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Islamic law, also known as Shariah, provides comprehensive guidance on financial ethics and responsibility, emphasizing fairness, justice, and compassion. Key principles include:

*Financial Ethics:*

1. Prohibition of Riba (Interest): Islam forbids earning or paying interest.

2. Prohibition of Gharar (Uncertainty): Transactions must be transparent and free from ambiguity.

3. Prohibition of Maysir (Gambling): No speculative or harmful financial activities.

4. Halal (Permissible) Income: Earnings must come from lawful sources.

5. Zakat (Charity): Obligatory

Babar Iqbal Answered question October 31, 2024
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