Talfīq is widely used by the present Islamic scholars in formulating
current laws, especially in the field of Islamic finance. In this
article, the researcher has reviewed a number of published
articles with the purpose to analyze several matters which possess
direct relationship with the concept of talfīq and its application
in the field of Islamic finance. The researcher had deliberately
elaborate the concept of talfīq and the debates by scholars,
as well as the applications on this concept. Besides that, the Shariah Advisory Council (SAC) of Bank Negara Malaysia and
the legal solutions methods employed by the Shariah supervision
body of Islamic financial institutions from the studies done by
the previous researchers. This study reveals that the studies on
talfīq including the ruling of its usage as a legal solution method
need to continue in order to complete the understanding on this
concept. Furthermore, specific studies on legal solution method
in Islamic financial institutions need to be carried out so as to
produce a specific legal solution method to be used as a guide
to the Shariah supervision body of Islamic financial institutions
currently.