Islamic religious law that governs not only religious rituals, but aspects of day-to-day life in Islam. Sharia, literally translated, means "the way."

There is extreme variation in how Sharia is interpreted and implemented among and within Muslim societies today. This is especially prevalent for its financial laws.

Also known as "Shariah" or "Shari'a"

Sharia-compliant finance is an area of modern finance that is growing among many banks and investment houses. This is due in part to investors eager to work with the Middle East as oil prices continue to increase. Western financial services firms are beginning to offer Shariah-compliant investment vehicles that neither pay interest, nor benefit from gambling.

In late 2007, a Sharia index was launched on the Tokyo Stock Exchange. This index includes companies that comply with Sharia law. The companies included in this index are screened on a daily basis, and exclude non Sharia-compliant companies such as casinos, and alcohol and tobacco companies.

In the West, Sharia-compliant investments are similar to socially responsible investments.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Sharia — Sharía al Islamiya o sharia al Islamiya o hispanizado charía o saría (en árabe, شريعة إسلامية šarīʿa, vía o sendo del Islam ), llamada en ocasiones en los medios occidentales ley musulmana (y no ley islámica[cita requerida], ya que podría… …   Wikipedia Español

  • Sharia — n. Islamic law, based on interpretation of the Quran and other sources of Muslim doctrine. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. sharia See …   Law dictionary

  • Sharia — o ley islámica, para los musulmanes la ley de Dios como fue revelada por Mahoma. Esta ley evoca lealtad y compromiso en un musulmán. La palabra Sharia significa “el camino al manantial”. Denota un islámico modo de vivir que es más que un sistema… …   Enciclopedia Universal

  • sharia — [shä rē′ä, shə rē′ə] n. 〚Ar〛 Islamic law as derived from the Koran and the traditions of Islam * * * …   Universalium

  • sharia — (n.) Islamic religious law, 1855, from Arabic shari ah the revealed law, from shar revelation …   Etymology dictionary

  • sharia — ► NOUN ▪ Islamic canonical law based on the teachings of the Koran and the traditions of Muhammad. ORIGIN Arabic …   English terms dictionary

  • sharia — [shä rē′ä, shə rē′ə] n. [Ar] Islamic law as derived from the Koran and the traditions of Islam …   English World dictionary

  • Sharia — Not to be confused with Shahriyār. This article is part of the series …   Wikipedia

  • Shariá — Шарья Shariá Bandera …   Wikipedia Español

  • Sharia — Dieser Artikel oder Abschnitt ist nicht hinreichend mit Belegen (Literatur, Webseiten oder Einzelnachweisen) versehen. Die fraglichen Angaben werden daher möglicherweise demnächst gelöscht. Hilf Wikipedia, indem du die Angaben recherchierst und… …   Deutsch Wikipedia

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