Identifying the Presence of Gharar in Buying and Selling Mechanism Under Different Kinds of the Market Structure

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Dr. Mohammad Masrurul Mowla
Dr. Mohammad Masrurul Mowla
1 International Islamic University Chittagong

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This paper aims to investigate the presence of Gharar in buying and selling mechanism in the different kinds of market. This is a conceptual paper based on secondary data. This paper finds that, the Gharar is highly existed in the imperfect competitive market compared to the perfect competitive market. The level of Gharar is higher in monopoly followed by oligopoly, monopolistic market. Finally, this paper recommends some steps to avoid Gharar in the buying and selling mechanism in different market structure.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Dr. Mohammad Masrurul Mowla. 2019. \u201cIdentifying the Presence of Gharar in Buying and Selling Mechanism Under Different Kinds of the Market Structure\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 19 (GJHSS Volume 19 Issue E1): .

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Issue Cover
GJHSS Volume 19 Issue E1
Pg. 37- 42
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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: FOR Code: 910103
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v1.2

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March 7, 2019

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English

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This paper aims to investigate the presence of Gharar in buying and selling mechanism in the different kinds of market. This is a conceptual paper based on secondary data. This paper finds that, the Gharar is highly existed in the imperfect competitive market compared to the perfect competitive market. The level of Gharar is higher in monopoly followed by oligopoly, monopolistic market. Finally, this paper recommends some steps to avoid Gharar in the buying and selling mechanism in different market structure.

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Identifying the Presence of Gharar in Buying and Selling Mechanism Under Different Kinds of the Market Structure

Dr. Mohammad Masrurul Mowla
Dr. Mohammad Masrurul Mowla International Islamic University Chittagong

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