Shariah scholars and fatwa making process in Islamic finance
Author
Sufyani, Yasamin Hanani Muhammad
Source
Journal of Fatwa Management and Research
Issue
Vol. 10, Issue 1 (31 Dec. 2017), pp.120-135, 16 p.
Publisher
Islamic Science University of Malaysia World Fatwa Management and Research Institute
Publication Date
2017-12-31
Country of Publication
Malaysia
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Abstract EN
Islamic finance industry faces unprecedented new issues that need immediate attention by Shariah scholars.
The issues require the Shariah scholars to exercise their own ijtihad whether it is a collective or an independent ijtihad especially in the innovations of Islamic finance.
One of the main challenges in issuing a fatwa in the Islamic finance is the scholars have to innovate Shariah compliant products that are workable and meet the modern market needs.
To address this issue, it requires the scholars to have mastery skills in both the turath (classical knowledge) and contemporary knowledge in Islamic finance.
The study will evaluate the efforts of the scholars in the fatwa making process and examine the challenges faced over time.
American Psychological Association (APA)
Sufyani, Yasamin Hanani Muhammad. 2017. Shariah scholars and fatwa making process in Islamic finance. Journal of Fatwa Management and Research،Vol. 10, no. 1, pp.120-135.
https://search.emarefa.net/detail/BIM-1140698
Modern Language Association (MLA)
Sufyani, Yasamin Hanani Muhammad. Shariah scholars and fatwa making process in Islamic finance. Journal of Fatwa Management and Research Vol. 10, no. 1 (Dec. 2017), pp.120-135.
https://search.emarefa.net/detail/BIM-1140698
American Medical Association (AMA)
Sufyani, Yasamin Hanani Muhammad. Shariah scholars and fatwa making process in Islamic finance. Journal of Fatwa Management and Research. 2017. Vol. 10, no. 1, pp.120-135.
https://search.emarefa.net/detail/BIM-1140698
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1140698