By Zafar Iqbal, Mervyn K. Lewis
Zafar Iqbal and Mervyn okay. Lewis fill the distance in Western literature on governance matters from the point of view of Islamic economics. Islamic and Western viewpoints are in comparison, and a scientific research of key parts in governance from an Islamic point of view is equipped. the quantity attracts on classical Islam and modern assets to supply a accomplished Islamic governance framework to distinction with the Western place.
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Additional info for An Islamic Perspective on Governance (New Horizons in Money and Finance)
Malik b. Anas (716–95) Founder of the Maliki school of jurisprudence, born and died in Madinah, he gave customary usages of Madinah (‘amal ahl al-Madinah) great importance in the derivation of rules. His work al-Muwatta is the earliest collection of hadith. Yaqub b. Ibrahim Abu Yusuf (731–98) He was the student of Abu Hanifah and one of the co-founders of the Hanafi school of jurisprudence and became chief justice during Harun al-Rashid’s era (786–809), the Abbasid Caliph, on whose request he authored Kitab al-Kharaj (the Book on Taxation), one of the earliest works on the Islamic system of taxation.
Brill published Shemesh’s English translation as Taxation in Islam, vol. 1, in 1958, Leiden. Muhammad b. Idris al-Shafi’i (767–820) The author of the famous work Kitab al-Umm, he was the architect of systematic Islamic Law. He did not himself found a school of jurisprudence; this was done by his disciples. Ahmad b. Hanbal (780–855) The originator of the Hanbali school of jurisprudence, he studied in Baghdad and received instructions from the great legal theoretician Iman al-Shafi’i. He is also the compiler of a large collection of ahadith.
The status of ijtihadi law Although ijtihad is meant to be a corollary of the Holy Qur an or hadith, its product is considered to be a weak source of law and its authority is ranked lower than the text of the Holy Qur an and hadith or that of ijma. This is because the law created through ijtihad cannot be expected to escape in full, the limitations of time, space, and socio-economic circumstances within which the interpretation of speculative text is undertaken. 450). On this basis, on matters where there is no clear revelation, none of the schools of fiqhi thought has an exclusive claim to truth.
An Islamic Perspective on Governance (New Horizons in Money and Finance) by Zafar Iqbal, Mervyn K. Lewis