The Islamic Jurisprudential Feasibility of the Nature of A Contract for Difference (CFD)

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Sohrab Beig Zahra; Kheradmandy Saeid

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Journal: CIVIL JURISPRUDENCE DOCTRINES Year:2021 | Volume:13 | Issue:23 Page(s): 145-172

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Title

The Islamic Jurisprudential Feasibility of the Nature of A Contract for Difference (CFD)

Author(s)

Sohrab Beig Zahra | Kheradmandy Saeid | Issue Writer Certificate

Keywords

CFD Contract for DifferenceQ1

DerivativesQ1

CFDs on commoditiesQ1

Lease contract (Agreement)Q1

Ju'alah contract (Contract of reward)Q2

Sulh contract (Contract of settlement)Q1

Abstract

The growth and development of societies and growth in human needs with development of communication which has resulted the genesis of a specific form of financial and commercial activities which do not face the preceding limitations and with a minimum funds provides to access the maxim profit from all over the world. CFD or a contract for differences is a transaction on the rising and falling of the asset’ s value without delivery or transfer of the owning the underlying asset. This underlying asset can be stock indices, stocks or shares, commodities, bond. One of the most important and most basic is CFD trading on silver, gold, oil and gas. It is obvious that no legal and jurisprudential study has been conducted over this new trade. it will follow ambiguities such as usury, gamble and legal problems like ambiguity in the nature and the type of the contract specially our legal system has been codified based on Imamiyah fiqh. In this research firstly the position of CFD (contract for difference) on commodities have been considered. then it presents a appropriate legal form and strategies to overcome these legal and share'i (Arabic: شرعی) problems. With regard to the civil code and the possibility of the sacred lawgiver in concern to the principle of freedom of contract which has accepted. If the nature of these contracts is interpreted in the form of sulh contract. Not only it resolves the problem of inconsistency with the determined contracts but also the Islamic legal ambiguity have not been created at all.

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APA: Copy

Sohrab Beig, Zahra, & Kheradmandy, Saeid. (2021). The Islamic Jurisprudential Feasibility of the Nature of A Contract for Difference (CFD). CIVIL JURISPRUDENCE DOCTRINES, 13(23 ), 145-172. SID. https://sid.ir/paper/391406/en

Vancouver: Copy

Sohrab Beig Zahra, Kheradmandy Saeid. The Islamic Jurisprudential Feasibility of the Nature of A Contract for Difference (CFD). CIVIL JURISPRUDENCE DOCTRINES[Internet]. 2021;13(23 ):145-172. Available from: https://sid.ir/paper/391406/en

IEEE: Copy

Zahra Sohrab Beig, and Saeid Kheradmandy, “The Islamic Jurisprudential Feasibility of the Nature of A Contract for Difference (CFD),” CIVIL JURISPRUDENCE DOCTRINES, vol. 13, no. 23 , pp. 145–172, 2021, [Online]. Available: https://sid.ir/paper/391406/en

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