Maqasid Al-Shari'ah In Islamic Finance Theory and Application

Maqasid Al-Shari'ah In Islamic Finance Theory and Application

Author: Muhammad Shahrul Ifwat Ishak
Publisher: Penerbit UNISZA
ISBN: 9789672231615
Year: 2020
Weight:
Pages: 183
Price: RM35

Over the period, maqasid al-Shariah has been promoted as the key reform for Islamic finance practices. This subject the idea of achieving maslahah through the implementation of Shariah rulings. As a result, maqasid al-shariah plays essential roles both in establishing regulations and in developing products in the Islamic finance industry. Nevertheless, applying maqasid al-shaarian sometimes becomes a matter of dispute in terms of its application. This includes interpreting Shariah rulings and to implement them in actual situations, in which some scholars claim that maqasid al-shariah is musused by certain groups to justify controversial practices. In this regard, this book attempts to clarify the concept of maqasid al-shariah and its application in Islamic finance. With a combination between theory and the current practices in the industry particularly in Malaysia, it highlights a fresh and in-depth discussion regarding the subject.