Maqasid al-Shariah (the objectives of Islamic Law) is one of the most important concepts that play a crucial role in strengthening the contemporary Islamic finance today. It is considered as a measurement to streamline the Islamic finance business activities, along with the different product offered in the market. The achievement of Maqasid al-Shariah in islamic finance is an indication of the shariah compliant status of the Islamic Financial Institutions activiities. However, in order to ensure a proper implementation pf Maqasid al-Shariah in the current business environment , it is important at the initial stage to understand its concept, features, principles and categories, before moving onto the stage of implementation.