IFMP Islamic Finance Certification (IFC), Pakistan Practice Questions - IFMP Islamic Finance Certification (IFC), Pakistan Exam

Gharar in Islamic commercial law most closely refers to:

Excessive uncertainty or ambiguity that undermines a valid contract Any form of partnership between two or more parties A mandatory charity levy on all bank deposits Government price controls on listed equities

Correct Answer:

Excessive uncertainty or ambiguity that undermines a valid contract

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