Tag: MaqasidAlShariah

Entrepreneurship from an Islamic Perspective

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Four colleagues discuss plans beside a whiteboard reading “Tijarah (Trade) with Integrity” and “Maqasid al-Shariah.”

The paper outlines twelve foundational Islamic ethical principles and economic controls governing commercial conduct. These include Tawhid (monotheism and ultimate divine accountability), Sidq (honesty in financial reporting and marketing), Amanah (trustworthiness in handling stakeholder resources), Adl and Qist (justice and equity in pricing and employee compensation), Al-Ihsan (striving for excellence and benevolence), Taqwa (God-consciousness), Al-Maslahah Al-Ammah (prioritizing public interest), Al-Ayid Al-Halal (earning only through permissible means), and general social responsibility.

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Qur’anic Worldview: A Springboard for Cultural Reform

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Speaker addressing an audience beneath a sign reading “‘Qur’anic Worldview’: A Springboard for Cultural Reform.”

The author explains that Islamic worldview contains enterprising spirit, dynamism, and intellectual and emotional power. He regrets that ambiguity gradually settled over the Islamic worldview after the end of the Prophetic era and the days of the rightly guided caliphates. The author is confident that since revelation and universal laws derive from the same source, there is no discord between the actual meaning and guidance conveyed by divine revelation. The Qur’anic worldview is an ethical, monotheistic, purposeful, positive perspective on the world and reflects the healthy, well-balanced human nature God created within us.

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The Late Dr. Muhammad Umar Chapra

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Dr. Muhammad Umar Chapra (February 1, 1933 – June 13, 2026) was a prominent economist, researcher, professor, and intellectual. During his student days, he was associated with Islami Jamiat-e-Talaba Karachi, and thereafter, throughout his life, he remained actively engaged in the field of knowledge and scholarship as a servant of Islam. As an author of numerous scholarly books and a creative thinker in Islamic economics, he left an indelible mark.

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Muhammad Nejatullah Siddiqi

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The book discusses the vast contributions of Dr. Muhammad Nejatullah Siddiqi in disciplines like economics, finance, Islamization, Maqasid-e-Shar’iah and contemporary socio-political and economic issues. As one of the chief contributors in Islamic economics, Dr. Nejatullah Siddiqi firmly believed that Islamization, or the acquisition of knowledge, should not be pursued for the sake of gaining power and authority. Instead, the creation, acquisition, and utilization of knowledge are fundamentally intended for the betterment of humanity. Its goal is not the universal domination of Muslims, but rather the overall welfare of humanity as a whole.

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Islam and the Economic Challenge  

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In his exhaustive deconstruction of capitalism, Chapra exposes what he terms the limits of capitalism and the logical flaws inherent in its foundational architecture. He explores the historical genesis of the market system, tracing its roots back to the Enlightenment worldview, which systematically unseated Christian scholastic moral constraints in favour of secularism, utilitarianism, and social Darwinism. The reason behind capitalism’s failure to actualize the socially-desired goals is the conflict between the goals of society and the worldview and strategy of capitalism. The goals were humanitarian, based on a moral foundation; the worldview and the strategy were social Darwinist.

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Remembering Dr. Umer Chapra

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Dr. Umer Chapra was born on February 1, 1933, in Bombay, British India. Chapra’s family moved to Karachi following the 1947 partition. Despite early financial hardships after his father passed away when Chapra was only six, his mother prioritized his education. This investment paved the way for an extraordinary academic trajectory. He attended the University of Karachi, topping his class to earn a Bachelor of Commerce (B. Com) in 1954, followed by a Master of Commerce (M. Com) in 1956. In 1950, out of 25,000 students who sat for the high school leaving examinations in Karachi, Chapra topped the list, earning the prestigious Model Student title.

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Integrative Methodology of Islamic Economics: A Note

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The methodological contribution of Shaikh (2026) is to formulate, more sharply than most of the literature, the choice between an assimilative economics that prices the sacred and a distinctive economics that abandons the analytical, and to argue – on the strength of World Values Survey evidence of broadly shared moral and market attitudes – that the discipline should occupy neither pole but an integrative middle. That diagnosis is sound, and the integrative impulse is the correct one. Its limitation is structural rather than substantive: Shaikh (2026) integrates the scope of analysis while partitioning its method, housing market and beyond-market behaviour under one disciplinary roof but assigning each its own separate toolkit. The result is integration by segregation, a one- dimensional fork resolved by keeping the two domains apart, and the seam shows wherever a single decision carries mixed motives.

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From Ontological to Epistemic–Institutional Halal

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Conceptual graphic showing transition from ontological halal focusing on intrinsic nature, divine commands, and raw substances to epistemic-institutional halal involving knowledge, methods, verification, and institutional governance.

Contemporary halal certification represents a fundamental institutional transformation: the shift from an ontological framework in which permissibility is assessed directly against Islamic law to an epistemic-institutional regime in which halal status is constituted through institutional verification. This transformation is a necessary response to the informational conditions of modern economies, but it introduces structural risks—certifier-pay conflicts, interpretive fragmentation, and form-over-substance compliance—that the current institutional framework inadequately addresses.

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A Critical Survey of Islamization of Knowledge

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The book is a succinct summary of the major thoughts in Islamization of knowledge and the noted author provides a clear demonstration of ideas and how they contrast with each other. An equally useful contribution of the book is the illustration of the different views in flowchart diagram to ease understanding through illustrations. Finally, the book also contains abstracts of seminal works together with a useful and relevant bibliography for interested readers.

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