Principles of Islamic banking and finance/PIBF201/Islamic jurisprudence/Video signpost

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Islamic jurisprudence In this video, Dr.Shamim Siddiqui from Hamdan Bin Mohamed Smart University, provides an overview of Islamic jurisprudence.


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Video transcript

Islamic jurisprudence is the science or philosophy of Islamic law. In this session we will learn how Islamic laws are derived from two primary sources of Islamic knowledge. The first source is the Quran containing the words of God revealed to the prophet during the 23 years of his prophet hood. The verses were written down soon after each revelation and compiled after his death. THE SECOND SOURCE OF Islamic knowledge are the books of Sunnah, which are collections of the sayings and deeds of the prophet written after his death by different scholars. Throughout Muslim history, religious scholars have formulated laws for their time from these two sources. We will discuss the methodology used by them in deducing those laws. The difference of opinion among those scholars in adopting a particular methodology and differences in interpreting some verses of the Quran or the sayings of the prophet led to formation of different schools of thought in Islam. A knowledge of the 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.