FINANCE

Published on
KembaraXtra– Islamic Banking- Meaning of Shariah
Sharīʿah Framework in Banking​

Fundamentals of Sharīʿah
Meaning of Sharīʿah


  • Derived from Arabic root sharaʿa
  • Literal meanings:
    • To open something
    • To open a path or door leading to a street
  • Related term mashraʿa:
    • Path leading to a water source or watering place​
Legal Meaning of Sharīʿah

  • Sharaʿa means to make, establish, or lay down laws
  • The term Sharīʿah is derived from this root


Sharīʿah in Islam

  • Refers to laws governing all aspects of human life
  • Laws established by Allah for His servants


Scope of Sharīʿah Laws

  • Divided into three aspects:
    • Belief (ʿAqīdah) – matters of faith
    • Deeds (ʿAmal) – actions and practices
    • Ethics (Akhlāq) – moral conduct
Conclusion


  • Sharīʿah comprehensively covers belief, actions, and ethics
  • Sharīʿah may be regarded as another term for Islam as a complete way of life


Picture
0 Comments

Author

Facts about finance