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Islamic banking, Islamic finance (Arabic: مصرفية إسلامية masrifiyya 'islamia), or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing and ...
Islamic economics grew naturally from the Islamic revival and political Islam whose adherents considered Islam to be a complete system of life in all its aspects, rather than a spiritual formula [87] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
An Islamic Development Bank branch in Dhaka. Sharia and securities trading is the impact of conventional financial markets activity for those following the islamic religion and particularly sharia law. Sharia practices ban riba (earning interest) and involvement in haram.
Nahdlatul Ulama (Indonesian pronunciation: [nahˈdatʊl ʊˈlama], lit. 'Revival of the Ulama ', NU) is an Islamic organization in Indonesia. Its membership numbered over 95 million in 2021, [2] making it the largest Islamic organization in the world. [3] NU is also a charitable body funding schools and hospitals as well as organizing ...
Shia Islam portal. v. t. e. Hujjat al-Islam (Arabic: حجة الإسلام, romanized: ḥujjat ul-Islām, Persian: حجةالاسلام or حجتالاسلام, romanized: hojjat-ol-Eslām) is an Islamic honorific title which translates in English to "authority on Islam " or "proof of Islam ". [1] The title "Hujjat al-Islam" is given to ...
Fiqh (/ f iː k /; [1] Arabic: فقه) is Islamic jurisprudence. [2] Fiqh is often described as the style of human understanding and practices of the sharia, [3] that is human understanding of the divine Islamic law as revealed in the Quran and the sunnah (the teachings and practices of the Islamic prophet Muhammad and his companions).
A Muslim (مُسْلِم), the word for a follower of Islam, [ 14 ] is the active participle of the same verb form, and means "submitter (to God)" or "one who surrenders (to God)". In the Hadith of Gabriel, Islam is presented as one part of a triad that also includes imān (faith), and ihsān (excellence). [ 15 ][ 16 ]
Sunni Islam [a] (/ ˈ s uː n i /) or Orthodox Islam [3] [4] [5] is the largest branch of Islam, followed by 85–90% of the world's Muslims, and simultaneously the largest religious denomination in the world. Its name comes from the word Sunnah, referring to the tradition of Muhammad.