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Basic Prohibitions
Riba (interest) Gharar (uncertainty) Maisir (gambling)
Rationale behind prohibition of Riba (contd.) High debt servicing Inflation along with recession High un-employment Control of Capitalistic countries over poor countries through debt Cause of financial crisis Riba and other factors (Land, Labor)
Islamic Finance, Dr. Waheed Akhter, COMSATS, Lahore 5
Fulfilling the covenants & paying liabilities Mutual cooperation & removal of hardship Free marketing and fair pricing Freedom from dharar (detriment)
Islamic Finance, Dr. Waheed Akhter, COMSATS, Lahore 9