Application of Islamic law by country in case legislation is silent or unclear. Sharia courts handle personal status laws. A personal status law was codified in 2009 to regulate personal status matters. It applies only to Sunni Muslims; there is no codified personal status law for Shiites. In a Shari’a court a Muslim woman's testimony is worth half of that of a Muslim man. Marriage, divorce, alimony and property inheritance are regulated by Sharia for Muslims. The Muslim Personal Law (Shariat) Application Act, 1937 (XXVI of 1937) applies to Muslims in all matters relating to Family Affairs. Islamic family law is applied through the regular court
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