Abstract

The global food price spikes of 2008 and 2011 resulted in tens of millions of people being pushed into poverty. The cause of these spikes is diverse, including short, medium and long-term factors. The extent each respectively contributed is a matter of on-going debate. This article will explore the role of speculation and futures markets as one of the causes of the global price spikes. This will be followed by an exploration of the understanding of risk, uncertainty and speculation in Islamic law, and how these elements should be curbed in order to prevent food price spikes.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.