Business
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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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What Can We Learn From Prophet Muhammad ﷺ’s Success as An Entrepreneur?
The life of Prophet Muhammad ﷺ is a perfect example of leadership that blends spiritual values with worldly skills. Apart from being a messenger of Allah, he was also an accomplished entrepreneur. In the Islamic view, the values of entrepreneurship can be drawn from various aspects of the Prophet Muhammad ﷺ’s life, ranging from business strategies to ethics in trading. Here…
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