Application of Islamic law by country recognize sharia; however, some that do recognize sharia use it as the basis for divorce, inheritance and other personal affairs of their Islamic population. And in countries where Islam is the predominant religion, sharia is fully instituted, including laws governing punishment for sin against Allah and Islam – not just divorce, inheritance and personal affairs. Sharia law in this article means the moral code and religious law of Islam. It includes criminal, civil, personal, economic and all aspects of law as revealed in Quran and Hadiths; in its strictest and most historically coherent definition, sharia is considered the infallible law
Sharia the liabilities of its managers, shareholders, and employees; exists beyond the lifetimes of its founders; and that can own assets, sign contracts, and appear in court through representatives. Interest prohibitions imposed secondary costs by discouraging record keeping and delaying the introduction of modern accounting. Such factors, according to Timur Kuran, have played a significant role in retarding economic development in the Middle East. Sharia Sharia (), Sharia law, or Islamic law ( ) is a religious law forming part of the Islamic tradition. It is derived from the religious precepts of Islam, particularly the Quran and the Hadith. In Arabic,