Islamic Art is a product of certain forceful factors that created a cultural milieu which was centred on the religious ethos and intellectual affinities inspired by Islam and its followers. No art can grow in isolation and nor did Islamic art. From its early manifestations to this date, it has taken from other cultural traditions and has also given to different social structures and visual lang…
This study addresses the derivatives instruments in Islamic finance and highlights their benefits and legal aspects. It also discusses the forward, futures and options contracts in commodity markets. Arguments both in favour of and against these instruments are addressed and several alternatives are examined as well.