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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 ...
A Sharia Board (also Sharia Supervisory Board, Advisory Board or Religious Board) [1] certifies Islamic financial products as being Sharia -compliant (i.e. in accordance with Islamic law). [2] Because compliance with Sharia law is the underlying reason for the existence of Islamic finance, Islamic banks (and conventional banking institutions ...
BNI Syariah: The bank was founded on 29 April 2000 as a sharia banking unit of BNI. In 2010, it spun-off as a separate subsidiary. In 2010, it spun-off as a separate subsidiary. BRIsyariah : The bank was originally established on 3 July 1969 as Bank Djasa Arta (later spelled Bank Jasa Arta ) and headquartered in Bandung , West Java .
Islam portal. v. t. e. Maqasid (Arabic: مقاصد, lit. 'goals' or 'purposes') or maqāṣid al-sharīʿa (goals or objectives of sharia) is an Islamic legal doctrine. Together with another related classical doctrine, maṣlaḥa (lit. 'public interest'), it has come to play an increasingly prominent role in modern times. [1][2][3] The notion ...
Syariah (Jawi: شرعية , the Malay spelling of "Sharia") refers to sharia law in Islamic religious law and deals with exclusively Islamic laws, having jurisdiction upon every Muslim in Malaysia. The Syariah Court system is one of the two separate court systems which exist in the general Malaysian legal system. There is a parallel ...
Divine, abstract sharia: In this sense, sharia is a rather abstract concept which leaves ample room for various concrete interpretations by humans. Classical sharia: This is the body of Islamic rules, principles and cases compiled by religious scholars during the first two centuries after Muhammad, including Ijtihād.
t. e. Halal (/ həˈlɑːl /; [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'). It is used to refer to actions, behaviors, or items that are allowed under the teachings of Islam. Halal applies not only to food ...
The Baháʼí Faith is a religion [ a ] founded in the 19th century that teaches the essential worth of all religions and the unity of all people. [ b ] Established by Baháʼu'lláh, it initially developed in Iran and parts of the Middle East, where it has faced ongoing persecution since its inception. [ 14 ] The religion is estimated to have ...