SHARIAsource

This Country Profile provides a basic overview of the legal history and institutional structures of Turkmenistan, based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Turkmenistan's Constitution, Islamic law (sharīʿa or fiqh) has no legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Yemen (Al Jumhuriyah al Yamaniyah), based on research produced by the Library of Congress. Under Yemen's Constitution, Islamic law (sharīʿa or fiqh) is the primary source of legislation.  

This Country Profile provides a basic overview of the legal history and institutional structures of Burkina Faso, based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Burkina Faso's Constitution, Islamic law (sharīʿa or fiqh) has no legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Cote d'Ivoire (Republique de Cote d'Ivoire), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Cote d'Ivoire's Constitution, Islamic law (sharīʿa or fiqh) has no legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Djibouti (Republique de Djibouti/Jumhuriyat Jibuti), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Djibouti's Constitution, Islamic law (sharīʿa or fiqh) has legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Sierra Leone, based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Sierra Leone's Constitution, Islamic law (sharīʿa or fiqh) has no legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of Libya, based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Libya's Constitution, Islamic law (sharīʿa or fiqh) has legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Tunisia (Al Jumhuriyah at Tunisiyah), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Tunisia's Constitution, Islamic law (sharīʿa or fiqh) has no legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Syrian Arab Republic (Al Jumhuriyah al Arabiyah as Suriyah), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Syria's Constitution, Islamic law (sharīʿa or fiqh) has legal status. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Arab Republic of Egypt (Jumhuriyat Misr al Arabiyah), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Egypt's Constitution, Islamic law (sharīʿa or fiqh) is the principal source of legislation. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Sultanate of Oman (Saltanat Uman), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Oman's Constitution, Islamic law (sharīʿa or fiqh) is a primary source of legislation. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Kingdom of Bahrain (Mamlakat al Bahrayn), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Bahrain’s Constitution, Islamic law (sharīʿa or fiqh) has legal status, and is the principal source of legislation.

This Country Profile provides a basic overview of the legal history and institutional structures of the Kingdom of Saudi Arabia (Al Mamlakah al Arabiyah as Sa'udiyah), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Saudi Arabia's Constitution, Islamic law (sharīʿa or fiqh) is the primary source of legislation.  

This Country Profile provides a basic overview of the legal history and institutional structures of the State of Qatar (Dawlat Qatar), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Qatar's Constitution, Islamic law (sharīʿa or fiqh) is a primary source of legislation. 

This Country Profile provides a basic overview of the legal history and institutional structures of the Republic of Albania (Republika e Shqipërisë), based on research produced by GlobaLex at NYU Law School and the Library of Congress. Under Albania’s Constitution, Islamic law (sharīʿa or fiqh) has no legal status.

This fatwa defines the transferral of a debt as moving a customer's debt from a conventional bank/financial institute to a shari'a bank/financial institute. It also defines al-Qardh as a loan agreement from a shari'a financial institute to a customer on the condition that the customer returns the principal sum of the loan to the shari'a financial institute within the agreed upon time. It provides four ways in which a debt may be transferred in a shari'a-friendly manner.

This fatwa acknowledges society's queries on shari'a refinancing, as well as the fact that no preceding DSN-MUI fatwa has answered them. Shari'a refinancing is defined as the provision of a new financing facility for new customers or customers yet to repay pre-existing financing. It covers two situations:

1. financing provided to prospective customers that own an asset outright; and
2. financing provided to a prospective customer already in receipt of financing yet to be repaid.

This fatwa defines a giro as a banking product, which enables the withdrawal of money at any time via a cheque, giro ticket, other financial order facility, or overbooking. The fatwa acknowledges that not all giros are shari'a-compliant, and that a set of guidelines are necessary for the implementation of giros in shari'a banking. Moreover, it notes that there are two types of giro:

1. those that are not shari'a-compliant, insofar as they are based on interest calucations; and
2. those that are shari'a-compliant insofar as they are based on Mudharabah and Wadi'ah principles.

This fatwa acknowledges the increasing demand among society to utilise banking services, including savings accounts, to store its wealth. It notes that withdrawals from a savings account can only be made pursuant to certain, agreed-upon conditions, not via cheque, giro ticket, and/or other means. It also notes that not all savings account practices are shari'a-compliant and, accordingly, a set of guidelines are necessary to ensure shari'a-compliant savings account practices.

The fatwa acknowledges that there are two types of savings accounts:

1. those that are not shari'a-compliant, insofar as they are based on interest calucations; and
2. those are are shari'a-compliant, insofar as they are based on Mudharabah and Wadi'ah principles.

This fatwa acknowledges the increasing demand among society to utilise banking services, including deposit facilities. It notes that withdrawals of deposits can only be made at certain times based on an agreement between the customer and the bank in question. It also notes that not all deposit practices are shari'a-compliant and, accordingly, a set of guidelines are necessary to ensure shari'a-compliant deposit practices.

The fatwa acknowledges that there are two types of deposits:

1. those that are not shari'a-compliant, insofar as they are based on interest calucations; and
2. those are are shari'a-compliant, insofar as they are based on Mudharabah and Wadi'ah principles.