The role of Ijtihad in the development of contemporary Islamic economics in the light of Dr Ali Al-Qardaghi’s opinions

Abstract

The following research paper is an attempt to understand Islamic economics in the present era along with by what method to modernize and develop it. The researcher benefits from the apprehension and thoughtful of one of the personalities and scholars of Islam in the present era.
 We have attached science to Islamic economics which becomes" The Science of Islamic Economics" for the reason that the character through which we wanted to understand Islamic economics adopts this formula and looks at Islamic economics as a science with its foundations and the method of its development and modernization. We have demonstrated in present research that this science has its own peculiarity, the ground for its growth, and the method of its development and performance. The research represent the methodology of Dr. Ali Al-Qardaghi in his legal and scientific dealings with Islamic economics. The researcher uses the descriptive analytical method in his research. The research examines the importance of diligence (ijtihad) as one of the legal evidence in the process of building the contemporary Islamic economic system. Since the texts from the Qur’an and the Sunnah are not sufficiently available to extent and correspond to the developments of the era in this field, which have undergone a lot of change since the era of revelation to present day.. We ask God for success and guidance in our effort.