January 2005
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26 Reads
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200 Citations
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Citations (1)
... The realization of Maqasid al-Shari'ah is central to Islamic banking and insurance, forming the foundation and essence of all contracts and transactions that are classified as 'Islamic'. 16 The Objectives of the Shari'ah can only be fully achieved in Islamic finance when all stakeholders, especially the promoters, management, staff, and Shari'ah scholars, are collectively aware of and sincerely committed to their moral responsibilities. This commitment must focus on ensuring that transactions are not only permissible but also serve the public good. ...
- Citing Book
January 2005