In the Name of Allah, the Merciful and Mercy-Giving
The Total Returns Swap and the
"Shariah Conversion Technology" Stratagem
By Yusuf Talal DeLorenzo
Summary
This study will look at Islamic values in financial decision-making by considering
whether or not Shariah Supervisory Boards will approve any financial product that is
delivered by ostensibly halal means, even if what is delivered by those means, the end
product, is derived from non-compliant investments. This may be characterized as a
quasi-philosophical question about means and ends. Yet, it is one that carries a myriad
of practical implications and far-reaching ramifications for the growing Islamic
financial industry.
This is a case study, and not a theoretical study. The focus of the study is a particular
means or process for the development of products sometimes called "Shariah
Conversion Technology". The reason for writing this paper is to draw the attention of
scholars and industry experts to the......

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Title: Shariah And Swaps (Islamic Finance)
Approximate Word Count: 6395
Approximate Pages: 26 (250 words per double-spaced page)

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