in Iran is initially affected by the issue of risk and its meaning in Islam. In fact, although the use of new tools of Islamic derivatives in Islamic financial institutions is increasing, but still differences of juridical views along with the difficulty of separating the purposes of risk coverage and speculation in the use of these tools, are among the most important challenges in developing these tools and new products. It needs more research and reflection in this field.
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Javadi Mofrad,B. (2021). The Legal System Governing Derivative instruments. International Journal of Financial Technology Perspective, 2(3), 57-72.
MLA
Javadi Mofrad,B. . "The Legal System Governing Derivative instruments", International Journal of Financial Technology Perspective, 2, 3, 2021, 57-72.
HARVARD
Javadi Mofrad B. (2021). 'The Legal System Governing Derivative instruments', International Journal of Financial Technology Perspective, 2(3), pp. 57-72.
CHICAGO
B. Javadi Mofrad, "The Legal System Governing Derivative instruments," International Journal of Financial Technology Perspective, 2 3 (2021): 57-72,
VANCOUVER
Javadi Mofrad B. The Legal System Governing Derivative instruments. IJFTP, 2021; 2(3): 57-72.
