An analysis on Islamic social finance for protection and preservation of Maqāṣid al-Sharī‘ah

Mohd. Zain, Nor Razinah and Engku Ali, Engku Rabiah Adawiah (2017) An analysis on Islamic social finance for protection and preservation of Maqāṣid al-Sharī‘ah. Journal of Islamic Finance, 6 (Special Issue). pp. 133-141. ISSN 2289-2109 E-ISSN 2289-2117

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Abstract

Islamic social finance is akin to the conventional social finance but the former is subjected to the established principles of Sharī‘ah. In generating positive impacts to the society, the Islamic social finance and its instruments must be utilised in protecting and preserving the Maqāṣid al-Sharī‘ah. A critical analysis on the Islamic social finance in relation to the Maqāṣid al-Sharī‘ah is provided through this research. By using the doctrinal and qualitative methods, the practices of the Islamic social finance as applied in OIC member states are reviewed and provided as examples. Problems of implementation of Islamic social finance in the OIC countries are listed; while tentative solutions are suggested with a hope of triggering better solutions. At the end of discussion, a list of recommendations for future researches is proposed for considerations.

Item Type:	Article (Journal)
Additional Information:	949/61307
Uncontrolled Keywords:	Islamic social finance, Maqāṣid al-Sharī‘ah, and OIC member states
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Engku rabiah adawiah Engku ali
Date Deposited:	12 Jan 2018 14:48
Last Modified:	12 Dec 2018 11:27
URI:	http://irep.iium.edu.my/id/eprint/61307

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