Islamic commercial law is an important component of al-fi qhal-mu’amalat. Its fundamental principles are provided by the Qur’an and the Sunnah. In the light of these principles, Muslim jurists have provided in great detail scholarly works on each individual contract. Islamic contracts are seen as a means that provide various options in order to obtain permissible ( halal ) earnings. Earning in a permissible way is considered an act of worship (‘ ibadah) in Islam. Muslim jurists in their voluminous books on Islamic Fiqh have discussed together the rules pertaining to worship ( fi qh al-’ibadat ) and the rules pertaining to commerce and business ( fi qh al-mu’amalat ) and give them equal treatment and signifi cance. A chapter would discuss the pillars ( arkan ) and conditions ( shurut ) for prayer ( salat ), while the next chapter would discuss the pillars and conditions of sale ( bay’ ) or partnership ( musharakah ) contracts. Any discussion on a certain contract would take into account the prohibitions of usury ( riba ), ambiguity ( gharar ), gambling ( maysir ), and other unlawful practises. Th e holistic approach adopted by Muslim jurists would also relate discussions on an individual contract to the objectives of Shari’ah , which further supplemented the already existing body of literature on Islamic commercial and fi nancial laws.