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

Explanation

• Ijtihad is the process of qualified juristic reasoning used to derive Islamic legal rulings for issues requiring scholarly assessment.
• A qualified Mujtahid needs sound knowledge of the Qur’an and Sunnah, the primary sources of Islamic law.
• Knowledge of Usul al-Fiqh (principles of Islamic jurisprudence) is essential for applying legal methods correctly.
• The scholar must understand Arabic, relevant scholarly interpretations, and the circumstances of the issue being assessed.

Last verified on 19-10-2026

Explanation

There are four fundamental sources of Islamic law:

1. The Qur’an: The primary source of Islamic law, containing Allah’s revelations and fundamental principles for human life.
2. Sunnah: The sayings, actions, and approvals of Prophet Muhammad (PBUH), which explain and clarify the Qur’an.
3. Ijma‘ (Consensus): The agreement of qualified Muslim scholars on a legal issue.
4. Qiyas (Analogical Reasoning): Applying an established ruling to a new issue because both share the same effective cause (‘Illah)

Last verified on 19-10-2026

Explanation

• Mudarabah: A Sharia-compliant profit-sharing partnership.
• Customer/Business: Uses the funds for a Sharia-compliant business.
• Profit: Shared according to a pre-agreed ratio.
• Purpose: Investment in lawful economic activities..

Explanation

• Law of Inheritance in Islamic Jurisprudence: Ilm-ul-Faraid (علمُ الفرائض)
• Also called: Faraid (فرائض)
• Meaning: Islamic law governing inheritance and the distribution of property