The Money that Prays
Jeremy Harding: Sharia Finance, 30 April 2009
“... was still in the body of the mare. Even the benign, textbook version of the forward contract – a farmer and a miller agreeing a grain price ahead of the harvest – brings a sense of uneasiness.The concept of gharar doesn’t just apply to goods whose status is in doubt, but to bargains whose terms are ambiguous and contracting parties whose liability is ... ”