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#Mufti Taqi Usmani

2 articles tagged Mufti Taqi Usmani.

The Architecture Akhtar Is Asking For: A Response on Money, Riba and Maqasid

Irshad Akhtar asks whether Islamic finance should now examine the monetary architecture its instruments operate within. The answer is yes, and the second phase he proposes need not begin as a blank page: the Qur'an and the classical scholars already gave a theory of money precise enough to design against.

M Azim Abdul Majeed · 2026-10-20

Islamic Finance · 16 min

Mufti Taqi Usmani Ruled Crypto Is Not Maal. The Six Roots Ask a Harder Question.

Mufti Taqi Usmani's fatwa asks whether a cryptocurrency token is maal, wealth. The deeper and older question, the one Islamic finance was actually built to ask, is whether money's own architecture, however it is built, honours or violates six roots that predate any single ruling.

M Azim Abdul Majeed · 2026-07-13