THEOLOGY & TECHNOLOGY

Research & Framework

Bridging classical Islamic jurisprudence (Fiqh) with modern quantitative finance: the Computational Wakil framework.

The Five Arkan Lifecycle

Translating religious wealth management obligations into modular computational logic

Rukn I — 💼

Wealth Creation

Employ an active gatekeeper to validate source of funds (SoF), screen employer industries, and analyze professional income metadata against sector-risk blacklists.

Rukn II — 📈

Accumulation

Automated direct indexing and multi-standard equity screening (AAOIFI, MSCI, SC Malaysia, S&P, DSES) with live trade compliance and asset-tangibility checks.

Rukn III — 🛡️

Protection

Sentinel active surveillance, Takaful gap analysis, and cybersecurity protocols (Cyber-Hifz al-Mal) computing a dynamic Financial Immunity Score.

Rukn IV — 🧼

Purification

Intent-based Zakat calculations (Investor vs. Trader) paired with mandatory dividend and recommended capital gains purification.

Rukn V — 📜

Distribution

Rule-governed inheritance calculators (supporting Hanafi Faraid, Khuntha dual-simulation, and Mawquf reserves) with strict debt-clearance and bequest limits.

Theological & Qualitative Breakthroughs

Moving beyond opaque "Black Box" algorithms to transparent, self-governing ShariaTech

Hanafi Doctrine Calibration

"Fiqh-as-Code" Engine

Translates complex Hanafi jurisprudence into deterministic code. Includes a Faraid (Inheritance) Dual Simulation that applies Abu Hanifa's principle of caution (Ihtiyat) to calculate the lesser of two shares (Akhass al-Nasibayn) for intersex heirs (Khuntha Mushkil), suspending surplus funds as legally reserved (Mawquf).

AAOIFI Standard 23 & Majallah

The "Digital Wakil" Agency

Positions the software as an automated agent (Wakil) under AAOIFI Standard 23. Grounded in Articles 1459, 1461, and 89 of the Majallah al-Ahkam al-Adliyah (Ottoman Civil Code), programmatic actions are legally and religiously attributed to the human principal, establishing clear fiduciary liability.

Theological Traceability

Glass Box Compliance

Replaces binary "Halal/Haram" labels with a fully auditable compliance kernel (TheologyService.ts). Every automated purification or transaction logs its exact theological traceability chain—pointing directly to the Quranic verse, Hadith, or classical maxim (e.g., Al-Yaqin la Yazul bi al-Shakk) governing the rule.

Empirical Backtest (2010–2024)

Quantitative Validation & Limitations

Subjected to a 15-year Walk-Forward Validation on the Dhaka Stock Exchange (DSE), the framework demonstrated strong financial immunity and capital preservation under simulated conditions:

+138.95%
Cumulative Outperformance vs. DSE Index
-21.11%
Absolute Drawdown Reduction (Risk Mitigation)
Academic Disclosure (Hybrid Data Design): While DSE historical price data is real, the Shariah compliance financial ratios were programmatically modeled as a stochastically proxied dataset due to a lack of machine-readable corporate disclosures in Bangladesh. This backtest serves as an exploratory proof of concept verifying the framework's screening logic under realistic market constraints.
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Thesis Specifications
  • 🏛️ Institution: Islamic University, Bangladesh
  • 📜 Methodology: Design Science Research (DSR)
  • ⚙️ Rigor: Hanafi Jurisprudential Calibration
  • 📊 Backtest: 15-Year Walk-Forward (2010–2024)
  • 🧬 Engine: Rule-Based Compliance Core
ACADEMIC MILESTONE

Symposium Presentation

Presented at the 2026 MTIS Research Symposium.

Muhammad Abu Saied presenting at MTIS Research Symposium 2026
Live Presentation: Muhammad Abu Saied presenting Master's Thesis Research "The Computational Wakil Framework for Islamic Wealth Management" at Islamic University, Bangladesh.
Master's Thesis Research Title

"Bridging Theology and Technology: The Computational Wakil Framework for Islamic Wealth Management"

Official Theme

"Advancing Scholarly Frontiers in Quranic Interpretation and Modern Application"

Chairperson & Supervision
  • Chairperson: Prof. Dr. Md. Jalal Uddin (Dept. Chairman)
  • Supervisor: Prof. Dr. Khan Muhammad Ylias
  • Date: July 25, 2026
Senior Faculty Remarks

Commendation from departmental professors evaluating the research presentations delivered by the MTIS scholars:

"Today's arrangement was one of the most enjoyable moments in my teaching career."

Prof. Dr. A F M Akbar Hossain
Department of Al-Quran & Islamic Studies

"Presentation is an art, and their performance reached an artistic level."

Prof. Dr. A B M Siddiqur Rahman Ashrafi
Department of Al-Quran & Islamic Studies
Cite this Research (BibTeX)Academic & AI Agent Standard
@thesis{abusaied2026computationalwakil,
  author = {Muhammad Abu Saied},
  title = {The Computational Wakil Framework for Islamic Wealth Management},
  school = {Islamic University, Bangladesh},
  department = {Department of Al-Quran & Islamic Studies},
  year = {2026},
  type = {Master's Thesis Research},
  note = {Presented at MTIS Research Symposium. Supervised by Prof. Dr. Khan Muhammad Ylias},
  url = {https://abusaied.com/research}
}

Media Mentions

  • • Daily Naya Diganta (National Print Edition, Page 3, July 26, 2026 issue)Online Article ↗|e-Paper Page 3 ↗
  • • Daily Inqilab — "ইবিতে আল কুরআন বিভাগে সিম্পোজিয়াম"Read Report ↗
  • • Daily Sangram — "ইবির আল-কুরআন বিভাগে আন্তর্জাতিক মানের সিম্পোজিয়াম"Read Report ↗
ONGOING WORK

Active Research & Next Steps

📚 Scholarly Pipeline

Actively developing a multi-paper research series derived from the core thesis, targeting peer-reviewed journals in Islamic finance, computational law, and AI ethics.

✍️ Framework Enhancement

Continuously strengthening the IWM compliance engine with expanded AAOIFI standard coverage, refined screening logic, and localized regulatory alignment.

🚀 Long-Term Vision

Working toward transitioning the framework from an academic prototype to a live, regulated platform for Shariah-compliant capital markets.