Sharia Supervision of Business Activities “Fraud as an Example” Maqasid vision

Abstract

The present paper comprises a comparative study that tackles the Islamic law surveillance over business and how it affects the commercial fraud. It explores the concept and types of “Islamic law surveillance” and illustrates with examples of the business surveillance practiced during the periods of Prophet Mohammed (pbuh) and Caliphates as well. In addition, it investigates “fraud”, its forms, proscription evidences, and consequent harms at the individual and collective levels. The research aims at elucidating the positions of both the Islamic law and Yemeni legislation on surveillance and its impact on commercial fraud. It applies the inductive method, which extrapolates and analyzes the jurisprudence scholars’ views about the topic sorted out by their particular approaches. The conclusion sums up the findings and recommendations of the study.