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Shariah Scholars and Fatwa Making Process in Islamic Finance

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 chal...

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Main Author: Yasmin Hanani Mohd Safian
Format: Article
Language:Malay
Published: Universiti Sains Islam Malaysia 2019
Subjects:
Shariah scholars
ijtihad
Islamic finance innovations
Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/18132
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spelling my.usim-181322019-04-17T06:49:01Z Shariah Scholars and Fatwa Making Process in Islamic Finance Yasmin Hanani Mohd Safian Shariah scholars ijtihad Islamic finance innovations 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. 2019-04-17T06:49:01Z 2019-04-17T06:49:01Z 2017 Article http://ddms.usim.edu.my:80/jspui/handle/123456789/18132 ms Universiti Sains Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language Malay
topic Shariah scholars
ijtihad
Islamic finance innovations
spellingShingle Shariah scholars
ijtihad
Islamic finance innovations
Yasmin Hanani Mohd Safian
Shariah Scholars and Fatwa Making Process in Islamic Finance
description 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.
format Article
author Yasmin Hanani Mohd Safian
author_facet Yasmin Hanani Mohd Safian
author_sort Yasmin Hanani Mohd Safian
title Shariah Scholars and Fatwa Making Process in Islamic Finance
title_short Shariah Scholars and Fatwa Making Process in Islamic Finance
title_full Shariah Scholars and Fatwa Making Process in Islamic Finance
title_fullStr Shariah Scholars and Fatwa Making Process in Islamic Finance
title_full_unstemmed Shariah Scholars and Fatwa Making Process in Islamic Finance
title_sort shariah scholars and fatwa making process in islamic finance
publisher Universiti Sains Islam Malaysia
publishDate 2019
url http://ddms.usim.edu.my:80/jspui/handle/123456789/18132
_version_ 1645154626365816832
score 13.222552

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