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Resolutions of the Securities Commission Shariah Advisory Council

Resolutions of the Securities Commission Shariah Advisory Council

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<strong>Resolutions</strong> <strong>of</strong> <strong>the</strong> <strong>Securities</strong> <strong>Commission</strong> <strong>Shariah</strong> <strong>Advisory</strong> <strong>Council</strong><br />

dalil evidence, indicative legal text<br />

dayn debt<br />

dharurah necessity<br />

fatwa decree, religious edict from a qualified scholar<br />

fiqh muamalat Islamic commercial law<br />

fuqaha Islamic jurists<br />

ghalat error in perception<br />

gharar elements <strong>of</strong> uncertainty and cheating<br />

ghasb usurpation, <strong>the</strong> invasion <strong>of</strong> property rights in an<br />

open and flagrant manner<br />

hadith prophetic tradition<br />

halal lawful<br />

haq right<br />

haq dayn debt right<br />

haq maliy rights on assets with financial values<br />

haq tamalluk ownership right<br />

hawalah debt assignment contract<br />

hibah gift<br />

hukm <strong>Shariah</strong> ruling<br />

i`arah asset borrowing<br />

ihtiyat precautionary measure<br />

ijmak consensus <strong>of</strong> Islamic scholars and jurists<br />

172

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