The Islamic Financial System

Mohd Ma’Sum Billah
Additional contact information
Mohd Ma’Sum Billah: King Abdulaziz University

Chapter Chapter 1 in Islamic Financial Products, 2019, pp 3-11 from Springer

Abstract: Abstract The objective of Islamic law is to define and regulate an individual’s duties according to God’s will, historically there has been no distinction between legal rules and rules of religion. Shari’ah, or “the Way,” is the term used to describe Islamic law. There are two primary, independent sources of Shari’ah law: the Qur’an, the Holy book of Islam, and the Sunnah, the pronouncements and practices of the Prophet Muhammad (SAW). There are also three secondary sources, ijma’, consensus, qiyas and ijtihad, reasoning by analogy, which are not sources in the strict sense of term, but are means of discovering the law.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-17624-2_1

Ordering information: This item can be ordered from
http://www.springer.com/9783030176242

DOI: 10.1007/978-3-030-17624-2_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().