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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

SUNNAH

Nature

Sunnah by
Tacit Approval/ Sunnah by Words Broken Chain
Agreement

Solitary

Diagram 11 : Classification of Sunnah

The Main Collection of Ḥadīth

Ḥadīth has been codified by the classical scholars according to their
respective detailed criteria. In general, there are six authentic
collection of Ḥadī th:

• Ṣaḥīḥ Bukhāri
• Ṣaḥīḥ Muslim
• Sunan Al-Nasāi

• Sunan Abu Daud
• Al-Jāmi’ al-Tirmizi
• Sunan Ibn Mājah

3. Consensus of Opinion (Ijmā`)

Ijma’ is a source of Islamic law which connotes the rulings derived
from divine revelation through the process of human reasoning. Ijma’
has a binding effect on the entire Muslim community. It is defined
as the agreement of the mujtahidūn (jurists) from among community
of Prophet Muhammad SAW after his death in a certain period of
time upon a rule of Islamic law.

Conditions of Ijmā’
a. The agreement must take place among all mujtahid of one
particular period. Mujtahid is a person who is qualified to
exercise ijtihād.

b. The decision reached by the mujtahid on the issue at hand,
must be unanimous. An issue that is decided on the basis of
majority does not constitute an Ijmā’. The agreement must
be unanimous.