Islamic option is a contract of promise to buy or sell an asset at a predetermined price within a stipulated period of time.

Name: Islamic option is a contract of promise to buy or sell an asset at a predetermined price within a stipulated period of time.
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Question

Quizplus · Accepted Answer

Islamic options, also known as "arbun", are indeed contracts that allow the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified period, in compliance with Islamic finance principles.

Islamic Option Is a Contract of Promise to Buy or Sell