Islamic jurisprudence is the science or philosophy of Islamic law. In this section we will learn how Islamic laws are derived from two primary sources of Islamic knowledge. We will discuss the methodology used in deducing these laws. Throughout the Islamic history, Muslim scholars have continued to make new laws necessitated by contemporary issues. A knowledge of principles of Islamic jurisprudence will help in comprehending how Islamic scholars belonging to different schools of thought in Islam address issues related to modern finance.
By the end of this learning pathway, you will be able to:
- Describe how the Qur'an (the holy Book of Islam), and the Sunnah (the sayings and deeds of the Prophet of Islam) relate to Islamic laws.
- Discuss the methodology used for deducing Isalamic laws.
- Identify schools of thought in Islam
- Describe the role of Shariah scholars in Islamic banking and finance industry
