RT Journal Article SR Electronic T1 Risk Management and Islamic Finance JF The Journal of Investing FD Institutional Investor Journals SP 96 OP 104 DO 10.3905/joi.2008.710924 VO 17 IS 3 A1 Wafica Ghoul YR 2008 UL https://pm-research.com/content/17/3/96.abstract AB This article focuses on the risk management aspects of Islamic finance. It aims to explain the aspects of conventional derivative instruments that are objectionable in Islamic Sharia'h, and what Islamic finance proposes as alternatives for risk management. As of today, very few derivative instruments have been unanimously accepted by Muslim scholars around the globe. The field of Islamic risk management is a fertile ground for major innovations. This article surveys recent Islamic derivative products that have been developed and publicized. Unfortunately, many are designed for private clients and never come to be announced; the challenges facing this domain are discussed.TOPICS: Risk management, derivatives, global markets