Uncertainty in Contract: A Comparative Study of Jurisprudence amongst Four Schools

Abstract

Islam is a way of life and it does not allow betray of any kind to anyone especially in trade and business. Islam does not allow to buy or sell any type of commodity by any means in which there is a chance of betray, and along with it Islam also does not allow jugglery, betting, selling of item before purchasing and selling a commodity without having a possession. In Islamic Jurisprudence these conditional trade is known asGhararIt is then divided in two types of which the first type is prohibited by all school of thoughts and the other type is allowed by some school of thoughts