An Analysis on Islamic Social Finance for Protection and Preservation of Maqāṣid al-Sharī‘ah


  • Nor Razinah Mohd Zain Ahmad Ibrahim Kulliyyah of Laws, IIUM
  • Engku Rabiah Adawiah Engku Ali IIUM Institute of Islamic Banking and Finance,(IIiBF), International Islamic University Malaysia



Islamic social finance, Maqāṣid al-Sharī‘ah, and OIC member states.


Islamic social finance is akin to the conventional social finance but the former is subjected to the established principles of Sharī‘ah. In generating positive impacts to the society, the Islamic social finance and its instruments must be utilised in protecting and preserving the MaqÄá¹£id al-Sharī‘ah. A critical analysis on the Islamic social finance in relation to the MaqÄá¹£id al-Sharī‘ah is provided through this research. By using the doctrinal and qualitative methods, the practices of the Islamic social finance as applied in OIC member states are reviewed and provided as examples. Problems of implementation of Islamic social finance in the OIC countries are listed; while tentative solutions are suggested with a hope of triggering better solutions. At the end of discussion, a list of recommendations for future researches is proposed for considerations.


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Author Biography

Engku Rabiah Adawiah Engku Ali, IIUM Institute of Islamic Banking and Finance,(IIiBF), International Islamic University Malaysia



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How to Cite

Mohd Zain, N. R., & Engku Ali, E. R. A. (2017). An Analysis on Islamic Social Finance for Protection and Preservation of Maqāṣid al-Sharī‘ah. Journal of Islamic Finance, 6, 133–141.




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