The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system
This paper will delienate the importance of understanding the maqasid of shari’ah in the development of Islamic banking and the financial system. The objectives of Islamic economics that are in line with the objectives of the maqasid of shari’ah need to be translated into various aspects of wealth a...
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| Format: | Article |
| Language: | English English |
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International Islamic University Malaysia
2016
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| Online Access: | http://irep.iium.edu.my/56583/ http://irep.iium.edu.my/56583/1/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah%20_WoS.pdf http://irep.iium.edu.my/56583/2/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah.pdf |
| _version_ | 1848784765873815552 |
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| author | Mohd Noor, Azman Kamarudin, Ainatul Aqilah Haron, Muhamad Nasir |
| author_facet | Mohd Noor, Azman Kamarudin, Ainatul Aqilah Haron, Muhamad Nasir |
| author_sort | Mohd Noor, Azman |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper will delienate the importance of understanding the maqasid of shari’ah in the development of Islamic banking and the financial system. The objectives of Islamic economics that are in line with the objectives of the maqasid of shari’ah need to be translated into various aspects of wealth acquisition, investment and expenses. There are specific objectives of the shari’ah in relation to financial transactions, such as the establishment of justice to the contracting parties, transparency, proper circulation of wealth and security that are the basis of the prohibitions of fraud, gambling, bribery, and all kinds of prohibitions that may render the transactions to be null and void; hence the incomes generated cannot be recognized. |
| first_indexed | 2025-11-14T16:42:27Z |
| format | Article |
| id | iium-56583 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:42:27Z |
| publishDate | 2016 |
| publisher | International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-565832017-04-19T01:14:24Z http://irep.iium.edu.my/56583/ The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system Mohd Noor, Azman Kamarudin, Ainatul Aqilah Haron, Muhamad Nasir HG1501 Banking This paper will delienate the importance of understanding the maqasid of shari’ah in the development of Islamic banking and the financial system. The objectives of Islamic economics that are in line with the objectives of the maqasid of shari’ah need to be translated into various aspects of wealth acquisition, investment and expenses. There are specific objectives of the shari’ah in relation to financial transactions, such as the establishment of justice to the contracting parties, transparency, proper circulation of wealth and security that are the basis of the prohibitions of fraud, gambling, bribery, and all kinds of prohibitions that may render the transactions to be null and void; hence the incomes generated cannot be recognized. International Islamic University Malaysia 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56583/1/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah%20_WoS.pdf application/pdf en http://irep.iium.edu.my/56583/2/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah.pdf Mohd Noor, Azman and Kamarudin, Ainatul Aqilah and Haron, Muhamad Nasir (2016) The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system. Al-Shajarah, 21 (3 Special Issue). pp. 41-65. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/412 |
| spellingShingle | HG1501 Banking Mohd Noor, Azman Kamarudin, Ainatul Aqilah Haron, Muhamad Nasir The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title | The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title_full | The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title_fullStr | The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title_full_unstemmed | The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title_short | The importance of understanding the maqasid of shari'ah in the development of Islamic banking and the financial system |
| title_sort | importance of understanding the maqasid of shari'ah in the development of islamic banking and the financial system |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/56583/ http://irep.iium.edu.my/56583/ http://irep.iium.edu.my/56583/1/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah%20_WoS.pdf http://irep.iium.edu.my/56583/2/56583_The%20importance%20of%20understanding%20the%20maqasid%20of%20shari%27ah.pdf |