Secondly...
Secondly, humanity being immature, it was not previously competent enough to have a comprehensive plan for its guidance, and hence it was necessary that it should be guided by the Prophets piecemeal and step by step. Anyhow, by the period of the final Prophethood humanity had developed to the extent that it was able to have a comprehensive plan of conduct and it was no longer necessary that it should receive guidance stage by stage.
Besides the extinction of the old celestial Books and the alteration in them, another reason for the continual renewal of Prophethood was that man in olden days was not able to receive a comprehensive plan. When his ability sufficiently developed, a comprehensive scheme was put at his disposal and this reason of the renewal of Prophethood also disappeared.
Now the Muslim scholars who were specialists in this field, can guide the Muslims in the light of this scheme and can frame the rules and procedures for them to suit every occasion. Thirdly, the overwhelming majority of the Prophets consisted of the preaching and not the law-giving Prophets. The number of the law-giving Prophets did not exceed the number of the fingers of one hand.
The task of the preaching Prophets was to propagate, interpret and promulgate the religious law prevailing during their time. Now the religious scholars of the age of the finality of Prophethood, which is the age of knowledge, are capable of applying the general principles of Islam to the requirements of the time and place and deducing the rules of religious laws. This process is called Ijtihad.
The outstanding Muslim divines in this way perform many duties of the preaching Prophets and some of those even of the law-giving Prophet without being the law-givers themselves. They guide the Muslim Ummah. Thus, though the need of religion still exists and is expected to be ever increasing with the further cultural development of humanity, the need of the new Prophets and the new revealed Books has ceased to exist. And hence Prophethood has come to an end with the final Prophet.