Dec 14, 2024
One of the key characteristics of gharar is that it aims to prevent “excessive” risk and excessive uncertainty.
However, all business and investment activity invol
Dec 14, 2024
Many of the articles and topics discussed here mention gharar, and how many of the halal investments and assets explored avoid it.
While we’ve generally defined gharar a
Dec 09, 2024
In Islamic Finance, debt, lending and borrowing are governed by the principles laid out by the Qur’an and Sunnah. These principles emphasize justice, fairness, and the prohib
Dec 07, 2024
Financial institutions play a crucial role in today’s financial transactions, offering a range of services. Among the most commonly used services are ATM services. ATM cards
Nov 26, 2024
Over the past few decades, Muslims have been striving to restructure their financial systems in accordance with Islamic law and principles. The conventional financial institutions,
Nov 12, 2024
From the earliest times, people have engaged in the exchange of various commodities through different forms of trade and sale. There are two main types of sales: spot sales and def
Nov 08, 2024
A mortgage is one of the most common financing needs for the average person or household, as home prices usually fall far ahead of the average disposable income. It should then com
Oct 15, 2024
Musawamah is a type of sales contract used in Islamic finance used for trading in goods, assets and commodities, as well as a form of financing of these goods.
It shares many
Oct 12, 2024
Due to the variety of wakalah agreements – Shariah-compliant agency contracts where one party has the authority to act or represent another – these contracts can be bro