Causes of the Prohibition of Forbidden Financial Transactions in Islamic Sacred Law
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The original ruling for transactions is permissibility and lawfulness, as stated in the principle of Islamic jurisprudence. But, O Shaykh, what are the causes of the prohibition of financial transactions in Islamic sacred law, by which the independent legal reasoning scholar reaches the ruling that a specific transaction is religiously forbidden?
This revolves around three things: Oppression, excessive uncertainty in a contract, and usury or interest; they all revolve around these three.
Oppression: For example, deception, excessive uncertainty in a contract such as selling the unknown, and usury or interest such as selling one dirham for two dirhams. This is the basis of prohibition in transactions, meaning it revolves around these three principles, and then each specific detail is applied to these principles.
This revolves around three things: Oppression, excessive uncertainty in a contract, and usury or interest; they all revolve around these three.
Oppression: For example, deception, excessive uncertainty in a contract such as selling the unknown, and usury or interest such as selling one dirham for two dirhams. This is the basis of prohibition in transactions, meaning it revolves around these three principles, and then each specific detail is applied to these principles.