Financial Planning Through Maqasid Shari’Ah Engineering: A Study On The Takaful Products Development
Wan Nazjmi Mohamed Fisol
Senior Lecturer
Yusuf Haji-Othman
Senior Lecturer
Mohammadtahir Cheumar
PhD. Candidate, Kulliyyah Muamalat and Management Sciences
Anassuzastri Ahmad
Lecturer, PUPUK, Sultan Abdul Halim Mua’dzam Shah International Islamic University, 09300 Kuala Ketil, Kedah, Malaysia.
Keywords: Takaful products, Maqasid Shari’ah, Financial Planning, public interest
Abstract
Takaful products constitutes one important area of Islamic financial planning which in line with the Maqasid Shari’ah perspective. Therefore, this research explore on the takaful products development as sustainable financial planning based on the Maqasid Shari’ah principles. Qualitative method is used which is based on the library research such as books, articles, journals review and any other related materials. Finding of this research shows that there are several products development in takaful institutions are in conformity with the Maqasid Shari’ah perspective as sustainable of financial planning which bring the social welfare and justice for the public interest (maslahah). As conclusion, the development of the takaful products should be based on the preservation of five necessities (daruriyyah al-khamsah), namely, the preservation of religion (din), the preservation of life (nafs), the preservation of intellect (’aql), the preservation of progeny (nasl) and the preservation of wealth (mal).