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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Definition of the sale involving gharar (excessive uncertainty in a contract)

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Question:
This is Ya'qub. He says: I am reading in some books of Islamic jurisprudence, and I came across this issue regarding the ruling on the sale involving gharar (excessive uncertainty in a contract), and what is its description?

Answer:
The sale involving gharar (excessive uncertainty in a contract) means deceiving the customer by not disclosing the defects of the goods, or by telling him, "I bought it for such-and-such," when he is lying. He wants to raise the price for him and sell it for the amount he claims to have paid for it. This is a type of gharar (excessive uncertainty in a contract) that justifies the rescission of the contract for the one who is subjected to it. Yes.
Source نور على الدرب - الفوزان - 03/027 — archive.org (13:41)

The Arabic text is a machine transcription of the audio recording.

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