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        1 - Inflation swaps, instruments to hedge inflation risk (review of compliance with Islamic finance)
        Ali Rahneshin
        Swaps are most important derivatives in the world's derivatives market. Inflation swaps due to inflationary conditions in Iran can be useful instruments to hedge inflation for business parties. Inflation swaps are some kind of future cash flow swaps and in islamic finan More
        Swaps are most important derivatives in the world's derivatives market. Inflation swaps due to inflationary conditions in Iran can be useful instruments to hedge inflation for business parties. Inflation swaps are some kind of future cash flow swaps and in islamic finance are with doubts of gharar, usury and gambling. Solution to this problem is the use of real assets in cash flow. Periodic murabahah contract is an alternative that used by Muslim scholars for interest rate swap. This contract can also be considered an alternative to the inflation swaps. In this article to improve this solution, we propose the combinated contract of Murabahah and Leasing. This method have no any doubts and is an efficient method to create different types of future cash flow swaps such as inflation swaps. Manuscript profile