Major Trends of Modern Jurisprudence and Their Impact on Contemporary Financial Transactions Commercial Insurance - A Model

Abstract

This article aims to shed light on the importance of knowing contemporary jurisprudential trends, considering them in the stages of the ijtihad process, and downloading rulings in emerging issues, with a practical application to a transaction of contemporary financial transactions, which is commercial insurance, by explaining the concepts of these trends, their types, presenting their characteristics, and mentioning their importance, and thus the jurisprudential process can be built according to an objective vision that takes into account the historical contexts of legislative processes, and achieves the street's purpose of legislating rulings.

One of the results of this paper was that knowledge of contemporary Fiqh trends is a general framework and an important pillar in building the correct perceptions of the major issues of the nation, and it also has a role in guiding the process of downloading judgments on emerging issues, and it was decided that contemporary Fiqh jurisprudence is based on three modern Fiqh trends that were the product of various changes taking place in all areas in the life of Islamic societies.