Revisiting the principles of Gharar (uncertainty) in Islamic banking financing instruments with special reference to bay al-inah and bay al-dayn- towards a new modified model
One of the significant features of Islamic banking is the elimination of riba and gharar. However many problems arise in some of Islamic banking financing instruments when they are claimed to contain significant elements of gharar thus held unacceptable in certain Muslim countries. Among these instr...
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| Format: | Article |
| Language: | English |
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Publishing India Group
2012
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| Online Access: | http://irep.iium.edu.my/26482/ http://irep.iium.edu.my/26482/ http://irep.iium.edu.my/26482/1/Revisiting_the_principles_of_Gharar.pdf |