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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

UNIT 7: SOURCES OF SHARĪ’AH

Diagram 10 : Sources of Sharī’ah

LEGAL EVIDENCES AGREED UPON BY JURISTS

1. Qur’ān

Qur’ān literally means ‘reading’ or ‘recitation’ derived from the root
word qara’a with the literal meaning ‘to read’. Technically, it is defined
as the words of Allāh SWT that are revealed to Prophet Muhammad
SAW in the Arabic language as His argumentation.

Salient Features

a. It is the word of Allāh SWT revealed to the Messenger of Allāh
SWT, Muhammad SAW.

b. Its wording and meaning are both from Allāh SWT.

c. It was revealed in Arabic.

d. It was transmitted from the Prophet SAW to the next generation
by such a large number of people and it is impossible that
they would agree upon a lie. It was revealed in two periods
of the Prophet’s life, Makkah and Madīnah.

Nature and Content of the Qur’ān
a. It contains rules and regulations

i. Rules relating to worship (over 400 verses)

ii. Rules relating to family affairs (70 verses)

iii. Rules relating to transactions (70 verses)