AAOIFI Shari'ah Standard No. (31): Controls on Gharar in Financial Transactions
AAOIFI — Accounting and Auditing Organization for Islamic Financial Institutions
What this source says
AAOIFI Shari'ah Standard No. 31 sets out controls on gharar (excessive uncertainty) in financial transactions, distinguishing tolerable minor uncertainty from the excessive gharar that invalidates a contract, and applying these controls to sales, services, and modern instruments.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- AAOIFI Shari'ah Standard No. (31): Controls on Gharar in Financial Transactions
- School / basis
- Comparative
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Paraphrase of the documented standard (not a verbatim quote of its text).
Topics
islamic-financeghararuncertaintystandardsstructures
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