Shariah RFP M1 Practice Questions - MFPC Shariah RFP Module 1 - Fundamentals Of Shariah Financial Planning (Malaysia) Exam

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The prohibition of 'Maysir' in Islamic finance is best described as the prohibition of which of the following activities?

Charging interest on outstanding debt Engaging in speculative trading with high transaction fees Gambling, wagering, or participating in games of chance where gain is offset by another's loss Selling commodities before acquiring ownership

Correct Answer:

Gambling, wagering, or participating in games of chance where gain is offset by another's loss

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