JURISPRUDENTIAL AND LEGAL REVIEW OF TRANSACTIONS AND COMPARING IT TO SALE'S PREDECESSOR AND SELLING CREDIT TO CREDIT

Derivatives are one of the new financial tools designed to control the risk of fluctuations in prices, "Future Agreements" are a widely used form of derivatives, these contracts are stock-driven and standardized, The existence of specific rules of the stock exchange and its standards, and the room for payment, and the guarantee of the form, have reduced the investor's concern and welcomed it. The official use of futures contracts has begun in accordance with the Securities Market Act in 1384, but these new contracts, which are the primary source of the West in Muslim countries, should also be examined in terms of Islamic rules and standards. According to the definition of future contracts, two important questions arise in the minds of the first in terms of credibility and, secondly, the legal form of these contracts, which in this paper addresses the first question, legal and juridical validity, when we consider the definition of future contracts, the defects Including: the lack of intent, the intent to be proven, the departure of its proprietary philosophy, its illegitimate use, its propriety and gambling. In the present article, the future contracts will be described and explained, and then the proposed question will be considered and the deficiencies will be announced and the forthcoming contracts will be announced. In addition to the arguments put forward to reject the objections, the universality of the laws of Islam and the main goal of religion, which is to facilitate human life, must be carefully considered, and the widespread use and rationality of the new contracts should be considered among the people. Key words: Futures, Stock Exchanges. Derivatives