Islamic Law on Gambling & Some Modern Business Practices

Whether traditional or online gambling, they have always had a notorious reputation around the world. Although it is one of the fastest growing industries in the world, there are still many countries and states where it is illegal.

On the other hand, we have a religious aspect that condemns all forms of gambling and those who participate in it. Canadian Muslims consider betting, gambling or lotteries to be haram (forbidden by Allah).  Our casino expert, Daniel Bennett, looks at most online establishments in Canada, such as casincanada.com, and highlights the laws Islam has developed against gambling.

Restriction of gambling

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According to Islamic rituals, gambling is the 14th greatest sin, not an easy and trivial activity that we should practice. There is a passage in the Quran that condemns gamblers and alcoholics in one sentence. She recognizes that both acts are addictive social disorders that can alienate and destroy lives. The holy book explains why gambling is forbidden in Islamic finance and calls it mesir and azlam. These terms refer to the act of playing.

Canadian schools have asked Muslim scholars about these laws, and the kids agreed that it was OK to exercise and live a healthy lifestyle. However, the children stressed that these activities should not involve lotteries, betting or random winnings. There has been some debate recently about whether jokes fall into this category, but experts tend to refer to them as promotional benefits.

The basic doctrine of Islam is that a man should earn his money by working hard and gaining knowledge. This suggests that you shouldn’t rely on chance or luck to get something you don’t deserve.

Islamic doctrine on gambling

Source : alcoholrehabguide.org

The Qur’an describes drinking alcohol and gambling as two of the greatest sins.

They ask you about drunkenness and risky gambling. Speak: There is a great sin in both…. (Surah al-Baqarah 2:219).

According to the Islamic quotes on gambling, this applies to all games of chance. The Arabic meaning of the word is mesir, which comes from the word lightness. If we consider that players are not trying to get their potential winnings and that they can easily get them, we speak of meisir.

Azlam refers to the use of dice in gambling and was known before the advent of Islam. It describes a game where the gamblers use arrows to try to divide the camel meat among the players. Ten players used the dice to determine who would not get the meat.

While Azlam refers to the type of bet, Meizir is the collective name for all types of bets, and both are considered haram. Like the worship of wine and idols, gambling is considered the work of Satan, and no one should engage in it. Muslims describe that by embroidering one loses the chance of being saved and succeeding in the Hereafter.

The belief that wine and gambling cause greed and hostility

Source : trebound.com

There is no doubt that a person under the influence of alcohol loses his or her inhibitions and can behave indecently. This means that he is likely to make enemies and may act violently towards his family members.

On the other hand, the game causes a rift between the participants and hostility dominates this relationship. Those who lose their money are doomed to hate the winner and may develop thoughts of revenge.

Someone who makes money from betting will find a way to spend the illegally obtained money by squandering it excessively. The Quran says that profiting from haram activities opens a new avenue for corruption. The holy book recognizes gamblers by their greed and their urge to bet more to win more. In addition, the loser continues to recover what he or she lost.

Gambling as a modern business practice

Source : thecomedyclub.asia

If we look at the current practices of banks and other financial institutions, we see impressions of gambling in various financial products and services. For example, traditional insurance is not legal because of kimar (gambling) and riba (interest). Similarly, public and private enterprises often organize their resources on the basis of lotteries and raffles, which are forms of gambling.

Different definitions of legal protection are currently being proposed by various respected authorities. According to Ivamy (1986), insurance is a contract whereby a person, the insurer, agrees to pay another person, called the deceased, a sum of money or its equivalent when a certain event occurs, in exchange for an agreed consideration, called premium.

Birds (1993) defines insurance as a contract whereby a person assumes the risk of future events beyond his or her control and is responsible for the return of funds or the equivalent in the event of an uncertain event.

Rejda and Mcnamara (2017) define insurance as the pooling of accidental losses by transferring these risks to insurers who agree to compensate policyholders for such losses or other material (monetary) benefits when they occur, or to provide risk-related services. This statement indicates that the risk of loss is something that is transferred.

While similarities between insurance and gambling can be identified, such as uncertainty, there are also clear differences between the two. A fundamental difference is that one is used to win and the other to lose.

To prevent gambling in Islamic finance, Islamic banks and financial companies should avoid gambling-based products, services and transactions. They must be able to offer their customers alternatives that are in accordance with Sharia law.

Output

With the advent of the Islamic religion came the teaching that a man should earn his own money. They have to get that money through hard work and effort. Getting money by luck or chance should not be tolerated, and few abuse these schemes. Those who indulge in the Islamic dream game, those who cannot afford or support it, often spend incredible amounts of money on this habit that destroys relationships and lives.

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