AAOIFI Shariah Standards
Sale of Commodities in Organized Markets : Scope & Shariah Ruling
This Standard covers international sales contracts whose subject-matter are commodities and to derivatives of various kinds: Swaps, Indexes, Futures and Options.
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The Standard does not cover financial and commercial paper or currencies, because these have their own specific standards, just as it does not cover sales that are concluded outside the organized markets.
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