Islamic Law is a comprehensive system covering thehuman being鈥檚 relationship with his Creator, with his fellow human beings, and with his society and nation. It also deals with the relationship between nations in both war and peace. Most jurists divide the study of Islamic Law into two broad categories: Devotional Law and Transaction Law.
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What is the main source of Islamic law?
Islamic Law – The Shariah. The Qur’an is the principal source of Islamic law, the Sharia. It contains the rules by which the Muslim world is governed (or should govern itself) and forms the basis for relations between man and God, between individuals, whether Muslim or non-Muslim, as well as between man and things which are part of creation.
What is the domain of Islamic law?
The human conduct that should govern the believers鈥?life, which is clearly stated in the Quran, is indeed the domain of Islamic Law. The Quran comprises about five hundred legal verses that explicitly set out legal rulings that need to be applied by all believers.
What is Sharia law in Islam?
Sharia law is a religious law that lays down governing principles for spiritual, mental, and physical behavior that must be followed by Muslims. It categorizes all man鈥檚 acts into five distinct categories: obligatory, recommended, permitted, discouraged, and forbidden.
What are the principles of Islamic banking?
The principles of Islamic banking follow Sharia law, which is based on the Quran and the Hadith, the recorded sayings, and actions of the Prophet Muhammad. When more information or guidance is necessary, Islamic bankers turn to learned scholars or use independent reasoning based on scholarship and customs.