Shari'ah, Fiqh and Usul al-Fiqh

Shari'ah: The corpus of Islamic law based on the Qur’an and the Sunnah. Literally, it means a way or a path. Fiqh: is derived from the root word faqaha which literally means comprehension or true understanding, Technically: majority of Islamic authorities, however, define it in terms of its four basic sources and it can, therefore, be defined as follows: “Fiqh, or the science of Islamic law, is the knowledge of one’s rights and obligations derived from the Qur’an or Sunnah of the Prophet (p.b.u.h.), or the consensus of opinions among the learned (ijma’), or analogical reasoning (qiyas).” Usul al-Fiqh: Usul al-Fiqh or the principles of Islamic law, it explains the indications and methods by which the rules of fiqh are deduced from their sources. For further details see: ISRA, Islamic Financial System; Principles and Operations


RESOLUTION No. 68/6/7: INTERNATIONAL RIGHTS IN ISLAM
RESOLUTION No. 70/1/8: EXEMPTION: ITS APPLICABILITY AND ITS RULES
قرار رقم: 202 (8/21) بشأن الحوار بين أتباع المذاهب الإسلامية

Islamic Financial System ©

 

 


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