This study is an attempt to analyze game and auction theories from the perspective of Islamic shariah. Game theory permits certain acts like cheating, collusion, and unnecessary price-hiking which are in direct conflict with Islam Shariah laws and practices. Game theory needs further discussion...

Online auctions have gained tremendous popularity in the last one decade. In order to make this mechanism more attractive to Muslims, online auctions can be conducted as per the norms of business transactions in Islam. This paper includes a discussion on these aspects. By incorporating the norms...