As Muslims, we are aware of the importance of adhering to the principles of our faith, especially when it comes to our finances and investments. The Islamic faith has a number of rules and regulations that dictate how we should conduct our financial affairs and how we should invest our money. One of the questions that often comes up is whether or not it is permissible (halal) to own a race horse.
In this article, we will discuss the Islamic perspective on race horse ownership and try to determine if it is haram or halal.
What Does Islam Say About Gambling?
The first thing to consider is the Islamic perspective on gambling. Gambling is strictly forbidden in Islam, and this includes betting on a horse race. The Quran states, “O you who have believed, do not consume one another’s wealth unjustly but only [in lawful] business by mutual consent. And do not kill yourselves [or one another]” (4:29). This verse makes it clear that gambling and any other form of financial transaction that involves taking advantage of another person’s misfortune is haram.
Is Owning a Race Horse the Same as Gambling?
Owning a race horse is not the same as gambling. While the owner of a race horse may engage in gambling by betting on their horse to win a race, this does not necessarily mean that owning a race horse itself is haram. In fact, owning a race horse is considered to be a legitimate business venture in some parts of the world. It involves investing money into the purchase and upkeep of the horse as well as into training and other related expenses.
The Islamic Perspective on Owning a Race Horse
The Islamic perspective on owning a race horse is that it is permissible, provided that it is done in accordance with the principles of Islamic finance. This means that the finances used to purchase and maintain the horse must be obtained through legitimate sources, such as through investment in a halal business. Furthermore, any money made from race horse ownership must not be used for gambling or other haram activities.
Conclusion
In conclusion, it is permissible for Muslims to own a race horse, provided that they do so in a manner that is in line with Islamic principles. This includes obtaining the finances to purchase and maintain the horse through legitimate sources and not using any money made from race horse ownership for gambling or other haram activities. Ultimately, it is up to each individual Muslim to decide if owning a race horse is something that they are comfortable with doing.