Application of Maqasid al-Shariah in Islamic Finance & Economics

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Application of Maqasid al-Shariah in Islamic Finance & Economics

  1. 1. APPLIYING MAQASID AL-SHARIAH TO ISLAMIC FINANCE & ECONOMICS By SHAYA’A OTHMAN, Presentation at Langkawi Finance & Economics International Conference [LIFE2] on 13 th and 15 th December 2010
  2. 2. Prior 1970’s 1970’s 1980’s 1990’s CONTEMPORARY SIGNIFICANT DEVELOPMENTS IN ISLAMIC FINANCE 1970’s beyond 2000’s
  3. 3. Year 2012
  4. 4. MAQASID AL-SHARIAH MANAGEMENT STRATEGY FUTURE SUSTAINABILITY OF ISLAMIC FINANCE
  5. 5. Prior 1970’s 1970’s 1980’s 1990’s CONTEMPORARY Source: IFSB, IDB, IRTI (2010) Islamic Finance & Global Financial Stability SUSTAINING DEVELOPMENTS IN ISLAMIC FINANCE BEYOUND 2000’s BY APPLYING MAQASID AL-SHARIAH MANAGEMENT STRATEGY
  6. 6. PUTTING MAQASID AL-SHARIAH TO INDUSTRY
  7. 8. THEORIES
  8. 9. UNDERSTANDING Different Opinions of Ulama’ , Scholars, Professionals, lead to Unity in Action – allows Flexibility, Situational, Alternatives in its application to Industry. <ul><li>Understanding amongst Ulama </li></ul><ul><li>Understanding amongst Scholars. </li></ul><ul><li>Understanding amongst, Ulama’, Scholars & Professionals </li></ul>
  9. 10. INTEGRATION
  10. 11. INSANIAH SMART SCHOOL 2011 ANNUAL LENGKAWI ISLAMIC FINANCE AND ECONOMICS INTERNATIONAL CONFERENCE [LIFE]
  11. 12. MANAGEMENT PRACTICES
  12. 14. WHY THINKING AS ONE OF FUNCTION OF MANAGEMENT?
  13. 15. TRANSFORMING COVENTIONAL MANAGEMENT TO ISLAMIC MANAGEMENT
  14. 16. Attaining Goals of Maqasid Al-Shariah
  15. 17. SUMMARY
  16. 18. FOR DETAILS PLEASE COME TO A DISCUSSION ENTITLE THE NEED FOR MAQASID AL-SHARIAH IN THE MANAGEMENT STRATEGY OF CURRENT ISLAMIC BANKS BY SHAYA’A OTHMAN ON 14 TH December 2010 12.00 -1.30PM AT PARALLEL SESSION 2 ROOM 2 THANK YOU

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