This is a definition of ribâ by scholars Mohammad Fadel, Associate Professor and Canada Research Chair for the Law and Economics of Islamic Law, University of Toronto Faculty of Law and Ibrahim … Continue reading Islamic Law Lexicon :: Ribâ
Centuries before the trust was developed in English common law, Islamic law developed the waqf, or endowment. The waqf allowed a property owner to separate the title to a property from the … Continue reading Review :: Powers on the Role of Endowments, waqf, in Inheritance
The constitutions of many Muslim-majority countries contain clauses that declare sharīʿa a source of legislation. These “sharīʿaclauses” may name sharīʿa as “a chief source,” “the chief source,” or “the only source,” among others, of … Continue reading Review :: Clark Lombardi on Sharīʿa as a Source of Legislation
Islamic finance creates financial products specifically aimed at Muslims that are sharīʿa compliant. Many scholars have condemned Islamic finance for condemning ribā (interest) on the one hand, particularly where usurious, but then many others … Continue reading Review :: Fadel on the Function of the “Interest Ban” in Islamic Finance
This entry provides a definition and analysis of the term ijtihād, drawing on works by SHARIAsource Senior Scholar Sherman A. Jackson, King Faisal Chair in Islamic Thought and Culture and Professor of Religion … Continue reading Islamic Law Lexicon :: Ijtihād: the direct interpretation of scripture
Ḥadīth = “the corpus of traditions from the Prophet”; reports of words and sayings attributed to the Prophet Muḥammad (for Sunnīs) as well as to a series of Imams who succeeded … Continue reading Islamic Law Lexicon :: Ḥadīth
