The Islamic finance industry has gained new momentum over the past decade. Despite the recent gloomy economic environment globally, the industry’s total assets scaled new heights in 2009, rising to US$950 billion. Moody’s estimates that the market’s potential is worth at least US$5 trillion and the industry is continuing to expand globally. In this context, Islamic financial institutions are continuing to deliver Shari’ah-compliant returns whilst, at the same time, focusing on efficiently mitigating the associated risks through a new risk management approach, including the use of derivatives.