This module is designed to provide a comprehensive and sound understanding on Ijtihad, Ikhtilaf and Ifta’ in Islamic jurisprudence and how they are applied in the issuance of fatwa, Shariah rules and resolutions in Islamic law in general and with specific reference to Islamic finance. These three terms are very well connected and integrated into concept and applications. In fact, these three major terms contribute significantly to the illustration of role of the Shariah advisors in performing their function and duties in issuing resolutions and fatwa Islamic finance especially where the case under investigation is very complex that potentially may have more than one Shariah opinion that results in Ikhtilaf (diversity).
