lit., highway; it is the way to follow as stipulated by sacred law of Islam.
The Shariah is the Islamic system of law, laid down in the Qur’an and Sunnah, and encompasses all aspects of life.
Quick definition: Islamic law This refers to the law set down in the Quran and performed by example by Prophet Muhammad (PBUH). Any product purporting to be Shariah must adhere to Islamic law in all respects and to ensure this, a company will usually appoint a Shariah board which will overlook the development and implementation of all Shariah products to ensure they comply.
lit. road. It is a legal modality of a people based on the revelation of their prophet/messenger. The last Shariah is that of Islam that abrogates all previous shariahs.
The term Shariah refers to divine guidance as given by the Holy Qur'an and the Sunnah of the Prophet Muhammad and embodies all aspects of the Islamic faith, including beliefs and practice.
The revealed commandments of God, which are embodied in the Quran and the Sunnah.
The law of God. Arabic word for Islamic law.
Islamic law as revealed in the Quran and through the example of Prophet Muhammad (PBUH). A Shariah compliant product meets the requirements of Islamic law. A Shariah board is the committee of Islamic scholars available to an Islamic financial institution for guidance and supervision in the development of Shariah compliant products.