The role of oil wealth in economic development in the light of maqasid al-Shari'ah : a case study of Petroliam Nasional Berhad [PETRONAS] /

Oil is considered one of the most important natural resources; it has become the backbone of modern civilization and appears to be a strategic commodity for each and every country. Whoever controls this commodity and its industry possesses huge power. Consequently, oil history is the history of stru...

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Bibliographic Details
Main Author: Mohammed Zainul Abideen (Author)
Format: Thesis
Language:English
Subjects:
Online Access:http://studentrepo.iium.edu.my/handle/123456789/7141
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100 1 |a Mohammed Zainul Abideen,  |e author 
245 1 |a The role of oil wealth in economic development in the light of maqasid al-Shari'ah :   |b a case study of Petroliam Nasional Berhad [PETRONAS] /  |c by Mohammed Zainul Abideen 
300 |a xiv, 180 leaves :  |b illustration. ;  |c 30 cm. 
336 |2 rdacontent  |a text 
502 |a Thesis (MAIRKFQ)--International Islamic University Malaysia, 2013. 
504 |a Includes bibliographical references (leaves 171-180). 
520 |a Oil is considered one of the most important natural resources; it has become the backbone of modern civilization and appears to be a strategic commodity for each and every country. Whoever controls this commodity and its industry possesses huge power. Consequently, oil history is the history of struggle among the big powers competing for areas of influence. Looking at the importance of oil and its significance in our life, the big question naturally emerges as to who should own this commodity, an individual or local communities or private company or state? The study aims to examine the position of oil in the Qur'an, Hadith and the classical and modern fiqh and determines the ownership of oil in the light of MaqÉÎid al SharÊÑah, and highlights the relationship between oil wealth and economic development indicating how to take the advantage of this resource to achieve economic development. In addition, it takes a case study of Petronas a wholly state owned petroleum company, to examine its contributions towards Malaysia's economic development in the light of MaqÉÎid al SharÊÑah, employing inductive and analytical methods. The study concludes that the ownership of oil should be given to the state to regulate its wealth and utilize it for the betterment of the country. Moreover, the study reaches to the conclusion that Petronas has met most of the Maqasid al Shari'ah (the objectives of Shari'ah) in terms of economic development and distribution of oil wealth. 
596 |a 1 
610 1 0 |a Petronas 
655 7 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Department of Fiqh and Usul al-Fiqh   |z IIUM 
710 2 |a International Islamic University Malaysia.  |b Department of Fiqh and Usul al-Fiqh  
856 4 |u http://studentrepo.iium.edu.my/handle/123456789/7141 
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