The three main instruments of Islamic swap that have been structured in a manner that complies with the precepts of the Sharī'ah are:

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Islamic swaps typically involve instruments that allow for the exchange of cash flows between parties in a manner that complies with Islamic finance principles. The three main types are FX swap, cross currency swap, and profit rate swap. These swaps are structured to avoid interest (Riba) and to ensure that all transactions are backed by tangible assets or services, in line with Shariah law.

The Three Main Instruments of Islamic Swap That Have Been