Islamic finance law considered

Dr Pejman Abedifar, Honorary Lecturer with the School of Management, has had a study published by Religions, the international, interdisciplinary, peer-reviewed, open access journal on religions and theology.

The article, titled Formalism versus Purposivism in Islamic Jurisprudence: The Case of Islamic Finance Law, discusses current implications of scriptural injunctions related to the financial activities of Muslims.

Dr Abedifar notes:

Today's Muslims inherited Islamic scripture that was introduced to medieval seventh-century society in the Arabian Peninsula. The key challenge for contemporary Muslims is how they should apply the sacred orders in present times; that is, whether they should observe them literally or consider the objectives of the orders given the context within which they were revealed.

The study puts forward the necessity of adopting the maqāsid approach, or purposivism, in Islamic jurisprudence.

Read the article at https://doi.org/10.3390/rel14040465.