ABSTRACT
Sunnah literally means a way or a path in Arabic. Technically, it is defined by the jurists to mean that which issues forth from Prophet Muhammad including words, actions, or tacit approvals. The Sunnah is a much more elaborate source of rules than the Quran. While the principles of Islamic finance in the Quran are short and concise, the Sunnah may demonstrate them in a more elaborate manner. The Sunnah may be divided into sayings, actions and tacit approvals of the Prophet. The legal Sunnah means that the Prophet acted in the capacity of a messenger of Allah in teaching people their faith, such as the way he prayed and conducted commerce. The prohibition of maysir by the Quran is elaborated in the Sunnah to include gharar, which is a form of uncertainty but less severe, yet it is unacceptable due to its manipulative nature.
