In essence, Islamic law (Maqasid al-Shariah) and the sustainable development goals (SDGs) initiated by United Nations have same goal: to achieve perfection of a human life. Meanwhile, finance is regarded as an implementation law, many products instruments are derived from law. Prior studies on finance, SDGs tend be scattered, role in still questionable. This paper uses systematic literature rev...

This manuscript critically discusses the current implications of scriptural injunctions against gharar and maysir. It elaborates how overlooking features contemporary world adopting a formalistic approach in Islamic jurisprudence have led to absurdity implication doctrines maysir for Muslims’ financial activities. The also underscores necessity maqāsid (purposivism) jurisprudence. propounds tha...

I n this study we designed to test the remarkable repayment performance of Akhuwat in Pakistan; the most successful Islamic Microfinance Institution (IMFI), which offers interest-free loans in order to improve the quality of life and alleviate poverty. The model of Akhuwat is based on Muakhaat (brotherhood) and Qard-e-Hasan (offering financial assi...