Practical Law Glossary Item 2-503-0010 (Approx. 2 pages)
Glossary
Haram
An Arabic term meaning forbidden or unlawful. In the case of Islamic finance, Muslims cannot invest in, acquire, or otherwise engage in transactions that involve forbidden products and activities such as pork-related products, alcohol, gambling, and pornography. The opposite of haram is halal.
For more information on Islamic finance in the US, see Practice Notes: