The permissible Gharar (Risk) in classical Islamic jurisprudence
Other Title(s)
الغرر المسموح به في الشريعة الإسلامية
Author
al-Saati, Abd al-Rahim Abd al-Hamid Safdar Ali
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 16, Issue 2 (31 Dec. 2003), pp.3-22, 20 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2003-12-31
Country of Publication
Saudi Arabia
No. of Pages
20
Main Subjects
Abstract EN
To know the reason why Gharar (risk or uncertainty) would be tolerated in some transactions, can be the base to modify Gharar-loaded contemporary transactions such as futures and options.
After defining risk uncertainty and Gharar, which are found to be almost the same, we show that the prohibited Gharar is a gambling like transaction.
We look at the permissible Gharar in some transactions and find out that jurists departure from original rule (hukm), that is, the prohibition of Gharar, was justified by “maslahah” which can be considered as particularization of a general ruling (hukm) on the basis of stronger evidence which is either obvious or imbibed.
American Psychological Association (APA)
al-Saati, Abd al-Rahim Abd al-Hamid Safdar Ali. 2003. The permissible Gharar (Risk) in classical Islamic jurisprudence. Journal of King Abdulaziz University : Islamic Economics،Vol. 16, no. 2, pp.3-22.
https://search.emarefa.net/detail/BIM-366474
Modern Language Association (MLA)
al-Saati, Abd al-Rahim Abd al-Hamid Safdar Ali. The permissible Gharar (Risk) in classical Islamic jurisprudence. Journal of King Abdulaziz University : Islamic Economics Vol. 16, no. 2 (2003), pp.3-22.
https://search.emarefa.net/detail/BIM-366474
American Medical Association (AMA)
al-Saati, Abd al-Rahim Abd al-Hamid Safdar Ali. The permissible Gharar (Risk) in classical Islamic jurisprudence. Journal of King Abdulaziz University : Islamic Economics. 2003. Vol. 16, no. 2, pp.3-22.
https://search.emarefa.net/detail/BIM-366474
Data Type
Journal Articles
Language
English
Notes
Includes margin notes.
Record ID
BIM-366474