Maqasid Al-Shari'ah towards investment: Quranic approach

• Main Authors: Razaly, M.Z., Ishak, A.H., Saidon, R., Redzuan, M.A., Mustafa, M.Z.
• Published: 2018
• Online Access: http://dspace.uniten.edu.my/jspui/handle/123456789/10615

The legalization of Shari'ah ruling towards mukallaf by the Lawgiver contains unique purpose of its own. Maqasid al-Shari'ah is crucial to understand the secrets behind the legalization of a particular ruling and its implementation should fulfill the intention of the Lawgiver. Literal enforcement of a Shari'ah ruling, without understanding its true purpose, might lead to unfair judgment. This paper aims to study the objectives of Shari'ah pertaining to investment with reference to the Quranic evidences. The study had identified at least three objectives; fulfillment the basic need of human being, equal distribution of wealth and the freedom to acquire wealth and property. These objectives are in line with the general maqasid al-Shari'ah; to preserve the maslahah towards people. This study utilizes qualitative research method using library research approach. The literature on maqasid al-Shari'ah and investment are obtained from secondary sources, then reviewed and analyzed. Next, the study examines the relevance and relation between investment and maqasid al- Shari'ah from Quranic evidences. In conclusion, Allah SWT has entrusted men with the responsibility of managing this world. The involvement of Muslims in creating and expanding wealth will fulfill the objective of man's creation as a vicegerent in this world. © IAEME.