By Zafar Iqbal, Mervyn K. Lewis
Zafar Iqbal and Mervyn ok. Lewis fill the distance in Western literature on governance matters from the viewpoint of Islamic economics. Islamic and Western viewpoints are in comparison, and a scientific research of key parts in governance from an Islamic point of view is equipped. the quantity attracts on classical Islam and modern assets to supply a complete Islamic governance framework to distinction with the Western place.
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Extra resources for An Islamic Perspective on Governance (New Horizons in Money and Finance)
The third ‘root’ is the ijma, the consensus reached by the learned in the Islamic community. The fourth and last ‘root’ is analogy (qiyas), that is, the application to new and similar cases of rules established by the Holy Qur an, the sunnah, or ijma. As Zweigert and Kotz (1998, p. 308) note, this classical system of the four ‘roots’ of Islamic law comprises very different things, namely: two sources – the Holy Qur an and the sunnah; a method – the use of analogy (qiyas); and a judgement – that of ijma.
To the extent that such institutions are not given, reason ought to be exercised to arrive at the best temporal solutions. And third, there are other matters on which revelation is silent giving humanity wider scope for the application of rationality. Traditionally, such processes have fallen in the domain of jurisprudence. This is because in Islam the place of theology is taken by laws and jurisprudence. Those who deal with the intellectual aspects of the religion are jurists or fuqaha and not theologians, and at the centre of higher education is jurisprudence and not theology.
The first state-sponsored collection of ahadith was undertaken during the period of Caliph Umar bin Abdul Aziz (d. 101 ah/719 ce) against the backdrop of the last of the companions of the Prophet Muhammad (pbuh) passing away in the closing decade of the first Hijra century. This collection was, however, not sorted out by topics. The one with well-arranged topics was compiled by Imam Malik bin Anas (95–179 ah) in his private capacity under the name of Al Muatta/Muwatta. Malik had become prominent in Madinah in issuing religious rulings (fatawa).
An Islamic Perspective on Governance (New Horizons in Money and Finance) by Zafar Iqbal, Mervyn K. Lewis