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Islamic Finance

  Islamic Finance   |   Terms
  • 271
  • August 25, 2022
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Halal

Anything that is permissible (halal or jaiz) or not impermissible (haram) under shari’ah. It constitutes of the entire set of actions, sayings, contracts, transactions and other dealings that are allowed or deemed permissible by Islamic shari’ah. For example, all transactions that don’t involve riba, excessive gharar (gharar fahish), gambling (qimar and maysir), asymmetric information, and manipulation, among others, are considered by shari’a lawful or permissible (that is, halal- in Arabic script: حلال).


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