Forbidden Transactions.

In Islam, forbidden transactions, known as "Haram," are financial dealings that are prohibited because they violate the ethical and legal principles set forth in Islamic teachings. Key forbidden transactions include riba (usury or interest), gharar (excessive uncertainty), and maysir (gambling).
Riba involves charging interest on loans, which is considered exploitative and unjust.
Gharar refers to transactions that involve excessive uncertainty or ambiguity, where the terms and conditions are not clearly defined, leading to potential harm or unfair advantage.
Maysir involves gambling or any form of speculative gain without effort, which promotes greed and chance rather than honest labor and fairness.
These prohibitions aim to ensure equity, fairness, and social justice in economic activities, encouraging transactions that are transparent, mutually beneficial, and ethically sound.