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.
Authors
- Umrotul Khasanah (ORCID: https://orcid.org/0000-0001-5412-5800)
- Nur Asnawi (ORCID: https://orcid.org/0000-0002-5087-4799)
- Abdussalam Mansyur
- Jakfar Shodiq
Institutions
- National Pingtung University (TW)
- Universitas Islam Negeri Maulana Malik Ibrahim (ID)
- Universitas Yudharta Pasuruan (ID)
- Institut Teknologi dan Sains Nahdlatul Ulama (ID)
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
- 0.00