Shariah definition

Shariah means divine guidance as given by the Holy Qur'an and the Sunnah of Holy Prophet Muhammad (PBUH) and embodies all aspects of the Islamic faith, including beliefs, practices, rules and principles as per the interpretation of the Shariah Advisor of the fund.

Shariah or “Islamic Shariah” means divine guidance as given by the Holy Quran and the Sunnah of Prophet Muhammad (Peace Be Upon Him) and embodies all aspects of the Islamic Faith, beliefs, practices, rules and principles;

Shariah means divine guidance as given by the Holy Qur'an and the Sunnah of Prophet Muhammad (PBUH) and embodies all aspects of the Islamic faith, including beliefs, practices, rules and principles.

Examples of Shariah in a sentence

• The Shariah Adviser advises that this cleansing process (namely, channelling of income from wrongful investment to baitulmal and/or charitable bodies as advised by the Shariah Adviser) shall be carried out within two (2) calendar months from the said disposal or withdrawal date.

• The Shariah Adviser advises that this cleansing process should be carried out within two (2) calendar months from the above disposal date.

• Similarly, Grassa (2016) reports that Islamic banks’ credit ratings are negatively associated with the supervisory role of the Shariah board.

• A possible reason for Islamic banks’ lower cost performance is the higher costs associated with maintaining the Shariah Supervisory Board and developing complex Shariah-compliant products (Alexakis et al., 2019).

• Surprisingly, the Shariah governance, which is the primary governance mechanism of IBs, has no significant role in this result (Nawaz, 2017).

More Definitions of Shariah

Shariah means Islamic laws relating to all aspects of human life established by God for His servants. The laws are divided into three i.e. those relating to belief (aqidah), those relating to deeds (fiqh) and those relating to ethics (akhlaq). In this meaning, Shariah is another word for Islam.

Shariah. Means the Shariah rulings, principles, parameters and decisions of Islamic law as interpreted, ascertained, determined or pronounced by the SAC and/or the Bank’s Shariah Committee respectively. Accordingly, for the purpose of this Agreement, “subject to Shariah”, “in accordance with Shariah” and “Shariah compliant” shall mean subject to, in accordance with and compliant to such rulings and decisions.

Shariah means the laws of Islam as recognised by ahlul Sunnah wal jama’ah;

Shariah means Islamic law comprising the whole body of rulings pertaining to human conducts derived from sources of the Shariah namely the Qur’an (the holy book of Islam) and Sunnah (practices and explanations rendered by the Prophet Muhammad (pbuh)) and other sources of Shariah such as Ijtihad (exertion of individual efforts to determine the true ruling of the divine law on matters whose revelations are not explicit) of Shariah scholars;

Shariah means Islamic law comprising the whole body of rulings pertaining to human conducts derived from sources of the Shariah;

Shariah means Islamic law, originating from the Qur`an (the holy book of Islam), as well as practices and explanations rendered by the Prophet Muhammad ( pbuh ) and ijtihad of ulamak (personal effort by qualified Shariah scholars to determine the true ruling of the divine law in a subject matter on which the revelation is not explicit).

Shariah means Islamic law and precepts as interpreted from time to time by theShariah Advisory Committee.