A forward contract is an agreement between two counter parties to buy or sell at a specified future time an asset for a certain price (the delivery price). The party that agrees to buy the underlying asset assumes a long position on the contract; the other party assumes a short position and consents to sell the asset on the same future date for the same delivery price. For further details see: GLOBAL DERIVATIVES: Products, Theory and Practice.

Total Fatwas : 1
No. Title
1 Forward Foreign Currency Transaction





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