SlideShare a Scribd company logo
1 of 18
APPLIYING MAQASID AL-SHARIAH TO  ISLAMIC FINANCE & ECONOMICS By SHAYA’A OTHMAN, Presentation at Langkawi Finance & Economics International Conference [LIFE2] on 13 th  and 15 th  December 2010
Prior 1970’s 1970’s 1980’s 1990’s CONTEMPORARY SIGNIFICANT DEVELOPMENTS IN ISLAMIC FINANCE 1970’s beyond 2000’s
Year 2012
MAQASID AL-SHARIAH MANAGEMENT STRATEGY FUTURE SUSTAINABILITY OF  ISLAMIC FINANCE
Prior 1970’s 1970’s 1980’s 1990’s CONTEMPORARY Source: IFSB, IDB, IRTI (2010) Islamic Finance & Global Financial Stability SUSTAINING DEVELOPMENTS IN ISLAMIC FINANCE BEYOUND 2000’s BY APPLYING MAQASID AL-SHARIAH MANAGEMENT STRATEGY
PUTTING MAQASID AL-SHARIAH TO  INDUSTRY
 
THEORIES
UNDERSTANDING Different Opinions of Ulama’ , Scholars, Professionals,  lead to Unity in Action – allows  Flexibility, Situational, Alternatives in its application to Industry.  ,[object Object],[object Object],[object Object]
INTEGRATION
INSANIAH SMART SCHOOL 2011 ANNUAL LENGKAWI ISLAMIC FINANCE AND ECONOMICS INTERNATIONAL CONFERENCE [LIFE]
MANAGEMENT PRACTICES
 
WHY THINKING AS ONE OF FUNCTION OF MANAGEMENT?
TRANSFORMING COVENTIONAL MANAGEMENT TO ISLAMIC MANAGEMENT
Attaining Goals of Maqasid Al-Shariah
SUMMARY
FOR DETAILS  PLEASE COME TO A DISCUSSION ENTITLE THE NEED FOR MAQASID AL-SHARIAH IN THE MANAGEMENT STRATEGY OF CURRENT ISLAMIC BANKS BY  SHAYA’A OTHMAN ON  14 TH December 2010 12.00 -1.30PM AT PARALLEL SESSION 2 ROOM 2 THANK YOU

More Related Content

What's hot

Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
scmsnoida5
 
11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...
Alexander Decker
 
Tr global-islamic-asset-mgmt-report-2014
Tr global-islamic-asset-mgmt-report-2014Tr global-islamic-asset-mgmt-report-2014
Tr global-islamic-asset-mgmt-report-2014
Adil MSATFA
 
Islamic Project Finance in Saudi Arabia
Islamic Project Finance in Saudi ArabiaIslamic Project Finance in Saudi Arabia
Islamic Project Finance in Saudi Arabia
financedude
 
IF Education Landscape IFN 2017 Report
IF Education Landscape IFN 2017 ReportIF Education Landscape IFN 2017 Report
IF Education Landscape IFN 2017 Report
Mujtaba Khalid
 
Aftab Hasan Speaking At Ship Tek 2010
Aftab Hasan Speaking At Ship Tek   2010Aftab Hasan Speaking At Ship Tek   2010
Aftab Hasan Speaking At Ship Tek 2010
aftabhasan
 
Islamic finance (fahad.p)
Islamic finance (fahad.p)Islamic finance (fahad.p)
Islamic finance (fahad.p)
Fahad Aapu
 
Islamic Finance: An overview
Islamic Finance: An overviewIslamic Finance: An overview
Islamic Finance: An overview
Mahmoud Sami Nabi
 

What's hot (19)

Shereeza Mohamed Saniff
Shereeza Mohamed SaniffShereeza Mohamed Saniff
Shereeza Mohamed Saniff
 
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...
 
Understanding Islamic Finance
Understanding Islamic FinanceUnderstanding Islamic Finance
Understanding Islamic Finance
 
Gifr 2021 global islamic finance report
Gifr 2021  global islamic finance reportGifr 2021  global islamic finance report
Gifr 2021 global islamic finance report
 
Islamic finance 2012
Islamic finance 2012Islamic finance 2012
Islamic finance 2012
 
11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...
 
D S Slides For Toronto Final
D S  Slides For  Toronto  FinalD S  Slides For  Toronto  Final
D S Slides For Toronto Final
 
Tr global-islamic-asset-mgmt-report-2014
Tr global-islamic-asset-mgmt-report-2014Tr global-islamic-asset-mgmt-report-2014
Tr global-islamic-asset-mgmt-report-2014
 
The Development of Islamic Finance in the GCC
The Development of Islamic Finance in the GCCThe Development of Islamic Finance in the GCC
The Development of Islamic Finance in the GCC
 
Islamic Project Finance in Saudi Arabia
Islamic Project Finance in Saudi ArabiaIslamic Project Finance in Saudi Arabia
Islamic Project Finance in Saudi Arabia
 
IF Education Landscape IFN 2017 Report
IF Education Landscape IFN 2017 ReportIF Education Landscape IFN 2017 Report
IF Education Landscape IFN 2017 Report
 
Aftab Hasan Speaking At Ship Tek 2010
Aftab Hasan Speaking At Ship Tek   2010Aftab Hasan Speaking At Ship Tek   2010
Aftab Hasan Speaking At Ship Tek 2010
 
Back alley banking in arab countries by Bashar H. Malkawi
Back alley banking in arab countries by Bashar H. MalkawiBack alley banking in arab countries by Bashar H. Malkawi
Back alley banking in arab countries by Bashar H. Malkawi
 
Global trends in islamic banking - MIM Mediterranean Economic Forum 2014
Global trends in islamic banking - MIM Mediterranean Economic Forum 2014Global trends in islamic banking - MIM Mediterranean Economic Forum 2014
Global trends in islamic banking - MIM Mediterranean Economic Forum 2014
 
Islamic finance (fahad.p)
Islamic finance (fahad.p)Islamic finance (fahad.p)
Islamic finance (fahad.p)
 
Islamic Finance
Islamic FinanceIslamic Finance
Islamic Finance
 
Global acceptance and problems faced by islamic finance-Article
Global acceptance and problems faced by islamic finance-ArticleGlobal acceptance and problems faced by islamic finance-Article
Global acceptance and problems faced by islamic finance-Article
 
Islamic Finance: An overview
Islamic Finance: An overviewIslamic Finance: An overview
Islamic Finance: An overview
 
Presentation of the International Funds based on the Islamic Finance System M...
Presentation of the International Funds based on the Islamic Finance System M...Presentation of the International Funds based on the Islamic Finance System M...
Presentation of the International Funds based on the Islamic Finance System M...
 

Viewers also liked

Maqasid as shariah
Maqasid as shariahMaqasid as shariah
Maqasid as shariah
Mdm Fauziah Mohd Noor
 

Viewers also liked (11)

Maqasid as shariah
Maqasid as shariahMaqasid as shariah
Maqasid as shariah
 
Maqashid Syariah
Maqashid SyariahMaqashid Syariah
Maqashid Syariah
 
Sketsa Kembara 1000 Corners
Sketsa Kembara 1000 CornersSketsa Kembara 1000 Corners
Sketsa Kembara 1000 Corners
 
International institute of islamic thought (iiit)
International institute of islamic thought (iiit)International institute of islamic thought (iiit)
International institute of islamic thought (iiit)
 
Maqasid Syari'ah for the Rest of Us
Maqasid Syari'ah for the Rest of UsMaqasid Syari'ah for the Rest of Us
Maqasid Syari'ah for the Rest of Us
 
perbezaan maqasid dan wasail : syariah sem2 STPM 2016
perbezaan maqasid dan wasail : syariah sem2 STPM 2016perbezaan maqasid dan wasail : syariah sem2 STPM 2016
perbezaan maqasid dan wasail : syariah sem2 STPM 2016
 
[Slideshare]fiqh course#3-maqasid shariah(2011)
[Slideshare]fiqh course#3-maqasid shariah(2011)[Slideshare]fiqh course#3-maqasid shariah(2011)
[Slideshare]fiqh course#3-maqasid shariah(2011)
 
Maqasid or Objectives of Shariah
Maqasid or Objectives of ShariahMaqasid or Objectives of Shariah
Maqasid or Objectives of Shariah
 
Chapter 3 Islamic Economic System and Conventional
Chapter 3  Islamic Economic System and ConventionalChapter 3  Islamic Economic System and Conventional
Chapter 3 Islamic Economic System and Conventional
 
Al maqasid
Al maqasidAl maqasid
Al maqasid
 
Islamic banking
Islamic bankingIslamic banking
Islamic banking
 

Similar to Application of Maqasid al-Shariah in Islamic Finance & Economics

11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...
Alexander Decker
 
MSm Es and their role in ensuring sustainable economic development in india c...
MSm Es and their role in ensuring sustainable economic development in india c...MSm Es and their role in ensuring sustainable economic development in india c...
MSm Es and their role in ensuring sustainable economic development in india c...
prj_publication
 
impactofglobalizationonmanagementssi.pptx
impactofglobalizationonmanagementssi.pptximpactofglobalizationonmanagementssi.pptx
impactofglobalizationonmanagementssi.pptx
visan1126
 

Similar to Application of Maqasid al-Shariah in Islamic Finance & Economics (20)

From Development To Democracy
From Development To DemocracyFrom Development To Democracy
From Development To Democracy
 
My presentation
My presentationMy presentation
My presentation
 
Convergence with the Islamic Economy
Convergence with the Islamic EconomyConvergence with the Islamic Economy
Convergence with the Islamic Economy
 
Nining Islamiyaha, Arikha Fazial Ridhoa & Moh. Rusdinal Muslih
Nining Islamiyaha, Arikha Fazial Ridhoa & Moh. Rusdinal MuslihNining Islamiyaha, Arikha Fazial Ridhoa & Moh. Rusdinal Muslih
Nining Islamiyaha, Arikha Fazial Ridhoa & Moh. Rusdinal Muslih
 
MTBiz April, 2012
MTBiz April, 2012MTBiz April, 2012
MTBiz April, 2012
 
Global Islamic Microfinance Forum Report - 2011 - 2016
Global Islamic Microfinance Forum Report  - 2011 - 2016Global Islamic Microfinance Forum Report  - 2011 - 2016
Global Islamic Microfinance Forum Report - 2011 - 2016
 
Report of Global Islamic Microfinance Forums (2011-2015) by AlHuda CIBE
Report of Global Islamic Microfinance Forums (2011-2015) by AlHuda CIBEReport of Global Islamic Microfinance Forums (2011-2015) by AlHuda CIBE
Report of Global Islamic Microfinance Forums (2011-2015) by AlHuda CIBE
 
FINANCIAL INCLUSION IN INDIA: A ROAD MAP TOWARDS FUTURE GROWTH
FINANCIAL INCLUSION IN INDIA: A ROAD MAP TOWARDS FUTURE GROWTHFINANCIAL INCLUSION IN INDIA: A ROAD MAP TOWARDS FUTURE GROWTH
FINANCIAL INCLUSION IN INDIA: A ROAD MAP TOWARDS FUTURE GROWTH
 
Economic Reform and Trade Liberalization- Story of India
Economic Reform and Trade Liberalization- Story of IndiaEconomic Reform and Trade Liberalization- Story of India
Economic Reform and Trade Liberalization- Story of India
 
Indian msm es initiatives and financing trends
Indian msm es initiatives and financing trendsIndian msm es initiatives and financing trends
Indian msm es initiatives and financing trends
 
FDI and India
FDI and IndiaFDI and India
FDI and India
 
11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...11.islamic banking a study of the relevant operating modes in current financi...
11.islamic banking a study of the relevant operating modes in current financi...
 
Islamic Finance: An Industry Overview
Islamic Finance: An Industry OverviewIslamic Finance: An Industry Overview
Islamic Finance: An Industry Overview
 
Final 1
Final 1Final 1
Final 1
 
D038027040
D038027040D038027040
D038027040
 
The Prospects and Problems of MSMEs sector in India an Analytical study
	The Prospects and Problems of MSMEs sector in India an Analytical study	The Prospects and Problems of MSMEs sector in India an Analytical study
The Prospects and Problems of MSMEs sector in India an Analytical study
 
contribution of small scale industries in economic developement
contribution of small scale industries in economic developementcontribution of small scale industries in economic developement
contribution of small scale industries in economic developement
 
MSm Es and their role in ensuring sustainable economic development in india c...
MSm Es and their role in ensuring sustainable economic development in india c...MSm Es and their role in ensuring sustainable economic development in india c...
MSm Es and their role in ensuring sustainable economic development in india c...
 
impactofglobalizationonmanagementssi.pptx
impactofglobalizationonmanagementssi.pptximpactofglobalizationonmanagementssi.pptx
impactofglobalizationonmanagementssi.pptx
 
Globalisation
GlobalisationGlobalisation
Globalisation
 

Recently uploaded

Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
Nauman Safdar
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
laloo_007
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
DUBAI (+971)581248768 BUY ABORTION PILLS IN ABU dhabi...Qatar
 

Recently uploaded (20)

Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Falcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial WingsFalcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial Wings
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Power point presentation on enterprise performance management
Power point presentation on enterprise performance managementPower point presentation on enterprise performance management
Power point presentation on enterprise performance management
 
BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdf
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
 

Application of Maqasid al-Shariah in Islamic Finance & Economics