ISRA a research body of BNM is reportedly is doing its research in order to come out with a proposed permissible regulated Islamic derivatives. This is believed is an extension from the former Chairman of the Shariah Advisory Council open interview in the Malaysian Reserve last year that Malaysia can have Islamic derivatives.
Bearing in mind a non Muslim view that the conventional derivatives is a weapon of financial mass destruction as said by Warren Buffet US in a Financial Times UK publication. Derivatives according to the FT that caused the global financial crisis that leads to the collapse of Lehman bros and Goldman sachs.
Merely saying that our proposed Malaysian Islamic Derivatives will be a well regulated one is a bit illogical as we are implying that the US derivatives industry are not well regulated even though the very basic mechanism of derivatives is a known fact that it works likes gambling.
Wanted to know more--let us have an In House training at your institutions at negotiable fees by e mailing me at isikcorpadv@gmail.com
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