Speculation: the Islamic perspective; a study on Al-Maisir (gambling)

Speculation is ineluctable. Every business transaction, including ancient barter systems, involves, to a certain extent, some aspect of speculative judgement due to human nature's striving for a better future. This article discusses the Islamic perspective on speculation with a special focus on...

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Bibliographic Details
Main Authors: Salamon, Hussin, Ebrahimi, Mansoureh, Yusoff, Kamaruzaman
Format: Article
Language:English
Published: MCSER-Mediterranean Center of Social and Educational research 2015
Subjects:
Online Access:http://eprints.utm.my/56054/
http://eprints.utm.my/56054/
http://eprints.utm.my/56054/
http://eprints.utm.my/56054/1/HussinSalamon2015_SpeculationTheIslamicPerspectiveaStudyonAlMaisir.pdf
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Summary:Speculation is ineluctable. Every business transaction, including ancient barter systems, involves, to a certain extent, some aspect of speculative judgement due to human nature's striving for a better future. This article discusses the Islamic perspective on speculation with a special focus on the stock exchange. In particular, Al-Maisir (gambling) is examined in order to clarify the matter for readers interested in the subject.