Avoiding risk with zero profit in business activities is not allowed in Islam because this is equivalent to interest riba. from loans.
Correct Answer:
Verified
Q6: Unlike their conventional counterparts, Islamic banks are
Q7: The Islamic banks and financial institutions have
Q8: The criterion of legality of any return
Q9: There is no need for special guiding
Q10: Despite the fact that excessive risk is
Q12: In addition to the risks faced by
Q13: Risk is associated with uncertainty, speculation, and
Q14: Combining risk and profit in Islamic commercial
Q15: Both the Holy Qur'an and Noble Sunnah
Q16: Islam holds an impartial attitude towards risk
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents