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History of Islamic Public Finance: Gharar and Risk Aversion
2012The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a highly unique reference tool relating to key issues surrounding sukuk markets, which are found in
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Uncertainty or ‘gharar’ in contracts under the Islamic ethical code
2015Said Elfakhani, Yusuf M. Sidani
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GHARAR PERSPECTIVE ON ELECTRONIC MONEY: A LITERATURE REVIEW
International Journal of Business Management and Economic ReviewIn today's rapidly evolving digital landscape, money as a means of payment has also undergone digitalization, transitioning from physical forms (coins and paper) to digital forms (electronic). Electronic money offers practicality in transactions using electronic devices such as smartphones.
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Principles of Islamic Finance: Prohibition of Riba, Gharar and Maysir
2015Islamic finance, a complete rule based financial system, fundamentals of which are originated from revealed verses of the Holy Quran considered direct ordinance from the God and the practices of Prophet Muhammad (PBUH) commonly known as ahadith. Although the concept of Islamic finance is as old as the religion itself but in the Middle Ages Muslims ...
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BPJS Insurance: Untangling the Knots of Gharar and Riba Contracts
Jurnal Kajian IslamBPJS insurance is often in the public spotlight regarding its halal-haram status from an Islamic law perspective, this occurs because of the uncertainty or clarity in the management of BPJS insurance. This study aims to examine the contracts in BPJS insurance, especially regarding the elements of usury and gharar, this study also attempts to provide a ...
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A Post‐Keynesian perspective on Islamic prohibition of Gharar
International Journal of Islamic and Middle Eastern Finance and Management, 2013Yasushi Suzuki
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