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This research investigates the practice of Islamic hedging and discusses the associated Sharīʿah issues. It recommends a revisit of the resolutions issued by some Sharīʿah advisory bodies on Islamic hedging in the light of its findings.
Hedging is an important concept in overall risk management in conventional finance. The need for hedging is also recognised in Islamic finance, although hedging strategies in Islamic finance are different from those of conventional finance in the sense that they…