Gharar

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