The fundamental approach of oil and non-oil future contracts and predecessors from the point of view of Islamic economic jurisprudence

Document Type : Original Article

Authors
1 Ph.D. in Oil and Gas Law, University of Tehran
2 Master's student in financial law, University of Tehran, Tehran, Iran.
Abstract
In the current market and due to the high volatility as well as the existing sanctions against the country of Iran, one of the major concerns of investors in the way of entering the capital market is the fear of unpredictable increase or decrease in prices, therefore, new financial instruments such as contracts Ati and Salaf can be of great help to capitalists in risk management, so in the future writing, it is a library research method by referring to books, magazines and theses along with qualitative description and analysis and content analysis and development. Finally, the interpretation and conclusions of the findings have been made; the author tries to explain the two mentioned contracts and their nature, to the jurisprudential foundations and the perspective of Islamic economics regarding future and forward contracts, and to questions such as whether transactions of this type The results of this research show that all the specifications and conditions of the execution processes of future and predecessor contracts have been determined and standardized by the country's stock exchange and securities organization according to Islamic rules.
Keywords