The actualization of maqāṣid al-Sharīʿah in Islamic finance: A conceptual framework

• Main Authors: Monawer, Abu Talib Mohammad, Rahman, Noor Naemah Abdul, Al-Nahari, Ameen Ahmed Abdullah Qasem, Abdullah, Luqman Haji, Ali, Abdul Karim, Meguellati, Achour
• Format: Article
• Language: English
• Published: Emerald 2022
• Subjects: Banking
• Online Access: http://eprints.um.edu.my/38179/1/content/doi/10.1108/IMEFM-06-2020-0293/full/html; http://eprints.um.edu.my/38179/; https://www.emerald.com/insight/content/doi/10.1108/IMEFM-06-2020-0293/full/html
• Institution: Universiti Malaya

Purpose This paper aims to formulate a conceptual framework that will facilitate the actualization of maqāṣid al-Sharīʿah in product design and consumption within Islamic financial institutions (IFIs). Design/methodology/approach This paper relies on the classical and contemporary literature on...