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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

Its teachings have the capacity to manage the whole life of all human
existence. The message of Islām is:

a. for all time;

b. to the whole world, to all people of all races in all situations;

c. to guide man throughout his life, his childhood, adolescence,
young, middle age, and old age; and

d. concerned with all aspects of man: mentally, physically and
spiritually.

5. Moderate (Wasaṭiyyah)

Sharī’ah is also balanced and moderate. It balances between the need
of the body and soul, intellect and emotions, this worldly life and
hereafter, theory and reality, thinking and acting, and the unseen and
the apparent. It promotes freedom, yet it commands responsibility. It
places a balanced focus on the individual as well as the community.

Allāh SWT says:
“But seek, through that which Allah has given you, the home of the
Hereafter; and [yet], do not forget your share of the world. And do
good as Allah has done good to you. And desire not corruption in the
land. Indeed, Allah does not like corrupters.”
(al-Qaṣas 28:77)

UNIT 6: THE OBJECTIVES OF SHARĪ’AH (MAQĀṢID AL - SHARĪ’AH)

The notion of Maqāṣid al-Sharī'ah revolves around the idea that all
injunctions and commandments of Sharī’ah aim at avoiding harm and acquiring
benefit to the whole mankind. Thus, the end result of each and every Sharī’ah
should always relate and adhere to these objectives.

Allāh SWT says:
“And We have sent you (O Muhammad SAW) not but as a mercy for al-‘Ālamīn
(mankind, genie and all that exist)”
(al-Anbiyā’ 21: 107)

The very word mercy (raḥmatan) in the verse includes anything that offers benefit
to mankind and prevents harms in the eyes of Allāh SWT. In this regard, the
great scholars of Maqāṣid al-Sharī'ah pointed out that Sharī’ah is meant for the
benefit of mankind, both in this world and the hereafter. This is the primary
objective and the unifying factor which can be seen in all the detailed rulings of
Sharī’ah.
Maqāṣid al- Sharī’ah
Maqāṣid is the plural form of maqṣad which literally refers to a purpose, aims at avoiding harm
and acquiring benefit to
objective, intent, goal or end. the whole mankind.