A Comparative Analysis of Muslim Thinker's Opinions in Islamic Financial Engineering

According to evolutions of economics specially in financial area، the experts created Financial Engineering in recent decades in order to coordinate these evolution and developments،which design new instruments in financial area and manage the risk of these instruments. In order to interaction with these evolution، the Islamic economics created one branch of Islamic financial economics as Islamic Financial Engineering. The Islamic Financial Engineering considers not only the maximum efficiency but also the common Ebaheh principle so as to match the instruments with Islam religion in designing the instruments. The most important instruments designed and highly accepted by the Islamic investors are Sakouk and types of it. In this article، the researcher tries not only to introduce and explain the necessity of Financial Engineering، but also the designed instruments in this discipline in detail and does a kind of analysis between ordinary Financial Engineering and Islamic type of it. In this paper، the juridical views about ordinary Financial Engineering and its instruments will be introduced and if possible the designed instruments by the Islamic financial engineers which are being developed daily، will be explained.