Uncertainty Teory in Islamic Finance

Uncertainty is a condition in which there is a possibility of more than one outcome, but the probability of each outcome is small.

• True

• False

Uncertainty: The probability of the outcome is unknown

Risk: The probability of the outcome is known

• False

• True

According to the term Fiqh Mu'amalat, taghrir means doing something blindly without sufficient knowledge, or taking one's own risk from an action that contains a risk, without knowing exactly what the consequences will be, or entering a risk arena without thinking about the consequences.

• False

• True

In a situation of uncertainty, there is more than one possible outcome or event with one probability

• False

• True

Natural Certainty Contracts are contracts in business that provide certainty of payment, both in terms of amount (amount) and time. The cash flow can be predicted with relative certainty, because it has been agreed by both parties who transact at the beginning of the contract

• True

• False

In a situation of certainty, only one outcome or event will occur with one probability

• True

• False

Natural Certainty Contracts : Purchase and sale contracts, Wages, Rent.

• False

• True

Natural Uncertainty Contracts are contracts in business that do not provide certainty of return (in terms of quantity and time). The rate of return can be positive, negative, or zero

• True

• False

Natural Uncertainty Contracts: Investment contracts, because naturally they do not offer a fixed and definite return, they are not fixed and predetermined.

• True

• False

Zero-sum is a situation in game theory in which one person's gain is equivalent to another's loss, so the net change in wealth or benefit is zero

• True

• False