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Home > QFINANCE Dictionary > Definition of shariah

Definition of



Muslim religious law the law as interpreted by trained Islamic legal scholars. In strict Islamic countries, all businesses, financial institutions, and products must meet the requirements of shariah law.

Related definitions of "shariah"

shariah - Related Articles
  • Managing Shariah-Compliant Portfolios: The Challenges, the Process, and the Opportunities

    Best Practice

    It is still puzzling to understand why something as straightforward as Islamic wealth and asset management has eluded the professional classes to date. At the time of writing, only one single major global money center bank, and paltry few independent asset managers, had constructed credible service offerings for Muslim clients who wish to enjoy shariah-compliant investing along with professional investment management
    By John Sandwick

  • An Overview of Shariah-Compliant Funds


    This checklist looks at leasing, equity, development, and commodity funds that are compliant with shariah law, outlining what they are and how they operate.

  • Possibilities for Shariah-Compliant Derivatives


    This checklist describes Islamic financial services providers’ attempts to overcome issues with conventional derivatives through the use of shariah-compatible transactions.

  • The Role of the Shariah Advisory Board in Islamic Finance


    This checklist outlines the responsibilities of an Islamic bank’s advisory board to ensure that the bank’s activities conform to shariah law.


Definitions of ’shariah’ and meaning of ’shariah’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’shariah’ and other financial terms with our online QFINANCE Financial Dictionary.

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