Definition of "haram"
haram
/həˈɹɑːm/
noun
plural harams
adjective
not comparable
(Islam, fiqh) Forbidden by Islam: unlawful, sinful.
Quotations
[…] collateral assets must not be debt, cash or prohibited as haram (sinful activity) and must not be associated in any way with unethical or exploitative operations or with speculation and uncertainty (gharar) […]
2007, Andreas Jobst, The Economics of Islamic Finance and Securitization