Analisis Kesesuaian Instrumen Hedge Konvensional terhadap Prinsip Syarih
DOI:
https://doi.org/10.47945/tasamuh.v11i1.172Keywords:
Hedge, Finance Syariah, Investation, TabarruAbstract
International finance is one of the areas that starts to attract attention of Islamic financial experts. In a more globalized market, Islamic banks need to be more exposed into international market in order to facilitate export-import transactions. Consequently, the Islamic banks are dealing with exchange rate risk higher than earlier. In the conventional counterpart, the risk can be minimized through hedging instruments; thus, gaining a higher level of operational efficiency. In an absence of such instruments, this paper offers possible mechanisms that could be beneficial for further development of so-called “Islamic hedge-mechanism”.One of the offers is how mudharabah or musharakah contract can be used to construct an Islamically acceptable hedge instruments.
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