Islamiat MCQ #17651

Which scholarly criterion distinguishes permissible uncertainty (Gharar Yasir) from prohibited uncertainty (Gharar Fahish) in Islamic contracts?

Islamiat MCQ #17651

  1. Question 1

    Q1. Which scholarly criterion distinguishes permissible uncertainty (Gharar Yasir) from prohibited uncertainty (Gharar Fahish) in Islamic contracts?

    • A) The degree of ignorance about an essential contract element that would lead a rational party to reject the contract if known
    • B) The nationality or religion of the contracting parties involved in the transaction
    • C) The currency denomination in which the contract is settled at maturity
    • D) Whether the contract is documented in writing or concluded verbally

    Answer: The degree of ignorance about an essential contract element that would lead a rational party to reject the contract if known

    Explanation: Gharar Fahish (prohibited uncertainty) is characterized by ignorance about an essential element — price, subject matter, or delivery — so significant that a rational party would reject the contract if informed.