Hajah in Islamic Finance : mastering the doctrine of need in Shariʿah decision making
Joint Authors
Shafii, Zurina
Abd al-Mubin, Muhammad
Agha, Ihsan Allah
Source
Journal of Fatwa Management and Research
Issue
Vol. 26, Issue 1 (31 Oct. 2021), pp.37-50, 14 p.
Publisher
Islamic Science University of Malaysia World Fatwa Management and Research Institute
Publication Date
2021-10-31
Country of Publication
Malaysia
No. of Pages
14
Main Subjects
Abstract EN
Islamic financial institutions (IFIs) are compelled to operate in a highly regulated environment without jeopardizing the Sharīʿah governance framework.
To deal with arising challenges, Sharīʿah decision-makers sometimes rely on the doctrine of ḥājah (need) as a device to enact a concessionary ruling.
However, critiques argue that ḥājah has been used as a pretext to circumvent Islamic commercial law.
This paper is an attempt to develop a possible criterion for making a legitimate need-based Sharīʿah solution for IFIs.
The research concluded that a Sharīʿah vetted ḥājah can be leveraged by Sharīʿah decision-makers as a tool to address a legitimate challenge faced by individuals or corporations keeping in view the proposed parameters.
American Psychological Association (APA)
Abd al-Mubin, Muhammad& Agha, Ihsan Allah& Shafii, Zurina. 2021. Hajah in Islamic Finance : mastering the doctrine of need in Shariʿah decision making. Journal of Fatwa Management and Research،Vol. 26, no. 1, pp.37-50.
https://search.emarefa.net/detail/BIM-1420097
Modern Language Association (MLA)
Abd al-Mubin, Muhammad…[et al.]. Hajah in Islamic Finance : mastering the doctrine of need in Shariʿah decision making. Journal of Fatwa Management and Research Vol. 26, no. 1 (Oct. 2021), pp.37-50.
https://search.emarefa.net/detail/BIM-1420097
American Medical Association (AMA)
Abd al-Mubin, Muhammad& Agha, Ihsan Allah& Shafii, Zurina. Hajah in Islamic Finance : mastering the doctrine of need in Shariʿah decision making. Journal of Fatwa Management and Research. 2021. Vol. 26, no. 1, pp.37-50.
https://search.emarefa.net/detail/BIM-1420097
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1420097