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Shari'ah Objectives and their Impact on the Jurisprudence of Financial Transaction المقاصد الشرعية و أثرها في فقه المعاملات المالية

Author

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  • RIYADH MANSUR AL-KHELAIFI

    (Office of the Shariah Consultancy, Kuwait)

Abstract

The paper aims at exploring the relationship between the objectives of the Shari'ah and the jurisprudence of financial transactions. This is done through the explanation of the nature of the objectives of the Shari'ah followed by a highlight of some jurisprudential practices of these objectives in financial transactions. The paper concludes that: - There is still a need for renovation in the field of the objectives of the Shari'ah and in the jurisprudence of financial transactions. - It is essential to present some advanced and specialized contributions in the relationships between the objectives of Shari'ah and the jurisprudence of financial transactions. - The Islamic Shari'ah has taken into account a number of general objectives in the codification of the financial transactions in particular and of the economic system in general. - All the objectives lead to the realization of the rule of Shari'ah which stipulates: procure the good and encourage it and repel the evil and discourage it. - The objectives of the Shari'ah have a great impact in guiding the rules of Shari'ah and fatawa especially in deciding upon newly developed financial transactions. يهدف هذا البحث الي نتائج اهمها. -لا زالت الحاجة قائمة للتجديد في مجال فقه المقاصد الشرعية وفقه المعاملات المالية. -ضرورية تقديم إسهامات متخصصة ومتقدمة في مجال البحث في العلاقة بين المقاصد الشرعية وفقه المعاملات المالية. -اعتبرت الشريعة الإسلامية عددا من المقاصد العامة، في تشريع المعاملات المالية خاصة والنظام الاقتصادي عامة. -التقاء جميع المقاصد في تحقيق القاعدة العامة في الشريعة وهي جلب المصالح وتكميلها وتكثيرها ودرء المفاسد وتقليلها. -الأثر البالغ للمقاصد الشرعية في ترشيد وتوجيه الفتاوى الشرعية لا سيما في مجال الحكم على مستجدات المعاملات المالية.

Suggested Citation

  • Riyadh Mansur Al-Khelaifi, 2004. "Shari'ah Objectives and their Impact on the Jurisprudence of Financial Transaction المقاصد الشرعية و أثرها في فقه المعاملات المالية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 17(1), pages 3-49, January.
    • Handle: RePEc:abd:kauiea:v:17:y:2004:i:1:no:5:p:3-49
    DOI: 10.4197/islec.17-1.5
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