Literature study on sharia mathematical finance

Abstract

This study purpose to discuss sharia mathematical finance literature. Based on IFCI report, Islamic banking and finance are growing in popularity and will continue growing in the future. Hence, it is important to continue to develop our knowledge in this regard. There several Islamic financial instruments that we discuss from previous studies in this paper, those are profit-loss sharing, shariah insurance, sukuk, and Islamic option. We focus on studying them mathematically or what can be mathematically made to inspire our research in the future.