THE EVOLVING RELATIONSHIP BETWEEN ISLAMIC ECONOMIC THEORY AND FIQH AL-MUAMALAT IN MODERN FINANCIAL SYSTEMS: A COMPREHENSIVE ANALYSIS

This research examines the dynamic relationship between Islamic economic theory and fiqh al-mu'amalat in the context of modern financial systems. Using a systematic literature review method, this study analyzes the development of both disciplines and their interaction in shaping contemporary Islamic financial practices. The results indicate a significant convergence between Islamic economic principles and the interpretation of fiqh al-mu'amalat, especially in responding to modern financial challenges. However, several areas of tension requiring further harmonization were also identified. This study contributes to a more comprehensive understanding of how Islamic theory and legal practice interact in shaping the global Islamic financial landscape, while highlighting opportunities and challenges in developing innovative yet Shariah-compliant Islamic financial products.

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Publication Details

Journal
An-Natiq/An-natiq
Published
2025-04-26
DOI
https://doi.org/10.33474/an-natiq.v5i1.22335
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
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article

THE EVOLVING RELATIONSHIP BETWEEN ISLAMIC ECONOMIC THEORY AND FIQH AL-MUAMALAT IN MODERN FINANCIAL SYSTEMS: A COMPREHENSIVE ANALYSIS

Umrotul Khasanah, Nur Asnawi, Abdussalam Mansyur, Jakfar Shodiq
1 links
An-Natiq/An-natiq
Islamic Finance and Banking Studies
article

THE EVOLVING RELATIONSHIP BETWEEN ISLAMIC ECONOMIC THEORY AND FIQH AL-MUAMALAT IN MODERN FINANCIAL SYSTEMS: A COMPREHENSIVE ANALYSIS

Umrotul Khasanah, Nur Asnawi, Abdussalam Mansyur, Jakfar Shodiq
article en

Abstract

This research examines the dynamic relationship between Islamic economic theory and fiqh al-mu'amalat in the context of modern financial systems. Using a systematic literature review method, this study analyzes the development of both disciplines and their interaction in shaping contemporary Islamic financial practices. The results indicate a significant convergence between Islamic economic principles and the interpretation of fiqh al-mu'amalat, especially in responding to modern financial challenges. However, several areas of tension requiring further harmonization were also identified. This study contributes to a more comprehensive understanding of how Islamic theory and legal practice interact in shaping the global Islamic financial landscape, while highlighting opportunities and challenges in developing innovative yet Shariah-compliant Islamic financial products.

An-Natiq/An-natiqVol. 5(1)
National Pingtung University (TW), Universitas Islam Negeri Maulana Malik Ibrahim (ID), Universitas Yudharta Pasuruan (ID), Institut Teknologi dan Sains Nahdlatul Ulama (ID)
Openalex Percentile: Top 88%
Islamic Finance and Banking Studies
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