Browsing by Author Mahadi Ahmad

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Showing results 1 to 6 of 6
  • Corporate_waqf_via_initial_public_offering_(IPO)_Mahadi_Noor_Sa'id Adekunle.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Noor Suhaida Kasri; Sa'id Adekunle Mikail; Mohamed Ibrahim Negasi (2020)

  • The need for sustainable funding of institutions of higher learning led the Government of Malaysia to formulate its Universities Transformation Programme 2015-2025. This transformation agenda came out as the Purple Book which highlighted the need to address the funding gap that may occur in the education sector in the event of unexpected budget cuts. It called for the enhancement of income generation, endowments and waqf to achieve self-sustainability for higher learning institutions (Ministry of Higher Education Malaysia, 2016). Based on the above premise, this research explores the viability of corporate waqf via initial public offering (IPO) as an instrument to raise funds and sus...

  • An_empirical_study_of_the_challenges_facing_zakat_and_waqf_institutions_in_Northern_Nigeria_Mahadi.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad (2019)

  • The purpose of this paper is to unearth the factors inhibiting the development of zakat (the Islamic obligatory alms) and waqf (endowment) institutions in Northern Nigeria, with the aim of proffering appropriate solutions. This paper uses a qualitative research methodology whereby data was sourced from relevant stakeholders in Northern Nigeria. To select the appropriate interviewees, maximum variation and homogenous purposeful sampling techniques were used. The findings of the paper show that zakat and waqf institutions in Northern Nigeria have not achieved their inherent Shari'ah objectives because members of the public have little or no trust or confidence in the institutions. Also,...

  • Shari'ah_analysis_of_zakat_on_sukuk_Mahadi_Mezbah_Moutaz.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Mezbah Uddin Ahmed; Moutaz Abojeib (2021)

  • Sukuk in its contemporary form as a financial instrument has gained prominence only over the last one to two decades. Like a share, a sukuk is defined as an instrument representing undivided ownership over the underlying assets. Naturally, the question arises whether sukuk are subject to the same zakat rulings as shares. Accordingly, this research has identified the similarities between shares and Sukuk. The zakat rulings applicable to shares are also identified, and the research has made an attempt to apply those rulings in the context of sukuk. However, the research has identified the peculiarities of sukuk as it is currently practiced in the global market and provided fresh insight...

  • Shariah_view_on_consumption_tax_Malaysian_GST_and SST_as_case _studies_Mahadi_Saba_Burhanuddin.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad; Saba' Radwan Jamal Elatrash; Burhanuddin Lukman (2019)

  • A consumption tax is a levy on the purchase of goods and services made by consumers as a source of revenues for the governments. This research aims at investigating the Shariah point of view on the compatibility of imposing a consumption tax like the GST and SST on goods and services purchased by consumers. The research used a qualitative method and relied on Islamic primary, secondary sources, relevant laws of Malaysia and other relevant materials. The findings of the research showed that tax is permissible with conditions, but consumption tax is not encouraged in Islam, whether on goods and service bought by the end-users except if the government is compelled by necessity to resort ...

  • Social_impact_bond_(SIB)_Shariah_appraisal_Mahadi_Yahaya_Mahamad.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad; Yahaya Yunusa Bambale; Mahamad Ibrahim Adam Zain (2019)

  • Social Impact Bond (SIB) is a funding mechanism for social projects whereby the payment for the projects is anchored on meeting the outcome metrics, otherwise the investors risk losing their money. The mechanism emerged since 2010 in the United Kingdom and has quickly spread to other parts of the world. In the past, there has not been any popular fatwa on this mechanism from a Shari'ah point of view. Therefore, this article will examine the funding and payment arrangement and then conduct takyif fiqhi (jurisprudential adaptation) to ascertain the degree of Shari'ah compliance and determine the most appropriate Islamic contract most suitable under the arrangement. The article adopts a ...

  • Unearned_wakalah_fee_in_the_takaful_industry_in_Malaysia_Sa'id Adekunle_Fares_Mahadi_Burhanuddin.jpg.jpg
  • Research Monograph


  • Authors: Sa'id Adekunle Mikail; Fares Djafri; Mahadi Ahmad; Burhanuddin Lukman (2021)

  • The issue of unearned wakalah fees (UWF) arises due to the statutory requirements in the Islamic Financial Services Act (IFSA 2013) that mandate takaful operators to refund any undue contribution with the corresponding wakaah fee in the event of surrender or termination of a takaful certificate. The relevant statutory provisions and Bank Negara Malaysia (BNM) guidelines on the valuation basis for liabilities of family and general takaful are open to more than one interpretation, and the exact definition and components of money not due are not clear. The implementation of the statutory provisions and regulatory guidelines on the refund of UWF has raised the following issues for the Ma...

Browsing by Author Mahadi Ahmad

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 6 of 6
  • Corporate_waqf_via_initial_public_offering_(IPO)_Mahadi_Noor_Sa'id Adekunle.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Noor Suhaida Kasri; Sa'id Adekunle Mikail; Mohamed Ibrahim Negasi (2020)

  • The need for sustainable funding of institutions of higher learning led the Government of Malaysia to formulate its Universities Transformation Programme 2015-2025. This transformation agenda came out as the Purple Book which highlighted the need to address the funding gap that may occur in the education sector in the event of unexpected budget cuts. It called for the enhancement of income generation, endowments and waqf to achieve self-sustainability for higher learning institutions (Ministry of Higher Education Malaysia, 2016). Based on the above premise, this research explores the viability of corporate waqf via initial public offering (IPO) as an instrument to raise funds and sus...

  • An_empirical_study_of_the_challenges_facing_zakat_and_waqf_institutions_in_Northern_Nigeria_Mahadi.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad (2019)

  • The purpose of this paper is to unearth the factors inhibiting the development of zakat (the Islamic obligatory alms) and waqf (endowment) institutions in Northern Nigeria, with the aim of proffering appropriate solutions. This paper uses a qualitative research methodology whereby data was sourced from relevant stakeholders in Northern Nigeria. To select the appropriate interviewees, maximum variation and homogenous purposeful sampling techniques were used. The findings of the paper show that zakat and waqf institutions in Northern Nigeria have not achieved their inherent Shari'ah objectives because members of the public have little or no trust or confidence in the institutions. Also,...

  • Shari'ah_analysis_of_zakat_on_sukuk_Mahadi_Mezbah_Moutaz.jpg.jpg
  • Research Monograph


  • Authors: Mahadi Ahmad; Mezbah Uddin Ahmed; Moutaz Abojeib (2021)

  • Sukuk in its contemporary form as a financial instrument has gained prominence only over the last one to two decades. Like a share, a sukuk is defined as an instrument representing undivided ownership over the underlying assets. Naturally, the question arises whether sukuk are subject to the same zakat rulings as shares. Accordingly, this research has identified the similarities between shares and Sukuk. The zakat rulings applicable to shares are also identified, and the research has made an attempt to apply those rulings in the context of sukuk. However, the research has identified the peculiarities of sukuk as it is currently practiced in the global market and provided fresh insight...

  • Shariah_view_on_consumption_tax_Malaysian_GST_and SST_as_case _studies_Mahadi_Saba_Burhanuddin.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad; Saba' Radwan Jamal Elatrash; Burhanuddin Lukman (2019)

  • A consumption tax is a levy on the purchase of goods and services made by consumers as a source of revenues for the governments. This research aims at investigating the Shariah point of view on the compatibility of imposing a consumption tax like the GST and SST on goods and services purchased by consumers. The research used a qualitative method and relied on Islamic primary, secondary sources, relevant laws of Malaysia and other relevant materials. The findings of the research showed that tax is permissible with conditions, but consumption tax is not encouraged in Islam, whether on goods and service bought by the end-users except if the government is compelled by necessity to resort ...

  • Social_impact_bond_(SIB)_Shariah_appraisal_Mahadi_Yahaya_Mahamad.pdf.jpg
  • Journal Article


  • Authors: Mahadi Ahmad; Yahaya Yunusa Bambale; Mahamad Ibrahim Adam Zain (2019)

  • Social Impact Bond (SIB) is a funding mechanism for social projects whereby the payment for the projects is anchored on meeting the outcome metrics, otherwise the investors risk losing their money. The mechanism emerged since 2010 in the United Kingdom and has quickly spread to other parts of the world. In the past, there has not been any popular fatwa on this mechanism from a Shari'ah point of view. Therefore, this article will examine the funding and payment arrangement and then conduct takyif fiqhi (jurisprudential adaptation) to ascertain the degree of Shari'ah compliance and determine the most appropriate Islamic contract most suitable under the arrangement. The article adopts a ...

  • Unearned_wakalah_fee_in_the_takaful_industry_in_Malaysia_Sa'id Adekunle_Fares_Mahadi_Burhanuddin.jpg.jpg
  • Research Monograph


  • Authors: Sa'id Adekunle Mikail; Fares Djafri; Mahadi Ahmad; Burhanuddin Lukman (2021)

  • The issue of unearned wakalah fees (UWF) arises due to the statutory requirements in the Islamic Financial Services Act (IFSA 2013) that mandate takaful operators to refund any undue contribution with the corresponding wakaah fee in the event of surrender or termination of a takaful certificate. The relevant statutory provisions and Bank Negara Malaysia (BNM) guidelines on the valuation basis for liabilities of family and general takaful are open to more than one interpretation, and the exact definition and components of money not due are not clear. The implementation of the statutory provisions and regulatory guidelines on the refund of UWF has raised the following issues for the Ma...