Ghazala Ghalib
International Islamic University Islamabad, Shariah & Law, Faculty Member
- Islamic Law, Shariah Law, Islamic Commercial Law/ Islamic Jurisprudence, Fatwa and Islamic Shariah Law, Finance, Corporate Governance, and 6 moreCorporate Finance, Islamic Banking And Finance, Islamic Finance, Muslim Minority Affairs, Modern Trends in Islamic Thought, and Methodologies of jurisprudence usul al-fiqh (أصول الفقه)edit
- Researcher of Islamic Finance, Jurisprudence, Corporate Laws etc.edit
Research Interests:
Contemporary Islamic Finance has evolved over the recent past to meet economic and financing challenges faced by the Muslim societies, and to regulate the Islamic banking system under Sharī‛ah. Islamic Banks are practicing and introducing... more
Contemporary Islamic Finance has evolved over the recent past to meet economic and financing challenges faced by the Muslim societies, and to regulate the Islamic banking system under Sharī‛ah. Islamic Banks are practicing and introducing various products and instruments such as mushārakah, mudārabah, murābahah, ijārah, salam and istisnā‛, the innovations of classical fiqh contracts molded into complex banking products. Islamic banks standardize their products with the help of their fatāwā committees. This is sometimes criticized as talfīq, a mere patchwork rather than a proper integration of juristic opinions. Talfīq by "qualified jurists" in "issues pertaining to the interests of people and their happiness", is categorized as permissible. – Editors.]