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J Gambl Stud ; 27(1): 1-13, 2011 Mar.
Article in English | MEDLINE | ID: mdl-20514512

ABSTRACT

Gambling and speculation which leads to zero-sum outcomes are prohibited in Islamic finance and condemned in conventional finance. This article explores the reasons for the similarity of objections towards gambling and speculation. Three probable reasons are explored namely the concept of stewardship in conventional thought and the concept of khalifa in Islam, Christianity and morality's influence on conventional law and finance and the concept of ethics of sacrifice and ethics of tolerance.


Subject(s)
Financial Management/ethics , Gambling/economics , Gambling/ethnology , Islam , Religion and Psychology , Religious Philosophies , Social Values , Christianity , Cultural Characteristics , Humans , Life Style , Social Values/ethnology
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