The evolving relationship between Islamic economic theory and fiqh al-muamalat in modern financial systems: A comprehensive analysis

Mansyur, Abdussalam, Asnawi, Nur, Khasanah, Umrotul ORCID: https://orcid.org/0000-0001-5412-5800 and Shodiq, Jakfar (2025) The evolving relationship between Islamic economic theory and fiqh al-muamalat in modern financial systems: A comprehensive analysis. An-Natiq Jurnal Kajian Islam Interdisipliner, 5 (1). pp. 1-22. ISSN 2777-0176

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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.

Item Type:	Journal Article
Keywords:	Islamic Economic Theory; Fiqh al-Muamalat; Modern Financial Systems; Shariah Compliance
Subjects:	14 ECONOMICS > 1401 Economic Theory > 140199 Economic Theory not elsewhere classified
Divisions:	Graduate Schools > Magister Programme > Graduate School of Islamic Economics
Depositing User:	Umrotul Khasanah
Date Deposited:	12 Jun 2025 14:52

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