ISLAM AND THE WEST - 66

 Gambling is one of those few financial transactions which have been declared Haraam (unlawful) in Shariah even if it is carried out with the mutual consent of both parties. It is therefore important to understand a few aspects of gambling.

 

In Shariah, a financial transaction is valid only if a commodity is exchanged with a commodity. In gambling, there is a commodity at one end i.e. money, but there is no commodity at the other end, there is only a chance that one may get something in return, but there is also a chance that one may not get anything in return and may also lose their initial investment. Such transactions are invalid in Shariah.

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