Mysir (Gambling) in verse 90 – chapter 5 of the Holy Qur’an is strictly prohibited. As several religious and social groups are on a daily basis articulating objections to the evilness of gambling, it seems that further elaboration seems to be unnecessary.
In an Islamic Insurance or Takaful, the concept of donation (Tabaru) is very much in existence. The contracting parties agree to set aside a part of their contribution as a donation for fulfilling obligation of mutual help, used to pay claims submitted by the claimants.
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