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Definition of

gharar

Finance

uncertainty prohibited in Islamic business dealings in Islamic financing, excessive uncertainty in a business transaction of any type. It is one of three prohibitions in Islamic law, the others being maysir and riba.

Definitions of ’gharar’ and meaning of ’gharar’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’gharar’ and other financial terms with our online QFINANCE Financial Dictionary.

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