A STUDY OF THE LEGALITY OF THE Futurists(Atis) Form the VIEW POINT OF Islamic Scientists(Scholars)

The purpose of designing the modern financial tools in financial market-place is to improve the risk management and to enhance the capital market efficiency..The Ati''s contract is one of these means.The author of this paper seeks to prove the validity and invalidity of these types of instruments as well as their conformity with the legal agreements and contracts while explaining and identifying their lawful nature as well as offering necessary jurisprudential basics.He also proceeds to present a solution and replacement as indicated by the Atis jurisprudential decrees.