The Financial Risk Legitimation from the Perspective of Islamic Teachings

Risk is one of the key features of decision-making in the process of investment، financial markets and economic activities. This paper، using analytical and inferential method، aims to investigate risk from the view point of Islam. Findings of this paper imply that، based on Islamic teachings including the holy Quran، innocents hadith، behavior of Prophets and Imams (AS) and the principles and rules contained in Shiite jurisprudence، risk is allowable and even، in some cases، is necessary. Besides، according to Islamic view point، value creation is the requisite of legitimation of risk and the useful، productive، and manageable risk is allowed in financial markets.