ANALISIS HADITH INSTRUMEN LINDUNG NILAI.

The paper discusses the concept of hedging as understood in the financial system for both the conventional and Islamic systems has the same goal, which is to manage risk. Muslim scholars agree that hedging is permissible according to the syara’ as it brings about maslahah and fulfills the maqasid al-shari’ah principles. This article aims to assess the position of hedging according to syara’ and then propose hedging parameters that are consistent with Islamic principles. This study also seeks to evaluate futures as one of the hedging instruments for the determination of compliance in Malaysia with shariah principles based on the proposed hedging parameters. [ABSTRACT FROM AUTHOR]