Application of Islamic law by country article 170, section 5 of the constitution, the jurisdiction of Kadhis’ court is limited to matters relating to "personal status, marriage, divorce or inheritance in proceedings in which all the parties profess the Muslim religion and submit to the jurisdiction of the Kadhi’s courts". Qaddafi merged civil and sharia courts in 1973. Civil courts now employ sharia judges who sit in regular courts of appeal and specialise in sharia appellate cases. The personal status laws are derived from Islamic law. It has a civil law system influenced by customary law. In urban areas, positive law is common. In rural areas
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