An overview of the lecture on “Understanding Gharar in Financial Transactions and Investment”

  Date: 2 June 2022 Day: Thursday Time: 12 Noon (Kuwait time) Speaker: Dr. Habibur Rahman, Senior Lecturer…

 

  • Date: 2 June 2022
  • Day: Thursday
  • Time: 12 Noon (Kuwait time)
  • Speaker: Dr. Habibur Rahman, Senior Lecturer at the Faculty of Business and Management, Universiti Sultan Zainal Abidin, Malaysia
  • Organizer: Islamic Econmics Association, Faculty of Shariah and Islamic Studies, Kuwait University
  • Web: https://shariaa.org

……………………………………………………………………………………………

Introduction:

Islamic Economics Association at the Faculty of Shariah and Islamic Studies, Kuwait University is continuously constructing various types of events and lectures to promote Islamic Finance framework, strategies and standards. In regard to that the lecture on “Understanding Gharar in Financial Transactions and Investment” was held on 2 June 2022. Dr. Mohammad Mohiuddin, the Moderator of the session started the session and briefly introduced the Association and the speaker to all participants. The speaker Dr. Habibur Rahman addressed the background of the topic of the lecture at the beginning and mentioned the content of the lecture. Then the lecturer discussed briefly about Gharar in Islam as the Gharar is one of the major prohibited elements in financial transactions.

Keywords: Islamic Finance. Gharar. Riba. Fahish. Jahalah.

Objectives:

The objectives of the lecture are:

  1. Assisting the researchers, professionals and students to understand the Gharar and it’s various forms.
  2. Introducing the types and classifications of Gharar.
  3. Helping the attendees to know the difference between Gharar and Jahalah.
  4. Addressing the classicial and contemporary applications of Gharar.

Discussions:

Dr. Habibur Rahman addressed the topic excellently starting from the proper explanation of the definition and types of Gharar; the difference between Gharar and Jahalah. Then Dr. Habib discussed the following points with well explanation:

1. Proper understanding and essence of Gharar.

2. The Shariah stance about Gharar in financial transactions and business.

3. The difference between Gharar and Jahalah.

4. Various types of Gharar.

5. Numerious forms of Gharar.

6. The classical and contemporary applications of Gharar.

Link:

https://www.youtube.com/watch?v=6Hn9bFIPwkk

May Allah accept all our good deeds and services.

Prepared by:

Dr. Mohammad Mohiuddin

Moderator of the session

اترك تعليقاً