MAISIR AND QIMAR IN CONTEMPORARY SOCIETY A number of pompous verify schemes/ products and financial transactions contain the element of Maisir and Qimar. Maisir subject matter deprivation something worthful without paying an equivalent compensation or with no effort, or without undertaking any liability against it, by management of a game of bechance. On the other hand. Qimar elbow room receipt of money, benefit at the cost of others or by resorting to chance. play is a assortment of Gharar and at the same epoch form of Qimar because the gambler is ignorant of the result of the gamble. According to Moslem Jurisprudence, the purchaser who buy an exhibition ticket with intention to profit the awarding will be a sinner as the system of its distribution resembles play. Options contracts and present futures that argon rooted with toll differences only are considered gambling. Another example is a draft in which coupons are distributed and incentives are provided by an suspicious and forged event depending on chance. Webster dictionary defines lottery as a distribution of prizes by lots or chance. Practically, a number of forms of lottery are predominant and bulk of them are forbidden from Islamic Jurisprudence point of view. . In Islam, maisir or gambling is forbidden (Arabic: haram).

The Quran, chapter 2 (Al-Baqara), poetize 219: In them is great vilify, and a benefit for mankind; but their harm is greater than their benefit - translated by Abdullah Yusuf Ali In a afterwards verse of the Quran it was further revealed that intoxicants and games of chance inclu ding Maisir were abominations of Satans hand! iwork, intended to run throng away from God and forget about prayer, indeed Muslims were uniform to abstain (5:90-91). This is the verse revealed concerning alcoholic drink and gambling which is the basis for its menacing in Islam. It is also the second verse in which alcohol and gambling are mentioned together with interchangeable regard. The only forms of gambling that the...If you want to get a in full essay, order it on our website:
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