---
title: "What is Fiqh al-muamalat? | IslamicOpenFinance™"
description: "The branch of Islamic jurisprudence that governs commercial and financial dealings between people."
url: https://islamicopenfinance.com/glossary/fiqh-al-muamalat/
lang: en-GB
source: "IslamicOpenFinance"
---

[Glossary](https://islamicopenfinance.com/glossary/) / [Shariah fundamentals](https://islamicopenfinance.com/glossary/#fundamentals)

Shariah fundamentals

# Fiqh al-muamalat

The branch of Islamic jurisprudence that governs commercial and financial dealings between people.

Fiqh al-muamalat is the branch of Islamic jurisprudence dealing with transactions: sales, leases, partnerships, agency, loans, guarantees and similar dealings. It supplies the contract types and conditions that Islamic finance builds on. Contemporary standard setters such as AAOIFI draw on it when they issue Shariah standards for modern products.

This entry explains a term; it is not a Shariah ruling. Approving a product is for each institution's own Shariah board and regulator.

## Related terms

[**Shariah** Islamic law and its principles; in finance, the rules that contracts, products and institutions are expected to comply with.](https://islamicopenfinance.com/glossary/shariah/) [**Murabaha** A sale at cost plus an agreed, disclosed profit; the seller must own the asset first. Payment is often deferred in instalments.](https://islamicopenfinance.com/glossary/murabaha/) [**Ijarah** A lease: the lessor owns the asset and sells its use for an agreed rent over an agreed period.](https://islamicopenfinance.com/glossary/ijarah/) [**Mudarabah** A partnership of capital and work: profit is shared by an agreed ratio, while financial loss falls on the capital provider.](https://islamicopenfinance.com/glossary/mudarabah/)

**Shariah fundamentals**

1. [Riba](https://islamicopenfinance.com/glossary/riba/)
2. [Gharar](https://islamicopenfinance.com/glossary/gharar/)
3. [Maysir](https://islamicopenfinance.com/glossary/maysir/)
4. [Shariah](https://islamicopenfinance.com/glossary/shariah/)
5. [Maqasid al-Shariah](https://islamicopenfinance.com/glossary/maqasid-al-shariah/)
6. [Riba al-nasiah](https://islamicopenfinance.com/glossary/riba-al-nasiah/)
7. [Riba al-fadl](https://islamicopenfinance.com/glossary/riba-al-fadl/)
8. [Al-ghunm bil-ghurm](https://islamicopenfinance.com/glossary/al-ghunm-bil-ghurm/)

[All 221 terms](https://islamicopenfinance.com/glossary/)