Islamic Law on Gambling & Some Modern Business Practices
Whether traditional gambling or online, it has always had a notorious reputation around the world. Considering that it is one of the fastest growing industries in the world, there are still quite a few countries and states where it is illegal.
On the other hand, we have the religious aspect, which condemns all forms of gambling and those who participate in it. Canadian Muslims will see betting, betting or lotteries as haram (forbidden by Allah). Our casino expert Daniel Bennet reviews most of the online establishments in Canada, such as casinocanada.com, and takes note of the laws that Islam has drafted against gambling.
Restriction of play
According to Islamic rites, gambling is the 14th greatest sin and not a simple and trivial activity in which we must participate. In the Quran, there is a writing that denounces gamblers and alcoholics in the same sentence. He recognizes that both actions are addictive social disorders that can alienate and ruin lives. The holy book explains why gambling is banned in Islamic finance, and it is called Maesir and Azlam. These terms refer to the act of participating in a game of chance.
Schools across Canada asked Muslim academics about these laws, and the kids agreed it was okay to participate in healthy sporting events and challenges. However, the children stressed that these activities should not contain lottery, betting or chance winnings. The most recent discussion revolved around whether sweepstakes fit into this category, but researchers describe it more as a promotional benefit.
The fundamental teaching of Islam is that a person should earn his money through hard work and knowledge. This suggests that you shouldn’t rely on luck or luck to get things you haven’t won.
Islamic teachings on gambling
The Qur’an describes drinking and gambling as two of the greatest sins.
“They ask you about intoxicants and gambling. Say: in both there is a great sin… ”(Sura al-Baqarah 2: 219)
According to Islamic quotes on gambling, it refers to all gambling. The Arabic meaning of this is Maesir, which is derived from the word meaning “ease”. Considering that players don’t work hard for their potential winnings and can get it easily, it’s called Maesir.
Azlam refers to the use of dice to play a game of chance and was famous before the beginning of Islam. He describes a game where punters would play with arrows to award players with camel meat. Ten players would use the dice to determine which ones wouldn’t get the meat.
As Azlam refers to one type of bet, Maesir is a collective term for all types of bets, and both are considered haram. Along with wine and idol worship, gambling is considered the work of Satan, and no one should engage in it. Muslims describe that when you get involved, you lose the chance for salvation and success in the hereafter.
The belief that wine and gambling cause greed and hostility
There is no doubt that a person loses their inhibitions when they are under the influence of alcohol and may behave in the most improper manner. This means that he will undoubtedly create enemies and can act violently towards family members.
On the other hand, the game causes divisions among the participants and hostility is the dominant player in this relationship. The one who loses his money is destined to hate the winner and may develop ideas of revenge.
A person who earns money by betting will find ways to spend their illegally received funds by misusing them. The Qur’an specifies that profiting from haram activities opens a new avenue for the pursuit of corruption. The Holy Book recognizes gamblers by their greed and obsession with betting more for greater profits. In addition, the loser will continue to find what he has lost.
Gambling in the Form of Modern Business Practices
Looking at the modern practices of banks and other financial institutions, we can see the gambling impressions in various financial products and services. For example, traditional insurance is not legitimate because of qimar (gambling) and riba (interest). Likewise, companies in the public and private sectors often organize their resources on the basis of raffles and lotteries, which are forms of gambling.
Currently, different reputable authorities offer several definitions of legal insurance. According to Ivamy (1986), insurance is “a contract by which a person, the insurer, undertakes, in exchange for the agreed consideration, called a premium, to pay another person, called the insured, a sum of money. money, or its equivalent, upon the occurrence of a specified event. “
Birds (1993) describes insurance as a contract in which a person accepts the risk of events beyond their control, occurring in the future, and is responsible for repaying funds or the equivalent for an uncertain event.
Rejda and Mcnamara (2017) define insurance as “the pooling of accidental claims by transferring these risks to insurers who agree to indemnify the insured for these claims in order to provide other pecuniary benefits (linked to money) to their occurrence or to render services related to the risk. ”This explanation indicates that the risk of losses is what is transferred.
While it’s okay to identify the similarities between insurance and gambling, such as uncertainty, there are some very notable differences between them. A fundamental contrast is that one is used for winning and the other for loss.
In order for gambling in Islamic finance not to be present, Muslim banks and financial firms should avoid gambling-based products, services and transactions. They should be able to offer clients Sharia-compliant alternatives.
In conclusion
Since the advent of the Islamic religion, there are teachings that men need to earn their own money. They should get this money through their hard work and effort. Making money by chance or by chance should not be allowed, and these schemes benefit only a privileged few. Those who are involved in the Islamic dream game, those who cannot afford it or support it, often spend incredible sums on this habit which ruins relationships and life.