Gharar
- 3 Posts
- 1 Sections
- 1 Types
Maysir or gambling involves games of chance and is forbidden in Islamic finance due to inherent uncertainties and potential harm. Explore its definition, historical context, applicability, related terms, and more.
Riba, or usury, is the practice of making unethical or immoral monetary gains through interest, explicitly prohibited in Islamic finance. It contrasts with Gharar, which pertains to excessive uncertainty and risk.
A thorough examination of Gharar, encompassing its meaning, definition, significance in Islamic finance, and illustrative examples.
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