The 4th part in my talk “Basics of Islamic Finance: What every Muslim should know” addresses:
- How to identify Gharar in business dealings
- How can one distinguish between products that are authentically Islamic and others that are just using the word “Islamic” for marketing purposes?
Subhan Allah. That was a very good point about the security gaurd. Very similar to insurance, paying for a service but not sure to what extent it will be used. Yet, you are made privy to the extent of the service.