In the case of Albaraka Bank v Halaal Royal Snacks, the court:

Question

Held that Islamic banking law differs from Sharia law.


Held that the court did not apply Sharia law in its decision, but held that there is nothing unlawful about Sharia law transactions in banking law being applied in South Africa.


Held that Islamic banking law is a source of South African law.


Held that there is nothing preventing Islamic banking law not to be regarded as a source of South African law.

Answer 1

In the case of Albaraka Bank v Halaal Royal Snacks, the court held that there is nothing unlawful about Sharia law transactions in banking law being applied in South Africa. This means that while the court acknowledged the distinctions between Islamic banking law and Sharia law, it affirmed the validity of applying Sharia-compliant transactions within the framework of South African law.