Explanation

• Riba refers to prohibited interest or usurious gain in Islamic financial transactions.
• The Quran explicitly prohibits Riba.
• Islamic finance uses Shariah-compliant arrangements instead of interest-based lending.

Last verified on 09-11-2026

Explanation

• Qiyas means analogical reasoning in Islamic jurisprudence.
• It applies an established ruling to a new case because both share the same effective cause.
• The original case, new case, ruling and effective cause are its main elements.

Last verified on 09-11-2026

Explanation

• Asbab al-Nuzul means the occasions or circumstances of revelation.
• It explains the historical context of particular Quranic verses.
• It helps readers understand the context and meaning of revelation.

Last verified on 09-11-2026

Explanation

• A land tax imposed on non-Muslim cultivators and landlords was known as Kharaj
• Non-Muslim subjects paid kharaj on their lands;
• Muslim landowners generally paid 'ushr

Additional information:

• Jizyah: Personal tax on eligible non-Muslim adult males
• Khums: One-fifth (20%) of war booty and certain other specified gains
• Zakat: 2.5% annual tax on eligible Muslim wealth
• Ushr: One-tenth (10%) of agricultural produce from naturally irrigated Muslim-owned land

Last updated 08 Nov 2026 by NA

Explanation

• Maysir refers to gambling or games of chance in which wealth is gained at another party’s expense through wagering.
• The Qur’an explicitly prohibits Maysir in Surah Al-Ma’idah (5:90), alongside intoxicants and other prohibited practices.
• Lotteries and gambling-based transactions are common examples of Maysir because they involve wagering and the uncertain transfer of wealth.

Additional information:

• Gharar refers to excessive uncertainty or ambiguity in a contract that can lead to disputes or unfairness.
• Riba refers to prohibited interest or usurious gain in Islamic law.

Last verified on 19-10-2026