Refimprove date August 2007 Fiqh Cri In Islam , maisir or gambling is forbidden istr haraam . The Qur an says of gambling and alcohol QuoteQuran 2 219 In them is great harm, and a benefit for mankind but their harm is greater than their benefit translated by Abdullah Yusuf Ali small The above Quranic verse was retrieved from s Quran 2 217 221 wikisource small In a later verse of the Quran it was further revealed that intoxicants and games of chance including Maisir were abominations of Satan s handiwork, intended to turn people away from God and forget about prayer, thus Muslims were ordered to abstain 5 90 91 . This is the verse revealed concerning alcohol and gambling which is the basis for its forbidding in Islam. It is also the second verse in which alcohol and gambling are mentioned together with similar regard. The only forms of gambling that the Prophet permitted was on archery contests, horses races and camel races. However only the participants in the event are permitted to make wagers amongst each other. It is haram forbidden for spectators to bet on these events. ref http gamingzion.com gamblingnews iran gambling laws allow three forms of sports betting yet no casinos 1979 GamingZion Iran Gambling Law News Iran Gambling Laws Allow Three Forms of Sports Betting Retrieved on March 31, 2011 ref References Reflist External links http quran.com 5 90 http etori.tripod.com gambling.html http web.archive.org web 20091027100126 http geocities.com mutmainaa food islam gambling.html http gamingzion.com gamblingnews iran gambling laws allow three forms of sports betting yet no casinos 1979 Islam topics state collapsed Category Islamic criminal jurisprudence Islam stub ... more details
trades prostitution, drugs . Maisir Islam forbids gambling in any form. Consequentially, derivatives ... akin to maisir . Marketable securities generally have a multi day settlement period, during which time ... more details