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

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

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

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

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

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Dr. Mohammad Masrurul Mowla. 2019. “. Global Journal of Human-Social Science – E: Economics GJHSS-E Volume 19 (GJHSS Volume 19 Issue E1): .

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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS Volume 19 Issue E1
Pg. 37- 42
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GJHSS-E Classification: FOR Code: 910103
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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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