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MAQASID AL SHARIAH AND THE ISLAMIC ECONOMY: AN INTRODUCTION

Presentation for Chapter 1 of "The Principle of Islamic Marketing" by Baker Ahmad Alserhan. Follow this link to get the material, https://wp.me/pbJOsi-6w

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MAQASID AL SHARIAH AND THE ISLAMIC ECONOMY: AN INTRODUCTION

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  1. MAQASID AL SHARIAH AND THE ISLAMIC ECONOMY: AN INTRODUCTION From “The Principles of Islamic Marketing” by Baker Ahmad Alserhan

  2. Outline • Introduction • What is Maqasid Al Shariah? • Classification of Maqasid Al Shariah • What is an Islamic Economy? • General Guidelines of Islamic Economy • Characteristic of Islamic Economy

  3. Introduction • Islam has a superior and independent economic system which is different from other systems • The Islamic economic system will prevail in the future because it is a complete way of life (Islamic Shariah) • The Islamic Shariah is meant to achieve specific goals, called Maqasid This Photo by Unknown Author is licensed under CC BY-SA-NC

  4. What is Maqasid Al Shariah? • The Islamic Shariah which covers all aspects of life also aims to achieve specific goals (Maqasid) for the individuals and groups who believe in and apply them • Maqasid al Shariah is related to two interlinked sets of rules: o Clarifying the Islamic belief system o Regulating the actual behavior of the Muslim people

  5. Classification of Maqasid Al Shariah Classification according to… Description Example Generality How general an aim is Macro aims Aims where all of Shariah rules meet and where single rules eventually lead to achievement Better planet, justice, human well- being Category aims Aims where a number of rules meet and are related to a specific life affair Family affairs, financial transactions, consumption, prayers Micro aims Single aims that single rules are made to achieve. These strengthen the category aims and all contribute towards the macro aims Ablutions (Wudu) for cleanliness and to prepare for prayers Continue…

  6. Classification of Maqasid Al Shariah (cont.) Classification according to… Description Example Scope Whether the aims are directed at the entire Muslim nation or to groups or individuals General purpose Aims that benefit the entire Muslim nation Justice, Takaful Specific purpose Aims that benefit individuals or specific groups Contract rules benefit only those who use contracts Dependency Which is a means and which is an end? Ends Aims that rules are made to protect intrinsically Social harmony Means Those that lead to achieving aims Marriage witnesses: validate marriage and protect rights Visit relatives: increase harmony between them Continue…

  7. Classification of Maqasid Al Shariah (cont.) Classification according to… Description Example Prominence According to their contribution to establishing Shariah overall goal Necessities Those necessary to realize overall Shariah aims Preservation of faith, honour, offspring, soul, wealth, mind Needs Those where failure to achieve will not lead to failure in realizing Shariah’s overall aims but will lead to hardship in doing so Not fasting in travelling: reduce hardship. Divorce if needed Improvements Aims where failure to realize will lead to loss of pleasure, serenity and peace and the prevalence of stress, uneasiness, and unhappiness Smiling, addressing others by their preferred names, appropriate clothing, gardens.

  8. What is an Islamic Economy? The Islamic way of organizing the economic part of Muslim people’s lives according to the general guidelines expressed in the Quran and the Sunnah This Photo by Unknown Author is licensed under CC BY-SA

  9. General Guidelines of Islamic Economy 1) Work is Halal and freedom to work 2) Trade is Halal but usury is Haram 3) The fruits of labour go to the labourer, and men and women are equal in that regard 4) The state has the power to redistribute wealth in society in case of grave disparities 5) It is Haram to transgress against a Muslim’s wealth in any way

  10. Characteristics of Islamic Economy 1) Islamic Economy has no separation between economy and religion 2) Islamic Economy aims to a noble cause: to build the earth and make it better in every way 3) The Islamic economy system has self-monitoring and control from the Muslim’s conscience, which is based on believing in Allah and in accountability in the Day of Judgment This Photo by Unknown Author is licensed under CC BY

  11. Thank You Designed by IslamicMarketing.xyz

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