A Research Study of the Economic and Financial Ijtihādāt in Fatawa Haqqania

Abstract

When the ijtihādī opinions of Mawlānā ‘Abd al-Ḥaqq Ḥaqqānī in the field of economics and finance are examined, it becomes evident that his thought reflects profound juristic insight and a distinguished standing in Islamic jurisprudence. In every economic and financial issue, he directly relies on the authoritative sources of the Ḥanafī School such as al-Hidāyah, Badā ’iʿ al-Ṣanā’ iʿ, Fatḥ al-Qadīr, and Fatāwā al-‘Ālamgīriyyah. He does not base his conclusions on personal inclination; rather, he grounds his opinions firmly in established legal principles and textual evidence.In addressing any juristic question, he first clarifies the nature of the issue, its operative cause (‘illah), and its Shar‘ī dimensions. He then presents the evidences of the Ḥanafī jurists and applies them thoughtfully to contemporary economic systems. His distinction lies in harmonizing classical legal principles, universal maxims, and the objectives of Sharī‘ah with the demands of changing times. Thus, he avoids both rigid traditionalism and unwarranted leniency, offering balanced, well-researched ijtihādī opinions that combine scholarly authority, authenticity, and relevance to modern realities.

Keyword: Fatawa Haqqaniyya, Mushārakah, Muḍārabah, livelihood, economics, ijtihādī opinions, and analytical review