Panentheism (Ismailism)
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With the exception of the Mustaali Ismaili, most Ismaili believe in panentheism, meaning God is both reality and transcendent of it. While the figure of the Godhead is beyond this universe, the Godhead has created reality, which is God itself. All living beings exist in this reality, however reality in its entirety is invested in the form of the Imam.