Browsing by Author Wisham, Ismail

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Showing results 1 to 9 of 9
  • clash_of_convictions_conventional_banking_islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Wisham, Ismail; Hassan, Rusni (2010)

  • Malaysia is a religiously and ethnically versatile country with a dual legal structure. Essentially, Malaysia's banking system is plural and thus, two different sets of legal systems work at the same time. The semi-permanent conventional banking system has been leveled off by the Islamic banking system which emerged only in 1983. Whether accepted or not, the dual system which emerged only in 1983. Whether accepted or not, the dual system in the society has created challenges and clashes between the two, and these must be addressed and dealt with properly, so as to trim down such clashes to a minimum. Several quarrels exist between conventional and Islamic banking laws; some which aris...

  • honey_at_the_tip_of_the_tongue_corruption_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2011)

  • Corruption is a cancer spoiling the society. It inhibits the developed and developing nations to rise above and turn into developed nations. The developing countries are struggling to tackle the issue of corruption. This indeed affects the development of projects and impacts the grassroots by depriving the marginalised of essential benefits. The objective of this paper is to provide a descriptive analysis on international corruption, curbing legislations existing in the world today. It is argued here that corruption needs to be curbed at all cost. This article also proposes suggestions on how this issue may be resolved. The authors contend that a single set of legislation against cor...

  • islamic banking under the Malaysia law_aishath.pdf.jpg
  • Book


  • Authors: Muneeza, Aishath; Hassan, Rusni; Wisham, Ismail (2011)

  • In the board sphere of the banking world, shari'ah compliant banking has been duly coined as Islamic banking. It does not; however limit the patrons of Islamic banking to Muslims. Today, irrespective of the faith conviction, both Muslims and non-Muslims utilize Islamic banking. Malaysia is considered as the cranium of Islamic banking. This maybe due to the fact Malaysia is among the very first countries that adopted Islamic banking parallel to conventional banking and has progressively sustained it from 1983 up until now...

  • paradox_struggle_between_Islamic_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Wisham, Ismail; Hassan, Rusni (2010)

  • Malaysia is a multi religious and a multi ethnic society with a plural legal structure. The banking system of country is essentially dual in nature and hence, there are two different sets of legal framework working simultaneously. Today, the Islamic Banking system which emerged in 1983 has levelled up to the conventional banking system which had rooted itself in the society a long time ago. Whether we believe it or not there are challenges and clashes at hand due to the existence of the dual system in the society and they need to be addressed properly, so that the clashes between these two types of banking system can be minimized. There are several quarrels between conventional and I...

  • possible_legal_framework_pioneer_Islamic_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath; Hassan, Rusni (2011)

  • The Maldives has been striving to pioneer Islamic banking for the past few years. For a starter, guidance from the emperor of Islamic banking would be indispensable. Malaysia is the emperor of it. Starting from 1983, it has been practicing Islamic banking up until now. Today, by gradually correcting the mistakes that has been made over the years, Malaysia has become the leading nation for Islamic banking. Malaysia is a multi-religious society, distinct from the Maldives. The point that should be noted here is that when Malaysia started Islamic banking, the only piece of banking legislation available in the country was one that supported the conventional banks. Hence it had to pave awa...

  • reconciling_dual_banking_system_application.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath; Wisham, Ismail (2011)

  • The Islamic financial system in Malaysia has emerged as a viable and vibrant component of the overall financial system. Nevertheless, salam based Islamic Banking products are anything but popular in the context of the Malaysian banking industry, despite boasting more than 40 Islamic financial products available, ranging from retail based products to project financing. This is partially due to the misconstructions over the viability of salam contracts. These misconceptions largely discount the social value for such contracts overlooking the fact that salam based contracts bridge the gap between the financers and recipients fostering platforms for substantial economic trust, providing f...

  • sciences_of_punishment_introduction_to_comparative_penology.pdf.jpg
  • Book


  • Authors: Muneeza, Aishath; Wisham, Ismail (2011)

  • Punishment is the universal response to crime and deviance in all regions of the world where its particular form and purpose is linked to detailed features of the structure of these societies at any given point in time. Designed to identify and examine the sources of similarity and differences in type of physical, ande economic punishments, incapacitation devices and designs, and lethal and non-lethal forms of corporall punishment over time and place through a comparative chronological analysis of punishment.

  • special_legal_features_islamic_wad_pledge_comparison_conventional_law_promise_within_sphere_Islamic_finance_aishath.pdf.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath; Hassan, Rusni (2011)

  • The purpose of this paper is to theoretically assess the legal position of the Islamic doctrine of wa'd (or pledge) in relation to 'aqd (within the sphere of Islamic finance), and compare it with the conventional viewpoint, while discussing the several modes/means/usages in terms of applied Shariah. The paper utilizes a doctrinal approach to focus on the theoretical aspect of the concept while attempting to suggest practical adaptation and structuring, enabling smoother and more efficient use. The status quo was dependent on the wa'd being an operational instrument in today's world and further development in terms of bridging the understanding was the approach.

  • watchdogs_for_cross-border_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2012)

  • Islamic banking is unique and different from its conventional counterpart. This essentially means that we cannot carry out an apple to apple comparison between the two systems. Islamic banking is a system rooted in Islamic ideology. Overseeing of the whole system, thus naturally rests in the hands of those scholars who were educated in Islamic Shariah. This is the reason why several of the countries have established domestic Shariah advisory bodies, to monitor the administration of Islamic banking and the structuring of its products.

Browsing by Author Wisham, Ismail

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 9 of 9
  • clash_of_convictions_conventional_banking_islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Wisham, Ismail; Hassan, Rusni (2010)

  • Malaysia is a religiously and ethnically versatile country with a dual legal structure. Essentially, Malaysia's banking system is plural and thus, two different sets of legal systems work at the same time. The semi-permanent conventional banking system has been leveled off by the Islamic banking system which emerged only in 1983. Whether accepted or not, the dual system which emerged only in 1983. Whether accepted or not, the dual system in the society has created challenges and clashes between the two, and these must be addressed and dealt with properly, so as to trim down such clashes to a minimum. Several quarrels exist between conventional and Islamic banking laws; some which aris...

  • honey_at_the_tip_of_the_tongue_corruption_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2011)

  • Corruption is a cancer spoiling the society. It inhibits the developed and developing nations to rise above and turn into developed nations. The developing countries are struggling to tackle the issue of corruption. This indeed affects the development of projects and impacts the grassroots by depriving the marginalised of essential benefits. The objective of this paper is to provide a descriptive analysis on international corruption, curbing legislations existing in the world today. It is argued here that corruption needs to be curbed at all cost. This article also proposes suggestions on how this issue may be resolved. The authors contend that a single set of legislation against cor...

  • islamic banking under the Malaysia law_aishath.pdf.jpg
  • Book


  • Authors: Muneeza, Aishath; Hassan, Rusni; Wisham, Ismail (2011)

  • In the board sphere of the banking world, shari'ah compliant banking has been duly coined as Islamic banking. It does not; however limit the patrons of Islamic banking to Muslims. Today, irrespective of the faith conviction, both Muslims and non-Muslims utilize Islamic banking. Malaysia is considered as the cranium of Islamic banking. This maybe due to the fact Malaysia is among the very first countries that adopted Islamic banking parallel to conventional banking and has progressively sustained it from 1983 up until now...

  • paradox_struggle_between_Islamic_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Wisham, Ismail; Hassan, Rusni (2010)

  • Malaysia is a multi religious and a multi ethnic society with a plural legal structure. The banking system of country is essentially dual in nature and hence, there are two different sets of legal framework working simultaneously. Today, the Islamic Banking system which emerged in 1983 has levelled up to the conventional banking system which had rooted itself in the society a long time ago. Whether we believe it or not there are challenges and clashes at hand due to the existence of the dual system in the society and they need to be addressed properly, so that the clashes between these two types of banking system can be minimized. There are several quarrels between conventional and I...

  • possible_legal_framework_pioneer_Islamic_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath; Hassan, Rusni (2011)

  • The Maldives has been striving to pioneer Islamic banking for the past few years. For a starter, guidance from the emperor of Islamic banking would be indispensable. Malaysia is the emperor of it. Starting from 1983, it has been practicing Islamic banking up until now. Today, by gradually correcting the mistakes that has been made over the years, Malaysia has become the leading nation for Islamic banking. Malaysia is a multi-religious society, distinct from the Maldives. The point that should be noted here is that when Malaysia started Islamic banking, the only piece of banking legislation available in the country was one that supported the conventional banks. Hence it had to pave awa...

  • reconciling_dual_banking_system_application.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath; Wisham, Ismail (2011)

  • The Islamic financial system in Malaysia has emerged as a viable and vibrant component of the overall financial system. Nevertheless, salam based Islamic Banking products are anything but popular in the context of the Malaysian banking industry, despite boasting more than 40 Islamic financial products available, ranging from retail based products to project financing. This is partially due to the misconstructions over the viability of salam contracts. These misconceptions largely discount the social value for such contracts overlooking the fact that salam based contracts bridge the gap between the financers and recipients fostering platforms for substantial economic trust, providing f...

  • sciences_of_punishment_introduction_to_comparative_penology.pdf.jpg
  • Book


  • Authors: Muneeza, Aishath; Wisham, Ismail (2011)

  • Punishment is the universal response to crime and deviance in all regions of the world where its particular form and purpose is linked to detailed features of the structure of these societies at any given point in time. Designed to identify and examine the sources of similarity and differences in type of physical, ande economic punishments, incapacitation devices and designs, and lethal and non-lethal forms of corporall punishment over time and place through a comparative chronological analysis of punishment.

  • special_legal_features_islamic_wad_pledge_comparison_conventional_law_promise_within_sphere_Islamic_finance_aishath.pdf.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath; Hassan, Rusni (2011)

  • The purpose of this paper is to theoretically assess the legal position of the Islamic doctrine of wa'd (or pledge) in relation to 'aqd (within the sphere of Islamic finance), and compare it with the conventional viewpoint, while discussing the several modes/means/usages in terms of applied Shariah. The paper utilizes a doctrinal approach to focus on the theoretical aspect of the concept while attempting to suggest practical adaptation and structuring, enabling smoother and more efficient use. The status quo was dependent on the wa'd being an operational instrument in today's world and further development in terms of bridging the understanding was the approach.

  • watchdogs_for_cross-border_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2012)

  • Islamic banking is unique and different from its conventional counterpart. This essentially means that we cannot carry out an apple to apple comparison between the two systems. Islamic banking is a system rooted in Islamic ideology. Overseeing of the whole system, thus naturally rests in the hands of those scholars who were educated in Islamic Shariah. This is the reason why several of the countries have established domestic Shariah advisory bodies, to monitor the administration of Islamic banking and the structuring of its products.