Protection of Maqasid Al-Shari'ah

Abstract

The Maqasid al-Shari'ah is central to Islamic ethics in protecting individuals against aggressive behaviour of those individuals who manage multinational companies, medium and small businesses, who are pursuing financial gains at the expense of community and the nation as a whole. Islamic ethics fundamentally drives to establish the Maqasid al-Shari'ah with the honest desire of the individual taking responsibility to develop clear and effective intent behind all the daily dealings in business. The purpose of this chapter is to develop an understanding of why the Maqasid al-Shari'ah should be established as key principle as a guide to key stakeholders in dealing with financial matters that ensure justice and contribute to develop the society.