Sources of Islamic Law

The scholars have classified the sources of Islamic law into various categories. One of these classifications is based on the origin of the sources. This classification views Qur’an and Sunnah as the primary sources while other sources based on reasoning are called secondary sources. The Qur’an and Sunnah are considered as the sources that originate from the text of revelation which is called textual sources or al-nass. Other sources based on the power of reasoning are called non-textual sources or al-ra’y. For further details see: ISRA, Islamic Financial System; Principles and Operations.





Gifting an Asset at the End of a Lease
Who Is Liable for Damages to Rental Property?
Can an Islamic Bank Charge a Fee for Changes to the LC Made by Telex?
Accounting Arrangements for Recording Collection of Doubtful Debts
Charging a Fee to Change the Name on the Promissory Note for a Car
Is the Conventional Procedure for Dealing with Lost Checks Acceptable?
A Seller Agrees to Accept Expired Products from the Buyer and Replace Them with New Products
Is It Permissible for KFH to Charge a Certain Fee to the Customer for Changing His Name in the Promissory Note to the Name of a New Buyer He Sold the Commodity to?
What Are the Rules of Taking Possession in Currency Trading with Regard to the General Practices of Banks?
Is It Permissible to Buy Imported Goods of Defined Specifications Which Are Still at Sea and Sell Them to a Trader? And Does Ijarah Cover All Types of Goods and Commodities?
If the Manager of a New Building Doesn’t Consider Key Money Lawful, but the Owner Does
A Murabahah Sale in Which the Intermediate Seller Stipulates That the Original Seller Will not Be Paid until the End Buyer Tests It
An L.C. Application Missing Details about the Goods to Be Purchased
Can the Primary Seller Give a Performance Award to the Murabahah Buyer for Retail Sales of Its Products and Ignore the Middleman?
How to Calculate the Selling Price in Murabahah
Period Of Verification
Selling Goods Based On Its Specifications
Insurance Premium
What Expenses Can Be Factored into the Price to Which the Mark-up is Added
What if the Buyer Asks the Installer to Implement Design Changes during Installation, and Only Informs the Seller after the Fact?
A Service Warranty Agreement for a Car
Fee For Group Financing
Accepting Hibah from The Customers
Hibah In Loan (Qardh)
Resolution No.43 (5/5): Abstract Rights
Business Expenses in Musharakah based on Percentage of Capital
Resolution No. 47 (9/5): Urf (Custom)
Is Storage in Public Warehouses with Certificates Detailing the Specifications of the Commodities Considered Possession that Allows Resale?

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