Mufti's Advisor on Economic Guidance

The article discusses the role of fatwa in addressing contemporary economic issues, emphasizing the importance of combining sound Islamic jurisprudence with an understanding of the current economic realities to deliver accurate and up-to-date fatwas. Dr. Fayad Abdel Moneim, the financial advisor to the Grand Mufti, outlined essential elements for understanding economic matters, which include knowledge of Islamic texts, awareness of the economic context, and understanding the condition of the individual seeking the fatwa. He stressed that achieving public interest requires activating this integration. Furthermore, he highlighted the importance of productivity and striving for livelihood, as well as the Sharia's role in preserving wealth and promoting resource development. Given the evolution of modern economic tools—such as banking finance, digital currencies, and financial markets—he pointed out that fatwa institutions must develop their methods to keep pace with these changes, aiming to regulate transactions and minimize economic risks.

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