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ABSTRACT
THE RULES OF IJTIHAD (REASONING) OF CONTEMPORARY FINANCIAL
TRANSACTIONS JURISPRUDENCE THEORETICAL ANALYTICAL STUDY
THIS RESEARCH DEALS WITH THE RULES OF ISLAMIC JURISPRUDENCE OF
REASONING REGARDING THE CONTEMPORARY FINANCIAL TRANSACTIONS
WHICH HELPS TO DEDUCE THE ISLAMIC RULINGS OF THE NEW FINANCIAL
ISSUES. THE PAPER SHOWS THE SIGNIFICANCE OF CONSIDERING THESE
RULES IN DEDUCTION PROCESS WHEN DEALING WITH NEW OCCURRENCE.
IT HELPS THE SCHOLARS TO DEALS WITH PEOPLE'S NEEDS DEPENDING ON A
SCIENTIFIC METHODOLOGY AND FOLLOWING ACADEMIC APPROACH AND
BASED ON JURISPRUDENTIAL FOUNDATIONS IN REASONING.
IN CONCLUSION THE PAPER SHOWS THE NECESSITY OF CONSIDERING THE
FOLLOWING RULES:
Understanding precisely and comprehensively the case before
judging it.
Studying the case objectively and avoiding prejudice as much as
possible.
Choosing the appropriate jurisprudential methodology of deduction
Studying the financial case from jurisprudential approach and
using the means of weightings between the opinions
Avoiding the literal understanding of the evidence and considering
the causes of legislation.
Searching for the economic dimension for which the ruling was
legislated.
Realizing the reality and the context of people.
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Recognizing the contemporary economic and legal concepts and
their meanings.
Considering the time change and its influence on the situation of
people.
Doing one's utmost to search for the lawful alternative.
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