Assoc. Prof. Dr. Aishath Muneeza
Qualification:Ph.D.in Law in International Islamic University Malaysia. (2013)
Fields/Area of Specialization:Islamic Banking Law
Assoc. Prof. Dr. Aishath Muneeza holds a Ph.D.in Law, Masters in Banking Law, and a Bachelor of Laws (Hons) all from the International Islamic University of Malaysia. She is a wealth of knowledge in her field of specialization. She has acquired significant education and work experience in Islamic Law, Islamic Banking & Finance and many other related subjects. She has presented numerous research papers in international conferences held in different parts of the world and has also published academic books and papers on Islamic Finance.

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Showing results 1 to 20 of 102
  • the_maldives’s_vision_to_be_an_islamic_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Outstanding employees for 2018 were honored during the Capital Market Development Authority (CMDA)'s 13th anniversary event held on the 10th February 2019 at Champa Central Hotel, Male. The chief guest of the ceremony, Minister of Finance and Treasury Ibrahim Ameer, emphasized in his speech the vision of the government to sustain Islamic finance in the country and to strategize the Maldives as a hub of Islamic finance.

  • maldives_islamic_bank_to_go_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives Islamic Bank (MIB) plans to go for an IPO this year. The current shareholdings in MIB are 70% by the Islamic Corporation for the Development of the Private Sector, 25% by the government of the Maldives and 5% by Amana Takaful Maldives, the only Islamic equity listed on the Maldives Stock Exchange since 2011.

  • amana_takaful_maldives_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives (Amana Takaful) held its eighth annual general meeting (AGM) on the 28th April 2019 in the Republic of Maldives. During the meeting, the minutes of the 2018 AGM were adopted and the annual report of the board of directors on the affairs of the company for the year ended the 31st December 2018 and the report of the auditors were passed, among other things.

  • islamic_finance_withstands_the_winds_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a small island nation with a 100% Muslim population that is exemplary in its attempt to develop a fully-fledged Islamic finance industry. From only one Takaful company operating in the Maldives in 2003 under a conventional license, now in 2018, there are 13 institutions dealing with Islamic financial services, proving the ever-growing demand for Islamic finance in the Maldives.

  • developing_regional_healthcare_facilities_in_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Badeeu, Fathimath Nashwa; Nafiz, Aminath Reesha; Muneeza, Aishath (2019)

  • The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in islands and atolls in a wider context. The paper scrutinizes the financial burden faced by the current healthcare system in Maldives. It also proposes shariah compliant mechanism that can be utilized to minimize financial burden in a long-term basis. It is hoped that the outcome of the research will assist the policymakers of Maldives to devise a shariah compliant mechanism to finance the development of atoll and island health facilities in a sustainable manner.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • MMA_and_CMDA_publish_annual_reports_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The central bank of the Maldives, the Maldives Monetary Authority (MMA), has published its annual report for 2018. The governor stated in the report that he is happy to reveal that an MMA staff member was selected to pursue postgraduate studies in Islamic banking and finance - a highly sought-after and up-and-coming field in today's world of finance. In addition, several changes were made to the organizational structure of the MMA during the year, to enhance the operational efficiency and governance of the institution.

  • application_blockchain_technology_crowdfunding_Aishath_Zakariya.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Mustapha, Zakariya (2019)

  • Technology has advanced with the spread of internet services. Statistics by the United States have estimated that internet facilities have been made available to over a third of the total world population and, in the same vein, access to mobile phones has been rendered to about 85 percent of the population. Crowdfunding finds widespread support via internet platforms and is gaining momentum as a means to empower people and businesses hitherto unable to access banking or access limited facilities therefrom. Today, it has become a mechanism for raising funds to build multi-billion-dollar industries. It is said that the difficulties encountered while struggling to source funds by newly-f...

  • belt_and_road_initiative_and_Islamic_financing_jinzi_aishath.pdf.jpg
  • Journal Article


  • Authors: JinZi, Chu; Muneeza, Aishath (2019)

  • China's One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China's vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as p...

  • a_case_study_default_Islamic_financing_facilities_Malaysian_perspective_aishath.pdf.jpg
  • Chapter in Book


  • Authors: Muneeza, Aishath (2019)

  • Default can occur in Islamic banking. As the law applicable to Islamic banking is derived from Shariah, it is imperative to check whether the current practice of Islamic banks in default aligns with Shariah. The objective of this chapter is to discuss the rules and procedures Islamic banks in Malaysia follow in case of default. This is a qualitative research where data from primary sources such as laws on the matter are extracted to derive conclusions and secondary sources such as case laws and other published materials in the subject matter are explored. It is anticipated that the outcome of this chapter will assist to comprehend the way in which Islamic banks deal in case of default...

  • the_significance_Central_Bank_Malaysia_Act_Islamic_banking_muneeza.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2019)

  • Malaysia is considered as the cranium of Islamic banking. The purpose of this paper is to find out the significance of Central Bank of Malaysia Act (CBMA) to Islamic banking by analysing the relevant provisions of CBMA and the reported case law in Malaysia in this regard. This is a legal research where the provisions of this Act relevant to Islamic banking is reviewed and assessed in the light of reported case law. It is found that there is a need for the legislature to come up with the specific directions or practice notes in which Shariah issues of the case could be differentiated from factual issues/legal issues. It is hoped that the outcome of this paper will assist those jurisdic...

  • integrating waqf crowfunding into the blockchain_magda_aishath.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2019)

  • Looking at current global reports, it seems that half of the world's population is suffering economically and socially. According to the most recent estimates, in 2013, 10.7 per cent of the world's population (767 million people) lived on less than US$1.90 a day (World Bank|Poverty Overview 2018). Moreover, millions of people lack adequate shelter and access to portable water, health services and education and suffer from extreme hunger (Shah 2013). Muslim countries are not exceptional, even though many anti-poverty programmes have been implemented, yet the Islamic Development Bank reported that 351.2 million people are living on less than $1.25 a day (SESRIC - Statistical, Economic a...

  • Islamic_financial_wealth_management_muneeza.pdf.jpg
  • Journal Article


  • Authors: Mahadi, Nurul Arifah; Mazli, Siti Aishah; Muneeza, Aishath (2019)

  • The gender gap in Islamic wealth management is an area often not discussed as some perceive Islam as a religion that bans women from acquiring and managing wealth separately from the men in their life. Therefore, this paper aims to explore the economic status of women from an Islamic perspective by examining the relevant literature. Drawing from the Malaysian context, this paper illustrates the gender gap in financial inclusion and also looks at market opportunities to empower women financially. This is a conceptual paper grounded in religious texts, academic publications and statistics published by authoritative bodies. The paper clarifies the general concept of Islamic wealth manage...

  • potential_application_technology-based_innovations_zakat_administration_India_Aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Nadwi, Shahbaz (2019)

  • India is the home country for many Muslims and effective management of zakah is essential to the country. In this era of technology, it is imperative to use technology with zakat to ensure that the classical zakat administration approaches are upgraded to the uruf or customary practices of the society. The objective of this paper is to find out the potential of using technology in upgrading zakat administration in India. This is a qualitative approach where the primary sources such as zakat administration laws in India and secondary sources such as journal articles and published reports on the subject are analysed to derive conclusions. The findings of this paper suggest that the inno...

  • conference_potential_application_technology-based innovations_zakat_administration_India_Aishath.pdf.jpg
  • Academic Proceeding


  • Authors: Muneeza, Aishath; Nadwi, Shahbaz (2019)

  • India is the home country for many Muslims and effective management of zakah is essential to the country. In this era of technology, it is imperative to fuse technology with zakat to ensure that the classical zakat administration approaches are upgraded to the uruf or customary practices of the society. The objective of this paper is to find out the potential of using technology in upgrading zakat administration in India. This is a qualitative approach where the primary sources such as zakat administration laws in India and secondary sources such as journal articles and published reports on the subject are analysed to derive conclusions. The findings of this paper suggests that the in...

  • the_potential_Bai_Salam_Islamic_social_finance_muneeza.pdf.jpg
  • Journal Article


  • Authors: Anggi Kusuma Putri; Esha tir Razia; Muneeza, Aishath (2019)

  • Ending poverty is the first of the 17 goals of the 2030 Agenda for Sustainable Development set by the United Nations. The target is to have no more than 3 percent of the world's population living on just $1.90 a day by 2030. A review on existing literature suggests that the United Nations need a more diverse approach to boost farming and alleviate poverty in order to meet its target. The paper is an effort to explore the possible application of an Islamic banking instrument in meeting the 2030 Agenda for Sustainable Development. This paper aims to explore the feasibility of Salam as an alternative mode of agricultural financing. The concept of the paper can be extended to non-farming ...

  • establishment_of_Islamic_capital_market_in_jurisdictions_with_limited_Islamic_financial_services_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2018)

  • It is said that to establish an Islamic Capital Market, the first step would be to have a strong Islamic finance industry with numerous institutions offering Islamic financial services. This way it is easy to know that the demand for Islamic capital market would be there and that market will be sophisticated enough to comprehensive the nature of shariah compliant products. Generally, in most of the jurisdictions this is how the Islamic capital market is created. This paper will look at the establishment of Islamic capital market in Maldives, small island nation where the establishment of Islamic capital market happened when at a time there was only one takaful company and one Islamic ...

Assoc. Prof. Dr. Aishath Muneeza
author picture
Qualification: Ph.D.in Law in International Islamic University Malaysia. (2013)
Fields/Area of Specialization: Islamic Banking Law
Assoc. Prof. Dr. Aishath Muneeza holds a Ph.D.in Law, Masters in Banking Law, and a Bachelor of Laws (Hons) all from the International Islamic University of Malaysia. She is a wealth of knowledge in her field of specialization. She has acquired significant education and work experience in Islamic Law, Islamic Banking & Finance and many other related subjects. She has presented numerous research papers in international conferences held in different parts of the world and has also published academic books and papers on Islamic Finance.
Showing results 1 to 20 of 102
  • the_maldives’s_vision_to_be_an_islamic_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Outstanding employees for 2018 were honored during the Capital Market Development Authority (CMDA)'s 13th anniversary event held on the 10th February 2019 at Champa Central Hotel, Male. The chief guest of the ceremony, Minister of Finance and Treasury Ibrahim Ameer, emphasized in his speech the vision of the government to sustain Islamic finance in the country and to strategize the Maldives as a hub of Islamic finance.

  • maldives_islamic_bank_to_go_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives Islamic Bank (MIB) plans to go for an IPO this year. The current shareholdings in MIB are 70% by the Islamic Corporation for the Development of the Private Sector, 25% by the government of the Maldives and 5% by Amana Takaful Maldives, the only Islamic equity listed on the Maldives Stock Exchange since 2011.

  • amana_takaful_maldives_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives (Amana Takaful) held its eighth annual general meeting (AGM) on the 28th April 2019 in the Republic of Maldives. During the meeting, the minutes of the 2018 AGM were adopted and the annual report of the board of directors on the affairs of the company for the year ended the 31st December 2018 and the report of the auditors were passed, among other things.

  • islamic_finance_withstands_the_winds_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a small island nation with a 100% Muslim population that is exemplary in its attempt to develop a fully-fledged Islamic finance industry. From only one Takaful company operating in the Maldives in 2003 under a conventional license, now in 2018, there are 13 institutions dealing with Islamic financial services, proving the ever-growing demand for Islamic finance in the Maldives.

  • developing_regional_healthcare_facilities_in_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Badeeu, Fathimath Nashwa; Nafiz, Aminath Reesha; Muneeza, Aishath (2019)

  • The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in islands and atolls in a wider context. The paper scrutinizes the financial burden faced by the current healthcare system in Maldives. It also proposes shariah compliant mechanism that can be utilized to minimize financial burden in a long-term basis. It is hoped that the outcome of the research will assist the policymakers of Maldives to devise a shariah compliant mechanism to finance the development of atoll and island health facilities in a sustainable manner.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • MMA_and_CMDA_publish_annual_reports_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The central bank of the Maldives, the Maldives Monetary Authority (MMA), has published its annual report for 2018. The governor stated in the report that he is happy to reveal that an MMA staff member was selected to pursue postgraduate studies in Islamic banking and finance - a highly sought-after and up-and-coming field in today's world of finance. In addition, several changes were made to the organizational structure of the MMA during the year, to enhance the operational efficiency and governance of the institution.

  • application_blockchain_technology_crowdfunding_Aishath_Zakariya.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Mustapha, Zakariya (2019)

  • Technology has advanced with the spread of internet services. Statistics by the United States have estimated that internet facilities have been made available to over a third of the total world population and, in the same vein, access to mobile phones has been rendered to about 85 percent of the population. Crowdfunding finds widespread support via internet platforms and is gaining momentum as a means to empower people and businesses hitherto unable to access banking or access limited facilities therefrom. Today, it has become a mechanism for raising funds to build multi-billion-dollar industries. It is said that the difficulties encountered while struggling to source funds by newly-f...

  • belt_and_road_initiative_and_Islamic_financing_jinzi_aishath.pdf.jpg
  • Journal Article


  • Authors: JinZi, Chu; Muneeza, Aishath (2019)

  • China's One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China's vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as p...

  • a_case_study_default_Islamic_financing_facilities_Malaysian_perspective_aishath.pdf.jpg
  • Chapter in Book


  • Authors: Muneeza, Aishath (2019)

  • Default can occur in Islamic banking. As the law applicable to Islamic banking is derived from Shariah, it is imperative to check whether the current practice of Islamic banks in default aligns with Shariah. The objective of this chapter is to discuss the rules and procedures Islamic banks in Malaysia follow in case of default. This is a qualitative research where data from primary sources such as laws on the matter are extracted to derive conclusions and secondary sources such as case laws and other published materials in the subject matter are explored. It is anticipated that the outcome of this chapter will assist to comprehend the way in which Islamic banks deal in case of default...

  • the_significance_Central_Bank_Malaysia_Act_Islamic_banking_muneeza.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2019)

  • Malaysia is considered as the cranium of Islamic banking. The purpose of this paper is to find out the significance of Central Bank of Malaysia Act (CBMA) to Islamic banking by analysing the relevant provisions of CBMA and the reported case law in Malaysia in this regard. This is a legal research where the provisions of this Act relevant to Islamic banking is reviewed and assessed in the light of reported case law. It is found that there is a need for the legislature to come up with the specific directions or practice notes in which Shariah issues of the case could be differentiated from factual issues/legal issues. It is hoped that the outcome of this paper will assist those jurisdic...

  • integrating waqf crowfunding into the blockchain_magda_aishath.jpg.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2019)

  • Looking at current global reports, it seems that half of the world's population is suffering economically and socially. According to the most recent estimates, in 2013, 10.7 per cent of the world's population (767 million people) lived on less than US$1.90 a day (World Bank|Poverty Overview 2018). Moreover, millions of people lack adequate shelter and access to portable water, health services and education and suffer from extreme hunger (Shah 2013). Muslim countries are not exceptional, even though many anti-poverty programmes have been implemented, yet the Islamic Development Bank reported that 351.2 million people are living on less than $1.25 a day (SESRIC - Statistical, Economic a...

  • Islamic_financial_wealth_management_muneeza.pdf.jpg
  • Journal Article


  • Authors: Mahadi, Nurul Arifah; Mazli, Siti Aishah; Muneeza, Aishath (2019)

  • The gender gap in Islamic wealth management is an area often not discussed as some perceive Islam as a religion that bans women from acquiring and managing wealth separately from the men in their life. Therefore, this paper aims to explore the economic status of women from an Islamic perspective by examining the relevant literature. Drawing from the Malaysian context, this paper illustrates the gender gap in financial inclusion and also looks at market opportunities to empower women financially. This is a conceptual paper grounded in religious texts, academic publications and statistics published by authoritative bodies. The paper clarifies the general concept of Islamic wealth manage...

  • potential_application_technology-based_innovations_zakat_administration_India_Aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Nadwi, Shahbaz (2019)

  • India is the home country for many Muslims and effective management of zakah is essential to the country. In this era of technology, it is imperative to use technology with zakat to ensure that the classical zakat administration approaches are upgraded to the uruf or customary practices of the society. The objective of this paper is to find out the potential of using technology in upgrading zakat administration in India. This is a qualitative approach where the primary sources such as zakat administration laws in India and secondary sources such as journal articles and published reports on the subject are analysed to derive conclusions. The findings of this paper suggest that the inno...

  • conference_potential_application_technology-based innovations_zakat_administration_India_Aishath.pdf.jpg
  • Academic Proceeding


  • Authors: Muneeza, Aishath; Nadwi, Shahbaz (2019)

  • India is the home country for many Muslims and effective management of zakah is essential to the country. In this era of technology, it is imperative to fuse technology with zakat to ensure that the classical zakat administration approaches are upgraded to the uruf or customary practices of the society. The objective of this paper is to find out the potential of using technology in upgrading zakat administration in India. This is a qualitative approach where the primary sources such as zakat administration laws in India and secondary sources such as journal articles and published reports on the subject are analysed to derive conclusions. The findings of this paper suggests that the in...

  • the_potential_Bai_Salam_Islamic_social_finance_muneeza.pdf.jpg
  • Journal Article


  • Authors: Anggi Kusuma Putri; Esha tir Razia; Muneeza, Aishath (2019)

  • Ending poverty is the first of the 17 goals of the 2030 Agenda for Sustainable Development set by the United Nations. The target is to have no more than 3 percent of the world's population living on just $1.90 a day by 2030. A review on existing literature suggests that the United Nations need a more diverse approach to boost farming and alleviate poverty in order to meet its target. The paper is an effort to explore the possible application of an Islamic banking instrument in meeting the 2030 Agenda for Sustainable Development. This paper aims to explore the feasibility of Salam as an alternative mode of agricultural financing. The concept of the paper can be extended to non-farming ...

  • establishment_of_Islamic_capital_market_in_jurisdictions_with_limited_Islamic_financial_services_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2018)

  • It is said that to establish an Islamic Capital Market, the first step would be to have a strong Islamic finance industry with numerous institutions offering Islamic financial services. This way it is easy to know that the demand for Islamic capital market would be there and that market will be sophisticated enough to comprehensive the nature of shariah compliant products. Generally, in most of the jurisdictions this is how the Islamic capital market is created. This paper will look at the establishment of Islamic capital market in Maldives, small island nation where the establishment of Islamic capital market happened when at a time there was only one takaful company and one Islamic ...