Filter by Categories
Accounting
Banking

Islamic Finance




Khalaba


An Arabic term (خلابة) that literally translates as “misleading marketing”. The seller, practicing khalaba, pursues unknowledgeable and unaware clients by overstating and overprojecting the quality and features of commodities.

That leads to manipulation of buyers and appropriation of their money in an unfair transaction. Therefore, khalaba is prohibited by shari’a.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*