Calendar, settlement and markets

Hijri calendar

The Islamic lunar calendar of twelve months, used for religious dates, zakat and, in some markets, official and business dates.

The Hijri calendar is the Islamic lunar calendar, counted from the Prophet's migration from Mecca to Medina, with twelve months of twenty-nine or thirty days. A Hijri year is about eleven days shorter than a Gregorian year, so Hijri dates move through the seasons. Some countries use a calculated calendar, such as Saudi Arabia's Umm al-Qura calendar, while others begin months by moon sighting, which affects holidays and business days.

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

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