Islamic education
Transactions (Muamalat)
Halal trade, contracts, and forbidden earnings.
Islamic commercial law forbids ribā (interest), gharar (excessive uncertainty), and unjust exploitation. Contracts require offer, acceptance, and permissible subject matter.
Prohibited earnings
- Ribā on loans/deposits
- Gambling (maysir)
- Bribery
- Selling what you do not own (without permission)
Permissible frameworks
- Murābaḥah, ijārah, mushārakah in modern finance — must follow sharī‘ah boards
- Clear prices, no hidden defects