The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)

Paying due attention to the relevant theoretical foundation is important in developing new rulings for application in fields such as modern banking and finance. Research on the primary layout of shari’ah rulings indicates that in many instances, individual theoretical foundations have served as the...

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Main Author: Sadique, Muhammad Abdurrahman
Format: Proceeding Paper
Language:English
Published: 2009
Subjects:
Online Access:http://irep.iium.edu.my/7260/1/The_Significance_of_Core_Theories_in_the_Islamic_Legal_Structure-Muhammad_Abdurrahman_Sadique.pdf
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author Sadique, Muhammad Abdurrahman
author_facet Sadique, Muhammad Abdurrahman
author_sort Sadique, Muhammad Abdurrahman
collection IIUM
description Paying due attention to the relevant theoretical foundation is important in developing new rulings for application in fields such as modern banking and finance. Research on the primary layout of shari’ah rulings indicates that in many instances, individual theoretical foundations have served as the basis for all the rulings on a specific legal area. A school’s approach to, and its rulings on, detailed issues related to a subject are shaped by the individual theoretical foundation developed by the school pertaining to the area of law concerned. In capital based partnerships, rulings of each school have been directly influenced by the distinct postulation adopted by the school with regard to the essence of shirkah. The perception of each school regarding the core structure of shirkah has dictated the approach of the school to the admissibility of various types of capital, liability of partners, and a multitude of related rulings. In deriving practical solutions to issues of current relevance, it should be ensured that the rulings reflect a uniform underlying theory, without contradiction at any level. This calls for a careful attempt to discover or remodel theoretical foundations of various topics, which could accommodate all related regulations. In safeguarding the theoretical superiority of the shari’ah, this aspect is of central importance.
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spelling oai:generic.eprints.org:72602011-12-22T03:26:27Z http://irep.iium.edu.my/7260/ The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership) Sadique, Muhammad Abdurrahman KBP250 Schools of thought. Islamic legal schools. Madhahib KBP41 Legal research KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning. Paying due attention to the relevant theoretical foundation is important in developing new rulings for application in fields such as modern banking and finance. Research on the primary layout of shari’ah rulings indicates that in many instances, individual theoretical foundations have served as the basis for all the rulings on a specific legal area. A school’s approach to, and its rulings on, detailed issues related to a subject are shaped by the individual theoretical foundation developed by the school pertaining to the area of law concerned. In capital based partnerships, rulings of each school have been directly influenced by the distinct postulation adopted by the school with regard to the essence of shirkah. The perception of each school regarding the core structure of shirkah has dictated the approach of the school to the admissibility of various types of capital, liability of partners, and a multitude of related rulings. In deriving practical solutions to issues of current relevance, it should be ensured that the rulings reflect a uniform underlying theory, without contradiction at any level. This calls for a careful attempt to discover or remodel theoretical foundations of various topics, which could accommodate all related regulations. In safeguarding the theoretical superiority of the shari’ah, this aspect is of central importance. 2009-07-15 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/7260/1/The_Significance_of_Core_Theories_in_the_Islamic_Legal_Structure-Muhammad_Abdurrahman_Sadique.pdf Sadique, Muhammad Abdurrahman (2009) The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership). In: International Conference on Research in Islamic Laws (ICRIL 09), 15-16 Jul 2009, University of Malaya, Kuala Lumpur. http://www.iefpedia.com/english/wp-content/uploads/2010/09/The-Significance-of-Core-Theories-in-the-Islamic-Legal-Structure-an-Analysis-with-Reference-to-the-Concept-of-Shirkah-Partnership-Muhammad-Abdurrahman-Sadique.pdf
spellingShingle KBP250 Schools of thought. Islamic legal schools. Madhahib
KBP41 Legal research
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
Sadique, Muhammad Abdurrahman
The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title_full The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title_fullStr The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title_full_unstemmed The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title_short The significance of core theories in the Islamic legal structure: an analysis with reference to the concept of shirkah (partnership)
title_sort significance of core theories in the islamic legal structure an analysis with reference to the concept of shirkah partnership
topic KBP250 Schools of thought. Islamic legal schools. Madhahib
KBP41 Legal research
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
url http://irep.iium.edu.my/7260/1/The_Significance_of_Core_Theories_in_the_Islamic_Legal_Structure-Muhammad_Abdurrahman_Sadique.pdf
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