This article examines the theological and hermeneutical foundations and fault lines of Muslim modernism and traditionalism in South Asia. It does so through a close reading of a massively consequential but thus far unstudied debate on the normative sources and interpretive parameters of religion in colonial modernity between the scholars Sayyid Ahmad Khan (d. 1898) and Muhammad Qasim Nanautvi (d. 1877), founders of arguably the most prominent bastions of modernism and traditionalism in Muslim South Asia: the Aligarh Muslim University and the Deoband Madrasa, both established in the late nineteenth century.