Due to the intellectual decline that has affected the Muslims throughout the last few centuries the subject of Ijtihad has become vague in the minds of many, unfortunately, including some thinkers as well as Ulema . Different extremes exist, some believe the doors of Ijtihad are closed whereas others have broken the doors of Ijtihad altogether. The following are some of the key misconceptions that have crept into the minds: a) The doors of Ijtihad are closed i.e. it is impossible and not permitted to undertake Ijtihad today. b) The scope of Ijtihad includes most things including definitive matters such as the prohibition of Riba (usury) and the prohibition of having nation states with a multiplicity of rulers in the Muslim world. It allows Islam to be reformed in order to apply to the modern age. c) Ijtihad is only personal reasoning and not the hukm of Allah i.e. it is the reasoning of an individual and therefore cannot be a shariah rule. d) Ijtihad is an in
"Thoughts are the greatest wealth of any nation."