Gharar

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