| Answer:   The basic objective of 
    all Islamic directives is to cleanse the human soul from excesses. Economic 
    activities, it is a common observation, have tremendous effects on a 
    person’s character. Therefore, all such activities which produce negative or 
    evil traits in a person are prohibited by Islam, since they tarnish the 
    mirror of the soul. Let us take a look at some of the typical traits of a 
    gambler:  
    i. He bases his economic 
    activity on chance rather than his own technical ability which of course 
    leads to cowardice and superstition.  
    ii. He loses the initiative to 
    work hard, which can create severe financial problems for him and his 
    family.  
    iii. He becomes selfish and 
    mean since his life inevitably becomes caught in a vicious circle of gaining 
    more and more.  
    iv. He is generally distracted 
    from the higher ideals of life.  
    Such traits and other similar 
    ones are generally the outcome of gambling. It is not necessary that they 
    are produced in their ultimate form whenever a person indulges in gambling. 
    The temperament of Islam is to bolt all pathways which lead to some evil. 
    The line of prohibition is marked much before the evil starts itself so that 
    a person is discouraged much before.  
    Yes, betting on a horse in a 
    horse race is a form of gambling. Also, there is a world of difference 
    between betting and investment. Betting or gambling in a horse race cannot 
    be called an investment in any sense of the word since in this case the 
    money involved is not brought in the market as a means of providing service 
    to the society which is necessary. Besides however much you may be able to 
    predict the ‘skill of a horse’ the uncertainty factor is still tremendous.
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