islamic finance

Gharar & Gambling In Daily Transactions

Allah s.w.t. prohibits Muslims from consuming property without due rights (bathil). The Prophet s.a.w. also elaborates the meaning of ‘bathil’ with the prohibition of gharar. According to scholars, gharar

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Ruling on Debt Trading in Shariah

“Dayn” means “debt” and “Bai’ ” means sale. “Bai’-al-dain”, therefore, connotes the sale of debt. According to Majalah al-ahkam al-adliyah, no 158 ; Dayn defines

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