Scientific progress volume ǀ issue ǀ

ǀ
ISSUE 2 
ǀ
2022 
ISSN: 2181-1601
Uzbekistan
 
www.scientificprogress.uz
 
Page 49
about the relevant value or the uncertainty and uncertainty of any vital information and 
the exploitation of one of the parties. Deliberate concealment of information related to 
dishonesty, fraud or value is equivalent to Gharar. 
Islamic Financial Institutions (IMI) should not engage in any trade where the 
results are hidden, as they are not sure whether the delivery will take place or not, which 
is necessary to complete any real business transaction. The current practices of 
traditional financial institutions and insurance companies in the futures and options 
markets are not in line with Sharia due to elements of Gharar, interest, gambling and so 
on. Current stock market trading will be the same if these elements are cleared. called 
the stock market according to sharia. 
The third type of activity that IMIs should avoid is gambling. Gambling is 
involved in a number of financial transactions and traditional banking products, which 
should be avoided by IMIs. Traditional insurance is not Shariah compliant due to both 
ribo and mysir (gambling) participation. 
Governments, public and private sector corporations mobilize resources based on 
lotteries and draws under the hammer of gambling and are therefore prohibited in the 
Islamic financial system. Current futures and option contracts that are settled only 
through price differences are covered under gambling. Similarly, a scheme in which 
investors' money is safe and secure, but the prizes awarded are based on interest on the 
capital accumulated through it, is also illegal because of the interest and interest 
involved in gambling.
 
REFERENCES 
1.
 
https://link.springer.com/content/pdf/10.1007/978-3-319-91295-0.pdf
 
2.
Ahmadjonov, A Abdullayev, M Mamayusupov, O Umarjonov. (2021). Raqamli 
iqtisodiyotda boshqaruv muammolari. 
Science and Education, 2
(10), 636-642. 
3.
 
AA, Mulaydinov Farkhod Muratovich. (2021). RAQAMLI IQTISODIYOT 
TUSHUNCHASI, AFZALLIKLARI VA AMALIY AHAMIYATI. 
АХБОРОТ
-
КОММУНИКАЦИЯ ТЕХНОЛОГИЯЛАРИ
 
ВА ТЕЛЕКОММУНИКАЦИЯЛАРНИНГ 
ЗАМОНАВИЙ МУАММОЛАРИ ВА ЕЧИМЛАРИ ОНЛАЙН РЕСПУБЛИКА 
ИЛМИЙ
-
ТЕХНИК АНЖУМАНИНИНГ МАЪРУЗАЛАР ТЎПЛАМИ, 2
 (6), 794
 
4.
A 
Abdullaev. 
(2021). 
RAQAMLI 
IQTISODIYOT 
- 
KADRLAR 
TAYYORLASHNING DOLZARB MASALALARI. Ushbu maqolada raqamli 
iqtisodiyotning o
‘
ziga xos xususiyatlari, uning 
…
5.
Akhmadjonov, A Abdullayev, A Abdupattayev, M Sultonov. (2021). ISLAMIC 
BANKING MANAGEMENT, ASSETS AND LIBILITIES. 
Scientific progress, 2
(6), 
1525-1532.

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