At least some in the Islamic finance industry use derivatives and make short sales, and permissibility of this is a subject of "heated debate". Global standards for trading Islamic profit-rate and currency swap derivatives were set in 2010 with the "Hedging Master Agreement"iran-daily.com| (click on "Islamic Derivatives Standards Set")| 2 March 2010 (see below). A "Shariah-certified" short-sale had been created by some Shariah-compliant hedge funds. However both have been criticized as un-Islamic.
At least some in the Islamic finance industry use derivatives and make short sales and permissibility of this is a subject of "heated debate" Global standards for trading Islamic profit-rate and currency swap derivatives were set in 2010 with the "Hedging Master Agreement"iran-dailycom| (click on "Islamic Derivatives Standards Set")| 2 March 2010 (see below) A "Shariah-certified" short-sale had been created by some Shariah-compliant hedge funds However both have been criticized as un-Islamic