King Faisal International Prize (KFIP) recognizes excellence in 5 categories: Service to Islam, Islamic Studies, Arabic Language & Literature, Medicine, and Science, since 1979

Professor Al-Seddiq M. Al-Darir

Winner of the  
1990
KFIP Prize for  
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Topic: Financial Dealings in Islamic Shari’a

Biography

Nationality: Sudan

1990-Al-Seddiq-MShaikh Al-Seddiq Mohammad Al-Amin Al-Darir was born in 1918 in Omdurman (Sudan); he graduated from the Law School and obtained his Ph.D. in Islamic religious law (Sharia) from Cairo University in Egypt. He is currently Professor Emeritus at Khartoum University and member of Arabic Language Academy in Khartoum, the Islamic Fiqh Academy in Jeddah and the Islamic Fiqh Academy of the Organization of the Islamic Conference in Makkah, and an honorary member of the Indian Islamic Academy at Aligarh. He is also a member of the Supervisory Commission of Islamic Financial Institutions in Bahrain and Chairman of the Supervisory Commission of Islamic Banks, Financing and Insurance Institutions in the Sudan and is considered the pioneer of that field in the Sudan.

Shaikh Al-Darir started his career as an administrator before joining the Faculty of Law in Khartoum University where he became Professor of Islamic Sharia. He authored a number of books on Islamic financial dealings such as terms of contracts, insurance, banking, equities and loans. These books include: Insurance Contracts in Islam; Family Law System in Sharia Courts in the Sudan and Al Gharar (Deceit) in Contracts and its effect on Contemporary Transaction. The last-mentioned text is particularly important, thoroughly researched and well-documented work that reflects Al-Darir’s deep knowledge of the fundamental economic concepts of Islam and their applications in contemporary economics and finance. Shaikh Al- Darir also wrote many scholarly articles on Islamic financial dealings and participated in conferences and lectured at several Arab universities.

In addition to King Faisal International Prize for Islamic Studies, Professor Al-Darir was awarded the “Accomplishment Star” medal and the State Prize of Appreciation by the Sudanese Government.

More about Awarding this Winner

Islamic Finance Resource
Al-Seddiq Al-Darir Google Books
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