Explanation

Shariah is the legal practice derived from the teachings of the Quran, Islam's holy book, and the teachings of the Prophet Muhammad, or Sunnah.

Explanation

There are seven things that are essential for a Muslim to believe in.

the Islamic faith is known as Iman-e-Mufassal.

1.  Faith in God;

2.  Faith in His angels;

3.  Faith in His revealed Books;

4.  Faith in all of His messengers or Prophets;

5.  Faith in the Last Day or the Day of Judgement;

6.  Faith in the doctrine of predestination, which lays down that everything good or bad is decided by God), (Taqdir) and

7.  Faith in life after death.

ND28-4-2023

Explanation

The term "Riba" literally means "Any excess."

Explanation

• fourth source of Sharia
• The primary sources of Islamic law are the Holy Book (The Quran), The Sunnah (the traditions or known practices of the Prophet Muhammad ), Ijma' (Consensus), and Qiyas (Analogy)
• Qiyas or analogical reason is the fourth source of Sharia for the majority of Sunni jurisprudence. It aims to draw analogies to a previously accepted decision
  

Explanation

• Islam stocks most of the concepts of sin as their sister religions, Christianity and Judaism. The most heinous sins in Islam are known as Al-Kabirah (Arabic: كبيرة) which translates to the remarkable or principal one.
• A few authors use the term enormity. at the same time as every sin is seen as an offense to Allah, the al-Kaba'ir are the gravest of the offenses. Allah's electricity is idea to be best eclipsed with the aid of his mercy and accordingly minor or small sins (al-sagha'ir), are tacitly understood to be forgiven after repentance.
• Not every sin is same however and a few are notion to be more spiritually damning than others. The finest of the sins described as al-Kaba'ir is the association of others with Allah or Shirk.
  

Explanation

Qiyas is an Islamic jurisprudential tool for deducing legal rulings by analogy.

Imam Abu Hanifa was the first to systematically develop and apply Qiyas in Islamic law.

Explanation

Ijtihad, (Arabic: “effort”) in Islamic law, the independent or original interpretation of problems not precisely covered by the Quran, Hadith (traditions concerning the Prophet Muhammad's life and utterances), and ijma (scholarly consensus).

Consensus means; اتفاق رائے

Consensus means: general agreement : unanimity

Explanation

Mudaraba is a partnership profit between the Bank and an enterprise / company for a pre-agreed period.

Customers can deposit funds with the Bank

They will then be invested in the functioning of economic activity/business that comply with principles of Sharia.

Explanation

'Al-Fay' refers to lands and properties that were conquered by Muslims without a direct battle and became the property of the Islamic state.

These resources were distributed according to Islamic law for the benefit of the community.

Explanation

Qiyas (قياس) is an Arabic term that refers to the process of analogical reasoning or deduction in Islamic jurisprudence (fiqh).

It involves judging a particular case or situation by comparing it to a similar case or principle established in the Quran or Hadith, and applying the same ruling or principle to the new case.