Legal Maxim 5: Custom is Arbiter

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Legal Maxim 5: Custom is Arbiter

This module introduces the fifth legal maxim, deducts its origin, formulation and conditions, and provides an example of its application in Islamic finance.

Legal Maxim 5: Custom is Arbiter

Duration 02m 45s

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Last Update 03 Oct 2021

This module introduces the fifth legal maxim, deducts its origin, formulation and conditions, and provides an example of its application in Islamic finance.

Code: PG15886

SECTION 1

Overview of Usul Al Fiqh (Principles of Islamic Jurisprudence) 10m 06s

Introduction Preview Defintion of Usul Al-Fiqh Importance of Studying Usul Al-Fiqh Why Do We Need Usul Al-Fiqh? Subject Matter: Sources of Islamic Law and Methods History of Usul Al-Fiqh Approach of Jurists to Usul Al-Fiqh Different Theories of Usul Al-Fiqh

Principles and Legal Maxims in Islamic Finance Quiz 1

SECTION 2

Islamic Legal Maxims (Qawa'id Fiqhiyyah) - Overview 02m 22s

Introduction Basic Concept Basis of Islamic Legal Maxims Applications Five Leading Islamic Legal Maxims

Legal Maxim 1: Matters Determined by Intention 02m 00s

Concept of Intentions Application to Islamic Financial Transactions

Legal Maxim 2: Hardship Begets Facility 02m 44s

Introduction Basis of the Maxim Basic Concept Application in Fiqh Application in Islamic Finance

Legal Maxim 3: Harm is to be Eliminated 01m 48s

Introduction Basic Concept Application in Fiqh Regulators Ban

Legal Maxim 4: Certainty is not Overcome by Doubt 01m 44s

Basic Concept Application in Fiqh Applications in Islamic Finance

Legal Maxim 5: Custom is Arbiter 02m 45s

Basic Concept Basis Application FX Spot Trading - Cross Border Transaction

Introduction to Mu'amalat & Objectives 06m 01s

Introduction and Definition of Mu'amalat Preview Objectives of Mu'amalat Regulate Behaviour Contracting Parties Encourage Participation in Commercial Transaction Avoid Misunderstanding and Unlawful Dealings Achieve Fairness and Honesty Fulfil Contractual Obligations Elevate Spirit of Brotherhood

Shariah and Fiqh in Islamic Finance 06m 59s

Introduction Definition of Fiqh Examples of Fiqh Distinction and Scope Between Shariah and Fiqh Flexibility of Fiqh Rulings Examples of Fixed Rulings of Fiqh Interpretations of Different Rulings of Fiqh

Principles and Legal Maxims in Islamic Finance Quiz 2

Table of Contents
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SECTION 1

Overview of Usul Al Fiqh (Principles of Islamic Jurisprudence) 10m 06s

Introduction Preview Defintion of Usul Al-Fiqh Importance of Studying Usul Al-Fiqh Why Do We Need Usul Al-Fiqh? Subject Matter: Sources of Islamic Law and Methods History of Usul Al-Fiqh Approach of Jurists to Usul Al-Fiqh Different Theories of Usul Al-Fiqh

Principles and Legal Maxims in Islamic Finance Quiz 1

SECTION 2

Islamic Legal Maxims (Qawa'id Fiqhiyyah) - Overview 02m 22s

Introduction Basic Concept Basis of Islamic Legal Maxims Applications Five Leading Islamic Legal Maxims

Legal Maxim 1: Matters Determined by Intention 02m 00s

Concept of Intentions Application to Islamic Financial Transactions

Legal Maxim 2: Hardship Begets Facility 02m 44s

Introduction Basis of the Maxim Basic Concept Application in Fiqh Application in Islamic Finance

Legal Maxim 3: Harm is to be Eliminated 01m 48s

Introduction Basic Concept Application in Fiqh Regulators Ban

Legal Maxim 4: Certainty is not Overcome by Doubt 01m 44s

Basic Concept Application in Fiqh Applications in Islamic Finance

Legal Maxim 5: Custom is Arbiter 02m 45s

Basic Concept Basis Application FX Spot Trading - Cross Border Transaction

Introduction to Mu'amalat & Objectives 06m 01s

Introduction and Definition of Mu'amalat Preview Objectives of Mu'amalat Regulate Behaviour Contracting Parties Encourage Participation in Commercial Transaction Avoid Misunderstanding and Unlawful Dealings Achieve Fairness and Honesty Fulfil Contractual Obligations Elevate Spirit of Brotherhood

Shariah and Fiqh in Islamic Finance 06m 59s

Introduction Definition of Fiqh Examples of Fiqh Distinction and Scope Between Shariah and Fiqh Flexibility of Fiqh Rulings Examples of Fixed Rulings of Fiqh Interpretations of Different Rulings of Fiqh

Principles and Legal Maxims in Islamic Finance Quiz 2

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