Objectives Of Shariah Research Articles

Https://www.kau.edu.sa/Files/320/Researches/59363_29707.pdf

“Maqasid-e-Shariat” (Objectives of the Shariah) is the latest work by Prof. M.N. Siddiqi, first published by the Islamic Research Academy, Islamabad, and republished by the Markazi Maktabah-e-Islami, New Delhi. We have before us the one published from New Delhi. The subject of Objectives of Shariah has assumed utmost importance these days in the wake of numerous new issues faced by the Ummah in recent years. The Urdu language is spoken by a very large number of Muslim population and scholars in the world. But writings on this topic are very few in this Islamically rich language. Prof. Siddiqi seeks to fill this gap and wants to address those who master only this language.

Money as it Should Be, in an Islamic System

The paper derives from Shariah texts and major judicial interpretations the normative characteristics of money in an Islamic society. It concludesfznt that realizing Shariah objectives and filings related to money does not require maintaining the material manifistation of money (i.e gold & silver bimetalic system), as it was at the Prophet’s time, but does require stability in the value of money, ‘thich stability is a prime condition for efficiently maintaining the thndions of money. It concludes, secondly, that issuing or generation of government (fiduciaay) money is a governmental duty that may not be delegated to non-governmental profit-seeking entities such as commercial banks. Opposite iews are also discussed. The paper concludes that achieving the shasiali objective of stability in the value of money requires an honest, efficient and independent monetary authority.