Riyad bin Rashid Al Rashud

Riyad bin Rashid Al Rashud (fl. 15th century AH / 21st century CE) is a contemporary researcher in Islamic jurisprudence and financial transactions, best known for his treatise al-Tawarruq al-Masrifi (Banking Tawarruq) al-Tawarruq al-Masrifi+1.

Scholarly Work and Contributions

His full name is Riyad bin Rashid bin Abdullah Al Rashud al-Tawarruq al-Masrifi. His scholarly work focuses on contemporary Islamic commercial law (fiqh al-mu‘amalat), particularly the juridical analysis of modern banking practices and organized liquidity facilities al-Tawarruq al-Masrifi+1.

His major monograph, al-Tawarruq al-Masrifi, was written under the academic supervision of Shaykh Sa‘d al-Kharashi, with consultations and assistance acknowledged from scholars and specialists such as Sami al-Suwaylim and Abdullah al-Sa‘idi, alongside banking professionals al-Tawarruq al-Masrifi. During the compilation of this study, he traveled between several domestic and external cities to assemble specialized sources and field documentation al-Tawarruq al-Masrifi. The work was published in its first edition in 1434 AH / 2013 CE by the Ministry of Awqaf and Islamic Affairs in Qatar through the General Directorate of Endowments al-Tawarruq al-Masrifi.

In his research, Al Rashud delineates classical, individual tawarruq as discussed by early jurists—principally within the Hanbali tradition—from the contemporary organized structures engineered by commercial and Islamic banks al-Tawarruq al-Masrifi+1. His analysis covers the legal characterization of international commodity murabaha contracts, stock-based monetization schemes, credit card facilities (such as the Tayseer and al-Khayr cards), and the broader implications of debt-based financial engineering for the operational future and identity of Islamic banking institutions al-Tawarruq al-Masrifi+1.