Seyed Abbas Mousavian: Difference between revisions
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Banking issues and financial instruments could be evaluated by Fiqh-based method. This method aims to ensure that banking methods or financial instruments do not conflict with Islamic jurisprudential rulings. On the other hand, Mousavian proposed Islam-based instead of Fiqh-based method. Islam-based method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic Fiqh have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref> | Banking issues and financial instruments could be evaluated by Fiqh-based method. This method aims to ensure that banking methods or financial instruments do not conflict with Islamic jurisprudential rulings. On the other hand, Mousavian proposed Islam-based instead of Fiqh-based method. Islam-based method adopts a systemic and multidimensional approach to human conduct and interactions. Some researchers in economic Fiqh have regarded Mousavian’s theory as a movement toward the development of knowledge in this field.<ref name=":0">Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Intellectual Method: From the Jurisprudence-Centered Method to the Islam-Centered Method,” pp. 40-58.</ref> | ||
==== Explanation of the | ==== Explanation of the Fiqh-based Method ==== | ||
Fiqh-based method has two stages: jurisprudential analysis of an issue (it may be called jurisprudentialization) and establishment of a jurisprudential entity or institution; therefore the conformity with Fiqh is established as a criterion for Islamic banking. Mousavian maintained that, at the jurisprudential analysis stage, financial institutions are evaluated and reconstructed on the basis of Islamic jurisprudence through an approach based on the [[presumption of validity]]. According to Mousavian, at the establishment stage, a new model based on Shia jurisprudence is presented or reproduced for financial institutions and instruments that have no precedent in conventional economics.<ref>Mirmoezzi and Ghafouri, “The Development of Professor Mousavian’s Scientific Method from the Fiqh-based Method to the Islam-Centered Method,” pp. 48-55.</ref> | |||
==== Explanation of the Islam-Centered Method and Its Superiority ==== | ==== Explanation of the Islam-Centered Method and Its Superiority ==== | ||