Browsing by Title

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Showing results 458 to 477 of 1511
  • Exploratory _study_possibility_replacing_tawarruq_based_Islamic_banking_products_using other_alternatives_Aishath et al.pdf.jpg
  • Journal Article


  • Authors: Ahmad, Zaki; Zahir, Faathih; Usman, Ahmed Mohamud; Muneeza, Aishath; Mustapha, Zakariya (2020)

  • Tawarruq which is also known as commodity murabahah in Islamic banking is widely practiced in Malaysia to structure different types of Islamic banking products. The widespread use of tawarruq has made Islamic banks to be re-named as "tawarruq banks" and some even call tawarruq as the "magic lamp" of the industry. Shariah scholars have criticised this frequent usage of tawarruq in Islamic banking industry of Malaysia, while the practitioners have replied by saying that if tawarruq is a shariah approved concept, then what is wrong with the usage of it? However, from the shariah perspective, the issue here is not about the shariah compliance of tawarruq transactions per se. It is about t...

  • exploring_family_takafuls_evolving_landscape_ezamshah_lahsasna_july_2010.pdf.jpg
  • Industry Article


  • Authors: Lahsasna, Ahcene; Ismail, Ezamshah (2010-07-01)

  • As the appetite for family takaful grows, its underwriting principles and conventions are facing closer scrutiny. Mr Ezamshah Ismail and Dr Ahcene Lahsasna, both council members of the Shariah Advisory Council of the RGA Global Reinsurance Co Ltd Labuan Branch Retakaful Window, examine family takaful’s strengths, and how it can serve its core market while continuing to evolve to serve a broader constituency.

  • exploring_integrated_science.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E.; Willeboordse, Frederick H. (2010)

  • Why is rubber elastic? Why are leaves green? Why can a gecko climb a wall? Answering these and a myriad of other puzzles of nature, Exploring Integrated Science shows how the simplest questions that arise from our daily experiences can lead us through a chain of reasoning that explains some of the most fascinating principles of science. Written in a non-technical entertaining style to engage those without a science background while maintaining the academic rigor required by more advanced readers, the book follows a unique format that enhances the learning process. Each chapter begins with a pertinent question that forms the basis for explaining a scientific principle. Step by step, th...

  • Exploring_new_trends_of_waqf_in_the_Islamic_capital_market_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Beebee Salma Sairally; Marjan Muhammad (2020)

  • The financial re-engineering of old concepts is a new trend in the field of Islamic finance. It has been termed as 'New Horizon 2.0' by Shinsuke (2014) - an approach which aims to revitalize original instruments once practiced in medieval Islam to harness the potential of Islamic finance to better meet the needs of communities. It is also in line with the continuous innovative efforts of the industry to apply existing concepts, contracts, and instruments that are Shari'ah-compliant in the modern context to resolve contemporary socio-economic issues. In light of this background, this chapter examines how the age-old philanthropic concept of waqf has been integrated in the Islamic finan...

  • Exploring_portfolio_diversification_opportunities_through_venture_capital_financing_yusuf_et_al.pdf.jpg
  • Journal Article


  • Authors: Jaffar, Yusuf; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur (2018)

  • Islamic financial institutions are being pressured by critics to offer profit and loss sharing (PLS) financing such as, venture capital financing, for the purpose of entrepreneurial development aligned to the principle of equity risk sharing. Our study aims to link PLS investments with portfolio optimization opportunities for the Islamic asset managers. Using portfolio analysis with dynamic conditional correlation, Markov switching, and maximal overlap discrete wavelet transformation, our findings tend to indicate that there is indeed a portfolio optimization opportunity in investment universe for the fund managers who invested in PLS investments in the context of venture capital asse...

  • Exploring the invisible universe.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E.; Willeboordse, Frederick H. (2015)

  • Exploring the Invisible Universe covers the gamut of topics in advanced modern physics and provides extensive and well substantiated answers to these questions and many more. Discussed in a non-technical, yet also non-trivial manner, are topics dominated by invisible things - such as Black Holes and Superstrings as well as Fields, Gravitation, the Standard Model, Cosmology, Relativity, the Origin of Elements, Stars and Planetary Evolution, and more. Just giving the answer, as so many books do, is really not telling anything at all. To truly answer the "why" questions of nature, one needs to follow the chain of reasoning that scientists have used to come to the conclusions they have.

  • item.jpg
  • Journal Article


  • Authors: Alam, Md. Kausar; Ahmad, Abu Umar Faruq; Muneeza, Aishath (2020)

  • External Shari'ah Audit (ESA) is a control mechanism meant for formulating an objective view by an independent Shari'ah audit team about the obligation of Islamic banks' (IBs) management, personnel and other divisions towards Shari'ah compliance. This study principally aims to examine the relevancy of ESA and review committee in enhancing the level of Shari'ah compliance quality and accountability of IBs in Bangladesh. The study examines data from 17 respondents obtained via semistructured interviews and secondary sources in library. This study establishes that Shari'ah officers of IBs in Bangladesh are unable to perform audit functions properly which indicates the limitations of curr...

  • Factors_Influencing_Market_Penetration_of_Takaful_Industry_in_Malaysia_(1985-2008)_babikir.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2014)

  • This research provides insights into the factors influencing Takaful penetration rate of the Malaysian Takaful industry for the period 1985-2008. Its objective is to identify the factors that influence the market penetration from the perspective of Takaful participants. Data was collected through a survey and was analyzed using SPSS software. Employed techniques was Cross Tabulation & Chi-Square tests. It was found that the factors influencing Takaful penetration were age, gender, religion, marital status, education, income, awareness, product varieties, and knowledge of staff and agents of Takaful. The research findings suggest the need to increase product varieties, training of staf...

  • item.jpg
  • PhD


  • Authors: Mohamed, Omaima Eltahir Babikir (2012)

  • This research provides insights into the factors influencing takaful penetration rate of the Malaysian takaful industry from the period 1985-2008. The methodology employed consist of both the quantitative and qualitative approaches. Three research objectives have been identified. First is to investigate the factors thats influence the market penetration from the perspective of takaful participants. Second is to find the obstacles that prevent non-takaful participants from participating in the takaful industry. Third is to gain further insight from the experience of the senior managers of Takaful operators ...

  • factors_influencing_behavioral_intentions_muslim_employees_contribute_cash-waqf_through_salary_deductions_yusuf.pdf.jpg
  • Journal Article


  • Authors: Pitchay, Anwar Allah; Mydin Meera, Ahamed Kameel; Saleem, Muhammad Yusuf (2015)

  • Studies on waqf have successfully caught the attention of scholars to discuss its various aspects especially the role of waqf in the form of cash waqf in the contemporary environment. Cash waqf is increasingly gaining popularity among Malaysian Muslims, and waqf institutions are expecting more cash contributions in order to develop idle waqf lands. The Malaysian government has also given tax-exemptions for cash waqf donors to encourage more contributions. However, total collection of cash waqf is still not very large. Thus, the waqf institution requires a new mechanism of cash collections as waqf. One way for that is deduction from employment income. This study intendsto examine the ...

  • 2013_mar_5_factors_influencing_the_penetration_rate_of_malaysian_takaful_industry_from_managers_perspective_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2013-03-04)

  • The first takaful company was established in Sudan in 1979. It was no until six years laters that the first takaful company was established in Malaysia, which is Syarikat Takaful Malaysia after the promulgation of the Takaful Act in 1984. Malaysia has emerged as the largest Takaful market in South East Asia and the second largest after Saudi Arabia with a contribution of US$ 0.9 billion in 2008. (Ernst and Young World Takaful Report, 2010).

  • Factors_influencing_the_penetration_rate_of_Malaysian_takaful_industry_Omaima_Syed Othman.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2015)

  • This paper sought to find the factors influencing Takaful market penetration based on the experience of managers of Takaful operators. Twenty (20) Takaful managers were randomly selected and interviewed. The method of analysis employed is The Thematic Analysis. The interviewees pointed out the factors that deter the public from participating in Takaful could be listed as follows: the lack of public awareness in the advantages of Takaful over insurance products, the limited range of product varieties, the shortage of relevant expertise to explain Takaful products, the need to improve the distribution channels and marketing strategies. The paper also suggested several ways of improving ...

  • factors_influencing_penetration_rate_malaysian_takaful_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2013)

  • The Malaysian Takaful industry has experienced encouraging growth since its inception in 1985. Annual growth rate of the industry has been estimated to be around 20%. Despite such impressive rate of growth, it is believed that the market penetration of Takaful is still low. This paper seeks to find the factors influencing Takaful market penetration based on the experience of managers of Takaful operators. Twenty (20) Takaful managers were randomly selected and interviewed. The interviewees pointed out the factors that deter the public from participating in Takaful could be listed as follows: the lack of public awareness in the advantages of Takaful over insurance products, the limited...

  • factors_influencing_unethical_behavior_insurance_agents_shaikh.pdf.jpg
  • Journal Article


  • Authors: Haron, Hasnah; Ismail, Ishak; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • The study investigates the relationships between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. It also examines how attitudes, perceived behavioral control, subjective norm and moral obligation mediates the relationship of supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The respondents of the study comprise 246 individual insurance agents. The result of the study shows that there is a relationship between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The study found that attitude partially mediates the relationship between supervi...

  • PhD_Fair_and_equitable_risk_sharing_in_Islamic_finance_Saad_Bakkali.pdf.jpg
  • PhD


  • Authors: Bakkali, Saad (2017)

  • This dissertation begins the discussion by referring to Verse 278 of Surat al-Baqarah to distinguish it from the ribawi system. Allah swt said: "Allah has permitted al-bay' and prohibited al-riba." The findings suggest that al-bay' in this verse refers to a system. Al-bay' as a mutual exchange in which one bundle of property rights is exchanged for another allows both parties to share production and transportation. Al-bay' or exchange has surrounding rules that construct the system. The outcome of this system can claim that it is through its rules which govern just exchange, distribution ...

  • item.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • Historically speaking, the institution of waqf, a redistribution institution and a non-profit institution, played a remarkable role in developing the Islamic societies as well as in assisting the Islamic State in providing all the essential services as it; supported the health and the educational sectors, supplied the basic infrastructures, provided jobs, enhanced the commercial business activities, provided food for the hunger, sheltered the poor and the needy, besides supporting the agricultural and industrial sectors, without any cost to government. However, this role had been deteriorated since the end of the 19th century up to the present time as the governments in the different ...

  • Faraid_as_Islamic_inheritance_on_investment_adelina_shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Zuleikha, Adelina; Ramadili Mohd, Shamsher Mohamad (2017)

  • Faraid is the legal science that determines the way the estate of an adherent to Islam is to be dealt with and distributed upon his/her death. It is a fundamental part of Shariah law that deals with wealth re-distribution in a society, and it is obligatory to make a will as per this provision or to be decided by a court if the person dies without a will. This revelations-based system ensures that wealth is not hoarded in the hands of a few but distributed equitably among the members of one's family and beyond also to society with a larger view to mitigate the income inequality gap. In Islamic inheritance law, there are eight classes of heirs in accordance to their priority to inherita...

  • farewell_goldilocks_economy_obiyathulla.pdf.jpg
  • Newspaper Article


  • Authors: Bacha, Obiyathulla Ismath (2019)

  • In 2018, the global economy began with much promise. The prior year had seen fairly strong and synchronised growth across the US, Western Europe and industrialised Asia. Stock markets rose to reect this steady stable growth. The S&P 500 had one of its most consistent and strongest runs in the 10-month period leading to October 2018. The broad-based index reached its historic peak in late September. Since then, from October, both the global economy and stock markets appeared to have gone through a series of jolts. Risk and volatility appear to have returned with a vengeance. The last quarter (4Q) of 2018 was tumultuous from an economic viewpoint. Why the sudden turn of fortune? For one...

  • fatwa_shariah_methodology_Islamic_finance_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2011)

  • Fatwa plays a very significant role in Shariah by providing different resolutions and solutions to the Muslim community when it is needed to ensure the compliance with principles of Shariah and commends of God. It should be understood that fatwa is not confined to particular section in Islamic law but it covers the entire sections and subsection of Islamic law including business, finance and trade. Today, fatwa takes a different shape in Islamic finance; it is introduced and presented in the industry in the form of resolutions issued by Shariah board members who represent Shariah corporate governance body in the structure of the Islamic financial institutions. The resolution is furthe...

  • Novel_coronavirus_(Covid-19)_from_the_Islamic_perspective_implications_and_solutions_Said Bouheraoua.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua (2020)

  • This paper contributes to the discussion forum of King Abdulaziz University for Islamic Economics on the economic, social and legal implications of the coronavirus. It aims to record some observations about the main paper of the forum and provide additional discussion of the economic, social and legal implications. In addition, it proposes solutions to these repercussions based on the principles of Islamic law and its overall objectives. The paper notes that efforts to monitor and analyze these repercussions were undoubtedly significant. However, some of them were characterized by a lack of precision and a piecemeal approach. It deals with some of the proposed solutions, especially on...

Browsing by Title

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 458 to 477 of 1511
  • Exploratory _study_possibility_replacing_tawarruq_based_Islamic_banking_products_using other_alternatives_Aishath et al.pdf.jpg
  • Journal Article


  • Authors: Ahmad, Zaki; Zahir, Faathih; Usman, Ahmed Mohamud; Muneeza, Aishath; Mustapha, Zakariya (2020)

  • Tawarruq which is also known as commodity murabahah in Islamic banking is widely practiced in Malaysia to structure different types of Islamic banking products. The widespread use of tawarruq has made Islamic banks to be re-named as "tawarruq banks" and some even call tawarruq as the "magic lamp" of the industry. Shariah scholars have criticised this frequent usage of tawarruq in Islamic banking industry of Malaysia, while the practitioners have replied by saying that if tawarruq is a shariah approved concept, then what is wrong with the usage of it? However, from the shariah perspective, the issue here is not about the shariah compliance of tawarruq transactions per se. It is about t...

  • exploring_family_takafuls_evolving_landscape_ezamshah_lahsasna_july_2010.pdf.jpg
  • Industry Article


  • Authors: Lahsasna, Ahcene; Ismail, Ezamshah (2010-07-01)

  • As the appetite for family takaful grows, its underwriting principles and conventions are facing closer scrutiny. Mr Ezamshah Ismail and Dr Ahcene Lahsasna, both council members of the Shariah Advisory Council of the RGA Global Reinsurance Co Ltd Labuan Branch Retakaful Window, examine family takaful’s strengths, and how it can serve its core market while continuing to evolve to serve a broader constituency.

  • exploring_integrated_science.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E.; Willeboordse, Frederick H. (2010)

  • Why is rubber elastic? Why are leaves green? Why can a gecko climb a wall? Answering these and a myriad of other puzzles of nature, Exploring Integrated Science shows how the simplest questions that arise from our daily experiences can lead us through a chain of reasoning that explains some of the most fascinating principles of science. Written in a non-technical entertaining style to engage those without a science background while maintaining the academic rigor required by more advanced readers, the book follows a unique format that enhances the learning process. Each chapter begins with a pertinent question that forms the basis for explaining a scientific principle. Step by step, th...

  • Exploring_new_trends_of_waqf_in_the_Islamic_capital_market_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Beebee Salma Sairally; Marjan Muhammad (2020)

  • The financial re-engineering of old concepts is a new trend in the field of Islamic finance. It has been termed as 'New Horizon 2.0' by Shinsuke (2014) - an approach which aims to revitalize original instruments once practiced in medieval Islam to harness the potential of Islamic finance to better meet the needs of communities. It is also in line with the continuous innovative efforts of the industry to apply existing concepts, contracts, and instruments that are Shari'ah-compliant in the modern context to resolve contemporary socio-economic issues. In light of this background, this chapter examines how the age-old philanthropic concept of waqf has been integrated in the Islamic finan...

  • Exploring_portfolio_diversification_opportunities_through_venture_capital_financing_yusuf_et_al.pdf.jpg
  • Journal Article


  • Authors: Jaffar, Yusuf; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur (2018)

  • Islamic financial institutions are being pressured by critics to offer profit and loss sharing (PLS) financing such as, venture capital financing, for the purpose of entrepreneurial development aligned to the principle of equity risk sharing. Our study aims to link PLS investments with portfolio optimization opportunities for the Islamic asset managers. Using portfolio analysis with dynamic conditional correlation, Markov switching, and maximal overlap discrete wavelet transformation, our findings tend to indicate that there is indeed a portfolio optimization opportunity in investment universe for the fund managers who invested in PLS investments in the context of venture capital asse...

  • Exploring the invisible universe.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E.; Willeboordse, Frederick H. (2015)

  • Exploring the Invisible Universe covers the gamut of topics in advanced modern physics and provides extensive and well substantiated answers to these questions and many more. Discussed in a non-technical, yet also non-trivial manner, are topics dominated by invisible things - such as Black Holes and Superstrings as well as Fields, Gravitation, the Standard Model, Cosmology, Relativity, the Origin of Elements, Stars and Planetary Evolution, and more. Just giving the answer, as so many books do, is really not telling anything at all. To truly answer the "why" questions of nature, one needs to follow the chain of reasoning that scientists have used to come to the conclusions they have.

  • item.jpg
  • Journal Article


  • Authors: Alam, Md. Kausar; Ahmad, Abu Umar Faruq; Muneeza, Aishath (2020)

  • External Shari'ah Audit (ESA) is a control mechanism meant for formulating an objective view by an independent Shari'ah audit team about the obligation of Islamic banks' (IBs) management, personnel and other divisions towards Shari'ah compliance. This study principally aims to examine the relevancy of ESA and review committee in enhancing the level of Shari'ah compliance quality and accountability of IBs in Bangladesh. The study examines data from 17 respondents obtained via semistructured interviews and secondary sources in library. This study establishes that Shari'ah officers of IBs in Bangladesh are unable to perform audit functions properly which indicates the limitations of curr...

  • Factors_Influencing_Market_Penetration_of_Takaful_Industry_in_Malaysia_(1985-2008)_babikir.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2014)

  • This research provides insights into the factors influencing Takaful penetration rate of the Malaysian Takaful industry for the period 1985-2008. Its objective is to identify the factors that influence the market penetration from the perspective of Takaful participants. Data was collected through a survey and was analyzed using SPSS software. Employed techniques was Cross Tabulation & Chi-Square tests. It was found that the factors influencing Takaful penetration were age, gender, religion, marital status, education, income, awareness, product varieties, and knowledge of staff and agents of Takaful. The research findings suggest the need to increase product varieties, training of staf...

  • item.jpg
  • PhD


  • Authors: Mohamed, Omaima Eltahir Babikir (2012)

  • This research provides insights into the factors influencing takaful penetration rate of the Malaysian takaful industry from the period 1985-2008. The methodology employed consist of both the quantitative and qualitative approaches. Three research objectives have been identified. First is to investigate the factors thats influence the market penetration from the perspective of takaful participants. Second is to find the obstacles that prevent non-takaful participants from participating in the takaful industry. Third is to gain further insight from the experience of the senior managers of Takaful operators ...

  • factors_influencing_behavioral_intentions_muslim_employees_contribute_cash-waqf_through_salary_deductions_yusuf.pdf.jpg
  • Journal Article


  • Authors: Pitchay, Anwar Allah; Mydin Meera, Ahamed Kameel; Saleem, Muhammad Yusuf (2015)

  • Studies on waqf have successfully caught the attention of scholars to discuss its various aspects especially the role of waqf in the form of cash waqf in the contemporary environment. Cash waqf is increasingly gaining popularity among Malaysian Muslims, and waqf institutions are expecting more cash contributions in order to develop idle waqf lands. The Malaysian government has also given tax-exemptions for cash waqf donors to encourage more contributions. However, total collection of cash waqf is still not very large. Thus, the waqf institution requires a new mechanism of cash collections as waqf. One way for that is deduction from employment income. This study intendsto examine the ...

  • 2013_mar_5_factors_influencing_the_penetration_rate_of_malaysian_takaful_industry_from_managers_perspective_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2013-03-04)

  • The first takaful company was established in Sudan in 1979. It was no until six years laters that the first takaful company was established in Malaysia, which is Syarikat Takaful Malaysia after the promulgation of the Takaful Act in 1984. Malaysia has emerged as the largest Takaful market in South East Asia and the second largest after Saudi Arabia with a contribution of US$ 0.9 billion in 2008. (Ernst and Young World Takaful Report, 2010).

  • Factors_influencing_the_penetration_rate_of_Malaysian_takaful_industry_Omaima_Syed Othman.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2015)

  • This paper sought to find the factors influencing Takaful market penetration based on the experience of managers of Takaful operators. Twenty (20) Takaful managers were randomly selected and interviewed. The method of analysis employed is The Thematic Analysis. The interviewees pointed out the factors that deter the public from participating in Takaful could be listed as follows: the lack of public awareness in the advantages of Takaful over insurance products, the limited range of product varieties, the shortage of relevant expertise to explain Takaful products, the need to improve the distribution channels and marketing strategies. The paper also suggested several ways of improving ...

  • factors_influencing_penetration_rate_malaysian_takaful_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Mohamed, Omaima Eltahir Babikir; Alhabshi, Syed Othman; Sharif, Kamaruddin (2013)

  • The Malaysian Takaful industry has experienced encouraging growth since its inception in 1985. Annual growth rate of the industry has been estimated to be around 20%. Despite such impressive rate of growth, it is believed that the market penetration of Takaful is still low. This paper seeks to find the factors influencing Takaful market penetration based on the experience of managers of Takaful operators. Twenty (20) Takaful managers were randomly selected and interviewed. The interviewees pointed out the factors that deter the public from participating in Takaful could be listed as follows: the lack of public awareness in the advantages of Takaful over insurance products, the limited...

  • factors_influencing_unethical_behavior_insurance_agents_shaikh.pdf.jpg
  • Journal Article


  • Authors: Haron, Hasnah; Ismail, Ishak; Shaikh Abdul Razak, Shaikh Hamzah (2011)

  • The study investigates the relationships between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. It also examines how attitudes, perceived behavioral control, subjective norm and moral obligation mediates the relationship of supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The respondents of the study comprise 246 individual insurance agents. The result of the study shows that there is a relationship between supervisory influence, role ambiguity and sales target on intention to perform unethical behavior. The study found that attitude partially mediates the relationship between supervi...

  • PhD_Fair_and_equitable_risk_sharing_in_Islamic_finance_Saad_Bakkali.pdf.jpg
  • PhD


  • Authors: Bakkali, Saad (2017)

  • This dissertation begins the discussion by referring to Verse 278 of Surat al-Baqarah to distinguish it from the ribawi system. Allah swt said: "Allah has permitted al-bay' and prohibited al-riba." The findings suggest that al-bay' in this verse refers to a system. Al-bay' as a mutual exchange in which one bundle of property rights is exchanged for another allows both parties to share production and transportation. Al-bay' or exchange has surrounding rules that construct the system. The outcome of this system can claim that it is through its rules which govern just exchange, distribution ...

  • item.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2009)

  • Historically speaking, the institution of waqf, a redistribution institution and a non-profit institution, played a remarkable role in developing the Islamic societies as well as in assisting the Islamic State in providing all the essential services as it; supported the health and the educational sectors, supplied the basic infrastructures, provided jobs, enhanced the commercial business activities, provided food for the hunger, sheltered the poor and the needy, besides supporting the agricultural and industrial sectors, without any cost to government. However, this role had been deteriorated since the end of the 19th century up to the present time as the governments in the different ...

  • Faraid_as_Islamic_inheritance_on_investment_adelina_shamsher.jpg.jpg
  • Chapter in Book


  • Authors: Zuleikha, Adelina; Ramadili Mohd, Shamsher Mohamad (2017)

  • Faraid is the legal science that determines the way the estate of an adherent to Islam is to be dealt with and distributed upon his/her death. It is a fundamental part of Shariah law that deals with wealth re-distribution in a society, and it is obligatory to make a will as per this provision or to be decided by a court if the person dies without a will. This revelations-based system ensures that wealth is not hoarded in the hands of a few but distributed equitably among the members of one's family and beyond also to society with a larger view to mitigate the income inequality gap. In Islamic inheritance law, there are eight classes of heirs in accordance to their priority to inherita...

  • farewell_goldilocks_economy_obiyathulla.pdf.jpg
  • Newspaper Article


  • Authors: Bacha, Obiyathulla Ismath (2019)

  • In 2018, the global economy began with much promise. The prior year had seen fairly strong and synchronised growth across the US, Western Europe and industrialised Asia. Stock markets rose to reect this steady stable growth. The S&P 500 had one of its most consistent and strongest runs in the 10-month period leading to October 2018. The broad-based index reached its historic peak in late September. Since then, from October, both the global economy and stock markets appeared to have gone through a series of jolts. Risk and volatility appear to have returned with a vengeance. The last quarter (4Q) of 2018 was tumultuous from an economic viewpoint. Why the sudden turn of fortune? For one...

  • fatwa_shariah_methodology_Islamic_finance_ahcene.pdf.jpg
  • Journal Article


  • Authors: Lahsasna, Ahcene (2011)

  • Fatwa plays a very significant role in Shariah by providing different resolutions and solutions to the Muslim community when it is needed to ensure the compliance with principles of Shariah and commends of God. It should be understood that fatwa is not confined to particular section in Islamic law but it covers the entire sections and subsection of Islamic law including business, finance and trade. Today, fatwa takes a different shape in Islamic finance; it is introduced and presented in the industry in the form of resolutions issued by Shariah board members who represent Shariah corporate governance body in the structure of the Islamic financial institutions. The resolution is furthe...

  • Novel_coronavirus_(Covid-19)_from_the_Islamic_perspective_implications_and_solutions_Said Bouheraoua.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua (2020)

  • This paper contributes to the discussion forum of King Abdulaziz University for Islamic Economics on the economic, social and legal implications of the coronavirus. It aims to record some observations about the main paper of the forum and provide additional discussion of the economic, social and legal implications. In addition, it proposes solutions to these repercussions based on the principles of Islamic law and its overall objectives. The paper notes that efforts to monitor and analyze these repercussions were undoubtedly significant. However, some of them were characterized by a lack of precision and a piecemeal approach. It deals with some of the proposed solutions, especially on...