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Basics of Islamic Shariag - Final

This document outlines the fundamental principles of Islamic Shariah and its significance in Islamic banking, emphasizing its moral, ethical, and legal codes derived from the Quran and Sunnah. It highlights prohibited activities such as interest-based transactions and investments in forbidden industries, while also detailing various Islamic banking products like Murabaha and Mudarabah. The conclusion underscores the ethical focus of Islamic banking as an alternative to conventional banking practices.

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Sarowar sojol
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9 views10 pages

Basics of Islamic Shariag - Final

This document outlines the fundamental principles of Islamic Shariah and its significance in Islamic banking, emphasizing its moral, ethical, and legal codes derived from the Quran and Sunnah. It highlights prohibited activities such as interest-based transactions and investments in forbidden industries, while also detailing various Islamic banking products like Murabaha and Mudarabah. The conclusion underscores the ethical focus of Islamic banking as an alternative to conventional banking practices.

Uploaded by

Sarowar sojol
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Basics of Islamic

Shariah in
Banking
Understanding the Fundamental Principles in Islamic Banking
Introducti
on
This presentation explores the
foundational concepts of Islamic
Shariah and its pivotal role in Islamic
banking.
01
Overview of Shariah
Shariah is the moral, ethical, and legal
code derived from Islamic teachings. It
covers all aspects of a Muslim's life:
religious, social, political, economic, and
family matters.
Sources of
Shariah

• Quran: The holy book of Islam.


• Sunnah: The teachings and practices of Prophet
Muhammad (PBUH).
• Ijma: Consensus of scholars on a particular
issue.
CREDITS: This presentation template was created by Slidesgo,
and includes icons, infographics & images by Freepik
• Qiyas: Analogical reasoning based on the Quran
and Sunnah
Importance of
Shariah in
Islam
• Spiritual Guidance: Helps Muslims live according to
the will of Allah.
• Moral and Ethical Framework: Promotes justice,
compassion, and respect for others.
• Regulates Social and Economic Life: Ensures
fairness in transactions, family relations, and
community welfare.
• Promotes Justice: Aims to establish justice in
society through legal and ethical standards
Prohibited Activities in
Islamic Banking
1. Riba (Interest-Based Transactions): All interest-bearing
transactions, including savings accounts with interest, are prohibited.

2. Gharar (Excessive Uncertainty): Contracts with vague or


ambiguous terms, like speculative or highly uncertain financial
instruments, are not allowed.

3. Investments in Haram (Forbidden) Industries: Islamic banks


cannot invest in industries or businesses related to alcohol, gambling,
pork, or unethical practices.
Challenges in
Understanding Shariah
• Cultural Misinterpretations: Confusion
between cultural practices and religious
teachings.
• Globalization and Modernity:
Balancing traditional teachings with
contemporary issues.
Islamic Banking Products

1. Murabaha (Cost-Plus Financing)


2. Mudarabah (Profit Sharing)
3. Musharakah (Joint Venture)
4. Ijara (Leasing)
5. Sukuk (Islamic Bonds)
Conclusion

• Islamic banking is grounded in Shariah principles,


emphasizing ethical investment, risk-sharing, and
avoidance of interest and unethical practices. It
provides an alternative to conventional banking by
focusing on equity and fairness in transactions.
Thank you!
Do you have any
questions?

CREDITS: This presentation template was created by Slidesgo,


and includes icons, infographics & images by Freepik

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