Continuation
The
author writes that:
However,
since classical times, Islamic law has leant itself to reconciling commercial
development with religion.
A
wide range of financial transactions were made possible in the Islamic low.
THE
PROHIBITION OF GHARAR AND MAYSIR
Speculative
transactions are deemed to involve a type of unjust increase.
Which
is that increase prohibited by the Quran.
The
underlying motivation is to ensure a fair correspondence between the:
§ expected
benefits;
§ and
obtained benefits
of
both parties of a contract.
From the research
paper of European Central Bank
(Authors:
F.Mauro, P.Caristi, S.Couderc, A.D.Maria,
L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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