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 and securities trading call option as "extremely controversial among `traditional`" Islamic banking and finance scholars. Sharia and securities trading The Islamic banking and finance movement that developed in the late 20th century as part of the revival of Islamic identity, sought to create an alternative to conventional banking that complied with sharia (Islamic) law. Following sharia it banned from its practices "riba", (usury) — which it defined as any interest paid on all loans of money — and involvement in "haram" (forbidden) goods or services such as pork or alcohol. In addition, it also forbid gambling ("maisir") and excessive risk ("bayu al-gharar"). This