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An Academic Research Instantiation of the Computational Wakil Framework
The theoretical basis of this portal is the written academic thesis submitted to the Islamic University, Bangladesh. It establishes the theological, legal, and conceptual boundaries of the framework within classical Hanafi jurisprudence.
Bridging Theology and Technology: The Computational Wakil Framework for Islamic Wealth Management
Master of Theology and Islamic Studies (MTIS)
Dr. Khan Muhammad Ylias
Professor, Dept. of Al-Quran & Islamic Studies
Islamic University, Bangladesh
Faculty of Theology & Islamic Studies
The interactive application hosted on this portal is the functional "software instantiation" and proof-of-concept developed to evaluate system feasibility and trace algorithmic behavior in a simulated market environment.
"Glass Box" Auditable Rule Engine (AAOIFI Standard 59 Tangibility Core)
Next.js (React), Express (Node.js)
TypeScript, PostgreSQL, Python
15-Year Walk-Forward Backtest
Dhaka Stock Exchange (DSE) Prices
Simulated/Proxied Sandbox
Not deployed for live trading
Design Science Research (DSR)
Hevner et al. Iterative Cycle
The **Computational Wakil** serves as a technical proof-of-concept software prototype designed to demonstrate the programmatic formalization of classical Islamic jurisprudence (*Fiqh*) and legal maxims (*Qawa'id Fiqhiyyah*).
The thesis research scope establishes the **Computational Wakil** as a digital trustee under Hanafi agency (*Wakalah*) rules, using Majallah Article 89 to attribute execution to the ordering human user. However, ongoing research identified capacity and inter-school compliance limitations in flat agency models. To resolve these, upcoming research introduces a **Layered Hybrid Fiqh Architecture** (operationalized via a **Neuro-Symbolic Agentic Architecture**) to guarantee multi-school Sunni compliance.
By adopting a **"Glass Box" architecture**, the framework directly addresses the "Trust Deficit" and "Voluntary Disclosure Gap" characteristic of modern Islamic FinTech. In contrast to proprietary, binary "Black Box" compliance screeners, the Computational Wakil exposes raw financial ratios and programmatic rules—such as the 51% tangibility limits under AAOIFI Standard 59—which permits users and Shariah auditors to verify every automated gatekeeping decision.
Structurally, the prototype addresses the industry-wide **"Silo Effect"** by unifying five historically isolated wealth management domains into a continuous **Five Arkan Lifecycle**: Wealth Creation (*Kasb*), Wealth Accumulation (*Tanmiyah*), Wealth Protection (*Hifz*), Wealth Purification (*Tathir*), and Wealth Distribution (*Tawzi*).
To validate the framework's logical correctness and quantitative resilience under historical market stress, the system was evaluated using a **15-year Walk-Forward Backtesting (2010–2024)** simulation.
⚠️ Academic Integrity & Data Disclosure Notice
To maintain absolute academic transparency (*Amanah*), please note the following data boundaries of this prototype: