You are here

Home » Content

Maqasid al-Shari’ah as a Framework for Economic Development Theorization

Journal Name:

  • International Journal of Islamic Economics and Finance Studies

Publication Year:

  • 2016

Key Words:

Author NameUniversity of Author
Abstract (2. Language): 
Development studies has so far created a huge intellectual resource, including theories, models and policy prescriptions that have been implemented in most developing economies. However, development theorization has been generally dominated by the western materialist paradigm which is antithetical to the very philosophical foundations of Islam. Muslims, constituting at least a quarter of the world population, mostly live in the less developed economies and are therefore among the largest consumers of these materialist theories. Based on the premises that the Muslim world cannot address its multifarious development challenges by relying only on imported theories and models, and that as important stakeholders in the world, Muslims need to contribute to the global development discourse; this paper presents an Islamic alternative approach to the analysis of development based on the theory of maqasid al-Shari’ah. The paper proposes a maqasid-based development approach which sees development from the perspective of drawing benefit and removing harm, which require promoting things that make life easy, meaningful and prosperous and blocking all means to harm, socio-economic difficulty and underdevelopment. The three-stages development approach focuses on promoting wellbeing through the preservation and enhancement of five essential components; faith, life, intellect, offspring and wealth. The paper submits that maqasid al-Shari’ah is a veritable framework for, inter alia, formulating development policies and prioritizing development projects. The strength of the approach lies in the proper place it accords to faith, spirituality, and moral ethics as trigger mechanisms for sustained moderate development in addition to its emphasis on allencompassing but moderate material progress. The paper calls for an extensive study of the science of maqasid al-Shari’ah as it pertains to economic development discourse.
Bookmark/Search this post with
FULL TEXT (PDF): 
PDF icon arastirmax-maqasid-al-shariah-framework-economic-development-theorization.pdf
  • 1
27
49
  • English

REFERENCES

References: 

Ahmad, Z. (1991), Islam, Poverty and Income Distribution, The Islamic
Foundation, Leicester.
Ahmad, K. (2006), “The Economic Development in an Islamic
Framework”, in Sadeq, A. (2006), ed. Development Issues I Islam,
International Islamic University Malaysia, Kuala Lumpur.
Al-Mubarak, T. and Osmani, N. M. (n-d), “Application of Maqasid al-
Shari’ah and Maslaha in Islamic Banking Practices, An Analysis”,
http//irep.iium.edu
Al-Qaradawi, Y. (1977), al-Khasa’is al-Ammah li al-Islam, al-Maktab al-
Islami.
Al-Qaradawi, Y. (2010), Maqasid al-Shari’ah al-Muta’alliqah bi al-Mal, Dar
al-Shuruq, Cairo.
Al-Raysuni, A. (2011), Imam al-Shatibi’s Theory of the Higher Objectives
and Intents of Islamic Law, The International Institute of Islamic
Thought, London.
Al-Shatibi, M. A. (2003), al-Muwafaqat fi Usul al-Shari’ah, Al-Maktabah
al-Asriyyah, Bairut.
Al-Yubi, M.S (1433AH), Maqasid al-Shari’ah al-Islamiyyah wa alaqatuha bi
al-Adillah al-Shar’iyyah, 4th Edition, Dar al-Jauzi,
Attia, G. E. (2010), Towards Realization of the Higher Intents of the
Islamic Law: Maqasid al-Shari’ah, A Functional Approach,
International Institute of Islamic Thought, Herndon.
Auda, J. (2008), Maqasid al-Shari’ah: A Beginner’s Guide, International
Institute of Islamic Thought, London.
Auda, J. (2010), Maqasid al-Shari’ah as Philosophy of Islamic Law,
International Institute of Islamic Thought, Herndon
Bello, M. (2001), Keynote Address at the National Seminar on Shari’ah in
Nigeria, in Yakubu, A.M, Kani, A.M and Junaid M.I (2001) eds.
Understanding Shari’ah in Nigeria: Proceedings of the National
Seminar in Nigeria, Jama’atu Nasil Islam, Kaduna
IJISEF
48 Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi, 2016, Yıl: 2, Cilt: 2, Sayı: 1
Chapra, M.U. (1992), Islam and the Economic Challenge, The Islamic
Foundation and the International Institute of Islamic Thought,
Leicester
Chapra, M. U. (1979), Objectives of the Islamic Economic Order, The
Islamic Foundation, Leicester
Chapra, U.M (2008), The Islamic Vision of Development in the Light of
Maqasid al-Shari’ah, IIIT Occasional Paper Series, No. 15, The
International Institute of Islamic Thought, London
Cizaka, M. (2007), “Democracy, Economic Development and Maqasid al-
Shari’ah”, Review of Islamic Economics, Vol. 11, No.1, International
Association of Islamic Economics.
Farooq, O.M. (2008), “The Challenge of Poverty and the Poverty of Islamic
Economics”, Journal of Islamic Economics, Banking and Finance,
www.bidb.com.bn
Ibn al-Qayyim, M.A (2009), I‘lam al-Muwaqqi‘in ‘An Rabb al-‘Alamin, Dar
al-Gad al-Jadid, Cairo.
Ibn Abdussalam, I. (2002), Qawa’id al-Ahkam fi Masalih al-Anam, Dar al-
Bayan al-Arabi, Cairo
Ibn Ashur, M.A. (2006), Treatise on Maqasid al-Shari’ah, The International
Institute of Islamic Thought and Al-Maqasid Research Center in the
Philosophy of Islamic Law, London
Ismail, S. M. (2011), al-Ijtihad al-Jama’i wa Ahammiyyatuh fi Muwajahat
Mushkilat al-Asr wa Daur al-Majami’ al-Fiqhiyyah fi Tatbiqih. Dar
al-Salam, Cairo
Jhingan, M.L. (2008), The Economics of Development and Planning, 39th
Revised and Enlarged Edition, Vrinda Publications, ltd., Delhi.
Kamali, H. (2008), Maqasid al-Shari’ah Made Simple, International
Institute of Islamic Thought, London.
Kamali, M.H. (2008), Principles of Islamic Jurisprudence, Islamic Texts
Society, Cambridge
Khallaf, A. (nd), ‘Ilm Usul al-Fiqh, Maktabah al-Da’wah al-Islamiyyah,
Cairo
IJISEF
International Journal of Islamic Economics and Finance Studies, 2016, Year: 2, Vol: 2, No: 1 49
Kasule H.O (2010), “Biomedical Ethics: AN Islamic Formulation”, in
JIMA, Volume 42, 2010, p. 40, www.scholarlyexchange.org
Meier G.M. (203): “Ideas for Development” in Meier G.M. and Stiglitz J.E
(2003) eds. Frontiers of Development Economics, Oxford University
Press, New York.
Mukhtar A.W.(2014), Maqasid al-Shari’ah Inda al-Imam al-Shafi’i, Dar al-
Salam, Cairo
Mustafa, D. (2013), “Principles of Islamic Monetary System”, in Aliyu,
S.U.R. (2013) et al eds. Readings in Islamic Economics, International
Institution of Islamic Banking and Finance, Kano.
Qasmi M.N.A. (2009), Economy: The Islamic Approach, Darul-Ishaat,
Karachi.
Sen, A.K. (1981), Poverty and Famines: An Essay on Entitlement and
Deprivation, Oxford University Press, New York.
Sen, A.K. (1984), Resources, Values and Development, Oxford University
Press, New York
Sen, A.K. (1999), Development as Freedom, Oxford University Press, New
York,
Shehu, S. (2010), Social Justice and Leadership Responsibility in Islam: A
Primer for Good Governance in Nigeria, Muslim Students Society of
Nigeria, National Headquarters, Abuja .
Spicker, P. et al, (2007) eds., Poverty: An International Glossary, Second
Edition. Zed Books ltd. New York.

Thank you for copying data from http://www.arastirmax.com