Gharar
Across
- 2. Maysir is said to have elements of ______
- 5. Ignorance of _____: A sale where the buyer does not know the exact item they are purchasing, leading to significant risk.
- 10. In a normal investment strategy, we hope stock prices will move in a certain direction.
- 11. Excessive uncertainty in contracts
- 13. Due to a lack of knowledge, one party may unfairly ______ another party due to ambiguity in a contract.
- 14. A sale made conditional on a future event, creating uncertainty as to whether the contract will be finalized.
- 17. Which action is problematic from a Shariah perspective in short-sellling?
- 18. Ignorance of ___ involves sale where the broad category of the item is unknown, making it unclear what exactly is being sold.
- 20. Ignorance of ____ are when key characteristics of the item, such as quality or condition, are unknown at the time of sale.
Down
- 1. A problematic form of contract in conventional insurance
- 3. Islamic insurance free from gharar
- 4. A type of sale where the contract is concluded based on physical action, rather than clear mutual agreement.
- 6. Advance sale contract exempted from gharar issue
- 7. A type of 'selling' or investment strategy where instead of hoping for prices to rise, the opposite is true
- 8. I will sell you a motor vehicle for BND10,000; this is an example of ignorance of _____.
- 9. Which school of jurisprudence is largely prevalent in South East Asia?
- 12. Gambling or speculation
- 15. A marketplace where there is uncertainty but allowed in Islamic finance with conditions
- 16. To avoid issues of gharar, Islamic insurance uses this concept. Also known as tabarru.
- 19. A term where jurists exerts effort & pursue a decision if the matter is silent in the Qur'an and Hadith.