There are some prohibited elements in Islamic commercial law that should be eliminated; these elements represent the major components of risk in Islamic finance which are: riba, gharar, deception, inequality, duress, qimar and Ghalat are explained next.

There are some prohibited elements in Islamic finance that should be avoided to ensure Shariah compliance such as riba, beside these elements there are other transactions, structure, and status that should be avoided in designing products and services in Islamic finance such as combination of guarantee and equity in the same facility. These are the most popular prohibition in Shariah: Riba (Interest), Gharar (Uncertainty). Qimar/Maysir (gambling). Ghubn (Inequality). Taghrir (Deception), Ikrah (Duress), Ghalat (Mistake). Jahalah (Ignorance). Ihtikar (Monopoly), Rashwa (bribery), Najash (artificial inflation of price). Wrong sequence in the execution of the Shariah contracts, Wrong combination of Shariah contracts, and the terms and conditions. These prohibitions should not be present in the products and services of the IFI to ensure Shariah compliance and ensure justice and equity in the operation of the IFI.