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Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh.Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [3] and Majallah al-Ahkam al-Adliyyah). [4]
Islam [a] is an Abrahamic monotheistic religion centered on the Quran and the teachings of Muhammad, [9] the religion's founder. Adherents of Islam are called Muslims, who are estimated to number 1.9 billion worldwide and are the world's second-largest religious population after Christians.
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 [86] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
A waqf (Arabic: وَقْف; , plural awqaf أَوْقَاف), also called a ḥabs (حَبْس, plural ḥubūs حُبوس or aḥbās أَحْباس), or mortmain property, is an inalienable charitable endowment under Islamic law.
The word qardh appears in the Qur'an in six verses: Q2:245, Q5:12, Q57:11, Q57:18, Q64:17, Q73:20. In every verse it is used as part of the phrase qardh al-hasan, and always in reference to a loan to Allah rather than other human beings.
Halal (/ h ə ˈ l ɑː l /; [1] Arabic: حلال ḥalāl [ħæˈlæːl]) is an Arabic word that translates to ' permissible ' in English. In the Quran, the term halal is contrasted with the term haram (' forbidden, unlawful '). [2]
Unlike in Shia Islam, Hujjat al-Islam is not as commonly used in the Sunni branch of Islam. [3] Hujjat al-Islam serve more as teachers and guiders for their community, rather than a scholars. They may also be referred to as sheikhs or imams. [citation needed] They are also in charge of providing legal fatwas on religious information. [6]
In Islamic theology, al-Insān al-Kāmil (Arabic: الإنسان الكامل), also rendered as Insān-i Kāmil (Persian/Urdu: انسان کامل) and İnsan-ı Kâmil , is an honorific title to describe Muhammad, the prophet of Islam. The phrase means "the person who has reached perfection", [1] literally "the complete person".