Developments in Islamic legal maxims and their application to financial transactions

The practices of contemporary Islamic finance have been mounted with criticisms that are assumingly based on lack of incorporating the maqasid (goals and objectives) of Shari`ah and failure to extrapolate all sources available for ‘dynamising’ the Islamic legal theory and practice. Islamic legal max...

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Main Authors:	Faruq, Abu Umar, Osmani, Noor Mohammad, Shahed, A.K.M., Karim, Fazlul
Format:	Conference or Workshop Item
Language:	English English
Published:	2009
Subjects:	KBP469 Influence of other legal systems on Islamic law
Online Access:	http://irep.iium.edu.my/4400/ http://irep.iium.edu.my/4400/1/Shariah_Maxims_and_its_Financial_application.pdf http://irep.iium.edu.my/4400/4/Conference_Program_on_Harmonisation_of_Shariah_and_Civil_laws_Dec_09_support_doc.pdf

id	iium-4400
recordtype	eprints
spelling	iium-44002012-02-17T07:35:34Z http://irep.iium.edu.my/4400/ Developments in Islamic legal maxims and their application to financial transactions Faruq, Abu Umar Osmani, Noor Mohammad Shahed, A.K.M. Karim, Fazlul KBP469 Influence of other legal systems on Islamic law The practices of contemporary Islamic finance have been mounted with criticisms that are assumingly based on lack of incorporating the maqasid (goals and objectives) of Shari`ah and failure to extrapolate all sources available for ‘dynamising’ the Islamic legal theory and practice. Islamic legal maxims is one of the sciences which aphoristically subsume all the spectrums in which the purpose of Shari`ah is promoted. There are five basic Islamic legal maxims on which the tenet of Shari`ah is based. Some are of general application, while others apply to a particular area of Islamic Jurisprudence including fiqh al-mu`amalaat (the jurisprudence of financial transactions). One such maxim which is reflected in this notion is a particular activity is permissible unless there is a clear prohibition against it. The study is aimed inter-alia to address how the application of the legal maxims to financial transactions can be explored to respond to criticisms mounted about Islamic finance practices. 2009-12-08 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/4400/1/Shariah_Maxims_and_its_Financial_application.pdf application/pdf en http://irep.iium.edu.my/4400/4/Conference_Program_on_Harmonisation_of_Shariah_and_Civil_laws_Dec_09_support_doc.pdf Faruq, Abu Umar and Osmani, Noor Mohammad and Shahed, A.K.M. and Karim, Fazlul (2009) Developments in Islamic legal maxims and their application to financial transactions. In: 4th International Conference on Harmonisation of Civil law and Shari`ah, 8-9 December 2009, Attorney General’s chambers, Putrajaya, Malaysia.
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	KBP469 Influence of other legal systems on Islamic law
spellingShingle	KBP469 Influence of other legal systems on Islamic law Faruq, Abu Umar Osmani, Noor Mohammad Shahed, A.K.M. Karim, Fazlul Developments in Islamic legal maxims and their application to financial transactions
description	The practices of contemporary Islamic finance have been mounted with criticisms that are assumingly based on lack of incorporating the maqasid (goals and objectives) of Shari`ah and failure to extrapolate all sources available for ‘dynamising’ the Islamic legal theory and practice. Islamic legal maxims is one of the sciences which aphoristically subsume all the spectrums in which the purpose of Shari`ah is promoted. There are five basic Islamic legal maxims on which the tenet of Shari`ah is based. Some are of general application, while others apply to a particular area of Islamic Jurisprudence including fiqh al-mu`amalaat (the jurisprudence of financial transactions). One such maxim which is reflected in this notion is a particular activity is permissible unless there is a clear prohibition against it. The study is aimed inter-alia to address how the application of the legal maxims to financial transactions can be explored to respond to criticisms mounted about Islamic finance practices.
format	Conference or Workshop Item
author	Faruq, Abu Umar Osmani, Noor Mohammad Shahed, A.K.M. Karim, Fazlul
author_facet	Faruq, Abu Umar Osmani, Noor Mohammad Shahed, A.K.M. Karim, Fazlul
author_sort	Faruq, Abu Umar
title	Developments in Islamic legal maxims and their application to financial transactions
title_short	Developments in Islamic legal maxims and their application to financial transactions
title_full	Developments in Islamic legal maxims and their application to financial transactions
title_fullStr	Developments in Islamic legal maxims and their application to financial transactions
title_full_unstemmed	Developments in Islamic legal maxims and their application to financial transactions
title_sort	developments in islamic legal maxims and their application to financial transactions
publishDate	2009
url	http://irep.iium.edu.my/4400/ http://irep.iium.edu.my/4400/1/Shariah_Maxims_and_its_Financial_application.pdf http://irep.iium.edu.my/4400/4/Conference_Program_on_Harmonisation_of_Shariah_and_Civil_laws_Dec_09_support_doc.pdf
first_indexed	2023-09-18T20:12:35Z
last_indexed	2023-09-18T20:12:35Z
_version_	1777407576772706304

Developments in Islamic legal maxims and their application to financial transactions

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