Money Laundering from Maqāsid Al-Sharī‘Ah Perspective with Particular Reference to Preservation of Wealth (Hifz Al-Mal)

This research aims to evaluate the concept of money laundering in reference to the objective of the protection of wealth (Hifz al-māl). It also examines the process of money laundering on whether they are halal in the Sharīʿah. This study adopts a qualitative approach. It reviews and analyses authentic data in relevant literature and documents on the principles of maqāṣid al-Sharīʿah, especially on those mentioned in the Qur’an and Sunnah. The significance of this study is that a new contribution through exploring the viewpoints of maqāsid al-Sharî'ah on the sources which are involved in the money laundering process and the wealth achieved through this process. From the teaching of the Quran and Sunnah, it can be concluded that the Sharīʿah restrictions on the process of money laundering are far more stringent than any other ordinary laws since the Sharīʿah emphasises more on the protection of wealth for the welfare of human beings.