My current study is about maqasid Shariah in Islamic finance. I feel interested in this field because it focuses on the philosophy behind the rules in Islam. Moreover, Maqasid Shariah plays important roles to make the rules in Islam down-to-earth.
In fact, all of the rules in Islam have their objective; securing the benefits for the mankind and preventing them against the harms. Specifically, every rule promotes the well-being of all mankind by safeguarding their faith, their life, their intellect, their lineage and their wealth. These are the basic concept of maqasid shariah (the objective of the religion) which is established through the Islamic primary sources, namely Quran and Hadith.
Focusing on Islamic finance, many scholars have emphasized the need to implement māqāṣid al-shariāh in Islamic finance; both at the level of the general framework of Islamic finance and at the level of product development. In other words, instead of restricting the view on the legal form of contract, the structuring financial products must ensure the justice, equity, transparency, circulation of wealth among the people as well as prevent them from harm and hardship.
Hopefully, I can contribute in this field. May Allah help me and ease everything. Ameen
