In Arabic the term sharīʿah refers to Gods immutable divine law and is contrasted with fiqh. مصرفية إسلامية or Sharia-compliant finance is banking or financing activity that complies with Sharia Islamic law and its practical application through the development of Islamic economicsSome of the modes of Islamic bankingfinance include Mudarabah profit-sharing and loss-bearing Wadiah safekeeping Musharaka joint venture.
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Sharīʿa ʃaˈriːʕa is a body of religious law that forms part of the Islamic tradition.
. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam particularly the Quran and the Hadith. Sharia ʃ ə ˈ r iː ə. Islamic banking Islamic finance Arabic.
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