ISSN 2394-5125
 

Research Article 


THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad.

Abstract
The purpose of this study is to identifying the perception on the Shari„ah Advisory Boards (SABs) in Islamic
financial institutions in order to verify and validate of the basic fundamentals of the Maqasid al-Shari„ah Framework (MSF),
which include the Islamic Financial transactions (Fiqh al-Mu„amalat), fiqh maxims (Qawa‟id al-Fiqhiyyah) and fiqh priorities
(Fiqh al-Aulawiyyat). The objectives of Shari„ah (Maqasid al-Shari„ah) are the key to better understand the Shari„ah in its true
perspective. Hence, this paper will explain the basis fundamentals of the Maqasid Shari„ah as a guideline for Shari„ah scholars to
arrive at a more precise ijtihad in their assessment of Islamic financial products development. Hence, this study give
recommendation the distinctive fundamentals of Maqasid Shari„ah model should have an Islamic financial transactions (fiqh almu„
amalat), fiqh maxims (qawa„id al-fiqhiyyah) and fiqh of priorities (fiqh al-aulawiyyat), in assisting the Shari„ah scholars
producing more appropriate ijtihad in Islamic banking and finance products matters, which contribute towards promoting justice
and welfare of public interest (maslahah) as well as in promoting awareness of people‟s needs.

Key words: Islamic Financial Products, Maqasid Al-Shari„ah, Islamic Financial, Fiqh Maxims, Fiqh Of Priorities, Public Interest


 
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How to Cite this Article
Pubmed Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. JCR. 2020; 7(4): 2384-2389. doi:10.31838/jcr.07.04.370


Web Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. http://www.jcreview.com/?mno=132474 [Access: June 02, 2021]. doi:10.31838/jcr.07.04.370


AMA (American Medical Association) Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. JCR. 2020; 7(4): 2384-2389. doi:10.31838/jcr.07.04.370



Vancouver/ICMJE Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. JCR. (2020), [cited June 02, 2021]; 7(4): 2384-2389. doi:10.31838/jcr.07.04.370



Harvard Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad (2020) THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. JCR, 7 (4), 2384-2389. doi:10.31838/jcr.07.04.370



Turabian Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. 2020. THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. Journal of Critical Reviews, 7 (4), 2384-2389. doi:10.31838/jcr.07.04.370



Chicago Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. "THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH." Journal of Critical Reviews 7 (2020), 2384-2389. doi:10.31838/jcr.07.04.370



MLA (The Modern Language Association) Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad. "THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH." Journal of Critical Reviews 7.4 (2020), 2384-2389. Print. doi:10.31838/jcr.07.04.370



APA (American Psychological Association) Style

Wan Nazjmi Mohamed Fisol, Yusuf Haji-Othman, Akli Ahmad (2020) THE ENGINEERING OF ISLAMIC FINANCIAL PRODUCTS THROUGH THE FUNDAMENTAL OF THE MAQASID ALSHARI‘ AH. Journal of Critical Reviews, 7 (4), 2384-2389. doi:10.31838/jcr.07.04.370