YANAGA MASAO    Department   Professional Graduate School  , Graduate School of Professional Accountancy    Position   Professor
Research Period	2009～2011
Research Topic	Legal and accounting issues of derivatives in muslim countries
Research Type	KAKENHI Research
Consignor	Japan Society for the Promotion of Science
Research Program Type	Grant-in-Aid for Challenging Exploratory Research
KAKENHI Grant No.	21653007
Representative Person	YANAGA Masao
Details	I tried to find the legal analysis of swaps and options from the shari'a point of view. A possible interpretation for shari'a-compliant options is based on sales contract with advance as well as khiyar al-shart. On the other hand, swap contracts might be shari'a compliant using the concept of bay'-al-tawarruq or wa'd.