What is forbidden under the concept of Maysir in Islamic finance?

The principle of Maysir in Islamic finance specifically prohibits activities that involve excessive uncertainty and speculation, which are characteristics of gambling. Maysir refers to any form of gambling or games of chance where outcomes are based purely on luck rather than skill or hard work. In Islamic finance, engaging in speculative activities can lead to unjust enrichment and exploitation, which goes against the ethical standards of fairness and stability promoted in Islamic teachings.

By forbidding speculative activities and gambling, Maysir ensures that financial transactions are founded on real economic activities, tangible assets, and ethical dealings. This principle encourages investment in productive ventures and allows for responsible risk-sharing practices, as opposed to gambling-focused financial behavior that could jeopardize an individual's wealth and well-being.

The other choices, such as investment in tangible assets, long-term financial agreements, and risk-sharing agreements, are generally permissible within the framework of Islamic finance, as they align with the principles of fairness, transparency, and value creation.