:

22 : 22 2102

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( -)
Dadene2004@yahoo.fr

( -)
Bousbiarabie@gmail.com

1 : .
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8002

.
3691
.


.




.8033 8002

Abstract
Appeared Islamic finance in recent years, especially after the global financial crisis of 2008, as safe havens for
decision-makers of the global financial, contributing Islamic Finance in presenting many ideas and solutions to be taken
to avoid such crises that hit the global economy and re-raised debates on assumptions of economic theories on the one
hand and impose itself as one of the alternative economic systems Bartkazha at the principles and values of the Islamic
religion, on the other.
Islamic banking institutions have seen since its appearance in 1963, many of the developments and challenges
faced in terms of providing Islamic financial products, or in terms of hedging against financial risks. Thus, these
institutions add to the difficulties faced by traditional financial institutions are bound to apply the sum of the principles
of Islamic law on the ground is one of the challenges facing the makers of the Islamic financial sector, where it needs to
take into account the financial instruments traded on the one hand, and adapt these tools and the requirements of Islamic
law on the other.
This study was to shed light on Islamic Finance Engineering through the study of one of its most important tools
of financial options, in order to highlight the role of this tool in controlling the risks of financial portfolios through its
coverage against the risks non-regular, in particular, The study, then in addition to its dependence on the practical
application using options to hedge, they discuss the issue of financial options in terms of air-conditioning doctrinal tools
to handle this in addition to present an alternative to the interest rate used in calculating the purchase options Qatari
banking sector during the period from early 2007 until 2011 .

:


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(
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.8033/38/13 .
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- Finnerty, J.D, Financial engineering in corporate finance: An overview, Financial management, vol. 17, no. 4, 1988,
P56-59.
4
26 . 2002

- Zamir Iqbal, Financial Engineering in Islamic Finance, Thunderbird International Business Review, Vol. 41(4/5)5
41-560 (July-October 1999), John Wiley & Sons, Inc , 1999, P544

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- Hans Visser, Islamic Finance:Principles and Practice, The Lypiatts, UK, 2009, P70.
-Muhammad al-Bashir Muhammad al-Amine, Risk Management in Islamic Finance (An Analysis of Derivatives

6
7

Instruments in Commodity Markets), Brill, The Netherlands, 2008, P222.

8
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- Yacin Jerbi, Evaluation des options et gestion des risques financiers par les rseaux de neurones et par les modles a
volatilit stochastique, Thse de doctorat, universit de Sfax, Tunisie, 2006, P61.

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:
1

- Finnerty, J.D, Financial engineering in corporate finance: An overview, Financial management,

vol. 17, no. 4, 1988, P56-59.

2

. 2002 26 3

- Zamir Iqbal, Financial Engineering in Islamic Finance, Thunderbird International Business Review, Vol. 41(4/5)5

41-560 (July-October 1999), John Wiley & Sons, Inc , 1999, P544
4

- Hans Visser, Islamic Finance:Principles and Practice, The Lypiatts, UK, 2009, P70.

-Muhammad al-Bashir Muhammad al-Amine, Risk Management in Islamic Finance (An Analysis of Derivatives

Instruments in Commodity Markets), Brill, The Netherlands, 2008, P222.

.1 - 6
266. 1986 , , , , - 7
.) ( 1985 / 5 : 234 231 - 8
9

- Yacin Jerbi, Evaluation des options et gestion des risques financiers par les rseaux de neurones et par les modles a

volatilit stochastique, Thse de doctorat, universit de Sfax, Tunisie, 2006, P61.

10

-Jacqueline Clarke &Davin Clarke, Options Made, John Wiley & Sons, AustraliaSimple,2012 , P51.
: 2111 - 11
http://www.qe.com.qa/pps/qe/qe%20arabic%20portal/Pages/Investor%20Corner/QE%20Publications.
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