About this document
Understanding Gharar in Islamic Finance by nadeemuzair is a document available to read on EtoBox.
The document defines and explains the Islamic concept of gharar, which refers to excessive uncertainty or risk in a business transaction. It notes that while some degree of uncertainty is acceptable, transactions involving injustice, hazard, deceit or undue advantage through uncertainty are forbidden. Hadith are cited which prohibit certain transactions seen as involving gambling rather than trade, such as future sales. The document discusses how scholars evaluate whether the level of uncertainty invalidate
- Author
- nadeemuzair
- Language
- EN