Revisiting the principles of Gharar (uncertainty) in Islamic banking financing instruments with special reference to bay al-inah and bay al-dayn- towards a new modified model

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Revisiting the principles of Gharar (uncertainty) in Islamic banking financing instruments with special reference to bay al-inah and bay al-dayn- towards a new modified model

One of the significant features of Islamic banking is the elimination of riba and gharar. However many problems arise in some of Islamic banking financing instruments when they are claimed to contain significant elements of gharar thus held unacceptable in certain Muslim countries. Among these instr...

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Bibliographic Details
Main Author:	Razali, Siti Salwani
Format:	Article
Language:	English
Published:	Publishing India Group 2012
Subjects:	BP173.75 Islam and economics HG1501 Banking
Online Access:	http://irep.iium.edu.my/26482/ http://irep.iium.edu.my/26482/1/Revisiting_the_principles_of_Gharar.pdf

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