The Means and Pretexts and their Applications in Islamic Financial Engineering

The rooting methodological concepts of Islamic Financial Engineering was not free of being overlapped, especially since there is no mechanism controlling the efforts made in financial transactions. Thus, there was a need to enhance awareness of the most effective fundamentalist tools and to organize their ABCs according to Sharia data. Therefore, through demonstrating the methodology of formulating Islamic financial engineering tools, the current study aims to identify the concepts of Means and Pretexts. In describing and analyzing the concepts, as well as revealing the relationship between their different dimensions, the descriptive deductive approach was used. The researcher recommends Islamic financial engineering scholars to attract their attention towards the importance of developing a clear methodology related to eliciting contemporary financial judgments.