Investment Banking
Forward Split
September 3, 2021
Derivatives
Real Estate Derivative
September 3, 2021

Arabic (فقه النوازل) for a branch of fiqh (Islamic jurisprudence) that tackles contemporary issues (newly emerging issues). Such issues require fiqh reasoning (ijtihad) based on usul (principles and precepts of Islamic law) due to the lack of a textual evidence on the issue (nazilah, singular of nawazil) at hand. This ijtihad is conducted by fuqaha and jurists who will try to figure out shari’ah rulings (ahkam) by consulting the main sources of shari’ah.

Nawazil are characterized by a set of features including: occurrence, novelty, significance and severity.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts