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.

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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 Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions.

• The parties hereby agree and acknowledge that their respective rights and obligations under the Agreement are intended to, and shall, be in conformity with Shariah principles.

• The eligibility and amount of the surplus to be distributed will be based on the recommendation made by Our Signing Actuary and endorsed by Shariah Committee and Board of Directors.

• Notwithstanding the above, each party represents to the other that it shall not raise any objections or claims against the other on the basis of Shariah-compliance or any breach of Shariah principles in respect of or otherwise in relation to any part of any provision of the Agreement.

• The Parent deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions.

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

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 the rules, principles and parameters of Islamic law as interpreted by the ▇▇▇▇▇’▇ Shariah Advisory and Supervisory Board;

Shariah means Islamic law and precepts as interpreted from time to time by the