- Islamic Economics
Fulfilling Qurban While in Debt: Is It Possible?
Qurban is one of the acts of worship in Islam that has many pearls of wisdom and benefits. In qurban, we provide the pleasure of eating meat to those who rarely experience it and follow the example of Prophet Ibrahim (peace be upon him). However, there are some Muslims who have the intention to qurban but take on debt, either…
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Definition of Gharar and Examples of Gharar in Transactions
In the realm of Sharia-compliant business transactions, we approach each deal with utmost caution, ensuring a thorough review of terms and conditions before finalizing any agreement. One of the things that is prohibited in sharia transactions is to contain elements of Gharar. This is because gharar is an element that can cause losses to one party or both, for this…
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