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Showing results 1309 to 1328 of 1635
  • sacralising_finance_risk-sharing_Islamic_finance_Abbas_Adam_Ginanjar_Baharom.pdf.jpg
  • Keynote & Speech


  • Authors: Abbas Mirakhor; Ng Adam Boon Ka; Ginanjar Dewandaru; Baharom Abdul Hamid (2017)

  • Finance can be thought of as an engine of transformation and intermediation that bridges gaps between financial surplus and deficit units, between now and the future and between certainty of now and uncertainty of the future. It transforms value through maturity and risk transformation. This crucial function can be considered the reason for existence of finance. It creates incentives for surplus units to postpone the certainty of their financial resources now to the uncertainty of, presumably, higher amount of these resources in the future. It also encourages the deficit units to bring the future uncertain plans forward to the more certain present. Both units take risks. In other word...

  • item.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Aishath Muneeza (2022)

  • This study aims to examine the impact of information overload (referred to as the saddling effect in this study) of underlying contracts on the sales performance of the salesforce at takaful institutions with special reference to addressing the heterogeneous effect among distribution channels. A total of 311 samples were collected from the sales professionals of the takaful industry in Malaysia using a purposive sampling technique and the empirical analysis was conducted with the measures of model fit and bootstrapping technique using partial least square structural equation modeling and multi-group analysis. Empirical results indicate that the saddling effect of the underlying contra...

  • 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.

  • scrutinizing_role_corporate_waqf_turkey_india_malaysia_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015-06-26)

  • The institution of waqf is a historical vehicle to get closer to Allah (swt) on one hand and to offer societies’ requirements on the other. Through its immovable form the institution of waqf find its way in providing many goods and services such as buildings; mosques for prayer, residential housing for sheltering families, hospitals for taking care of the health of the people, schools and universities for educating students, agricultural lands for feeding the mass, factories for providing final products, constructing highways to facilitate travelling, besides, opening jobs for the mass without any cost to the government. Even though, the last century witness its destruction in almost ...

  • Seeking specific relief in cases of Islamic banking in Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Aishath Muneeza (2018)

  • Often, the application of specific relief to Islamic banking is unspoken and unwritten. However, few studies suggest that legislation on specific relief needs amendment to cater for the effective application of Islamic banking and finance in the country and proposing the idea to introduce an Islamic Specific Relief Act. This paper aims to understand the application of specific relief to Islamic banking in Malaysia. This paper will look at the application of specific relief in Malaysia and discuss the extent of its application to Islamic banking cases reported in Malaysia from 1983 to 2015. The study will shed light on the general types of specific relief from Malaysian and Islamic law...

  • selected_studies_in_accounting.pdf.jpg
  • Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman; Muhamad Sori, Zulkarnain (2015)

  • This book incorporates selected empirical studies in accounting and finance. All studies were conducted in Malaysia content except one based on Egyptian data. We presented a total of nine chapters. One introductory chapter is followed by one chapter on issues related to auditing. Furthermore, we have two chapters on taxation, a chapter on accounting education and corporate governance respectively, and three chapters on finance. It is hoped that the book is of great value to readers for its meaningful contribution to progress in knowledge, policy making and practice.

  • selected_studies_in_accounting_and_finance_overview.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman (2015)

  • This book contains a compilation of studies on selected issues in accounting and finance. These studies are conducted in Malaysian context except one study based in Egypt. The studies cover significant topics in auditing, taxation, accounting education, corporate governance and finance.

  • service_based_contracts_used_islamic_finance_comparison_hawalah_wakalah_kafalah_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Suhaimi, Maryam Sofia; Md Fauzi, Maryam Syamilah; Noryatim, Nadiana; Mohd Noh, Norashikin; Shuhaimin, Nursyamimi; Jaafar, Qurratulain; Maulan, Siti Maspuah; Johan, Zati Fatini; Muneeza, Aishath (2016)

  • This paper aims to examine the use of service based contracts in Islamic Finance, namely Wakalah, Hawalah and Kafalah. These contracts, though considered secondary to primary contracts such as Musharakah and Mudarabah, are a crucial part of the foundation of Islamic Finance. The differences in each contract will be explained as well as issues on regulations, practices and procedures. Despite the fact that these concepts are widely adopted in Islamic financial products and services, little work has been done in examining the differences and applications in financial institutions. In this paper, the basic principles and rules of service based contracts will be discussed with special ref...

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • SH1002_shariah aspects in business and finance.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2010)

  • This aim of this book is to provide the students a sound foundation in Islamic jurisprudence, Shariah audit and compliance coupled with a comprehensive knowledge on the theory of contracts in Islamic commercial. The module consists of three major parts which are Islamic jurisprudence, Shariah audit, and theory of Islamic contract.

  • SH1003_shariah rules in financial transactions.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016-09-29T05:53:48Z)

  • This aim of this book is to make understanding: the framework of products based on various Syari'ah principles and their classifications; the way Islamic banking utilities various Islamic principles in structuring Islamic banking products; various principles of sale contracts in Islamic law and how they are applied to modern Islamic banks.

  • shadow_economy_and_financial_sector_development_in_Malaysia_muzafar_badariah_yusof_baharom.pdf.jpg
  • Journal Article


  • Authors: Muzafar Shah Habibullah; Badariah H. Din; Mohd Yusof Saari; Baharom Abdul Hamid (2016)

  • This paper explores the link between the shadow economy and financial sector development in Malaysia for the period 1971-2013. We calculate the size of the shadow economy by using the modified-cash-deposits-ratio approach recently developed by Pickhardt and Sardia (2011). We investigate the contention made by Blackburn et al. (2012) that financial sector development can mitigate shadow economy, higher level of financial sector development lead to lower level of shadow economy. Our results show that there is a non-linear long-run relationship between shadow economy and financial sector development in Malaysia, an inverted-U shape curve, suggesting that at lower (higher) level of financ...

  • 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...

  • item.jpg
  • Master


  • Authors: Migdad, Ridwan Alabi (2015)

  • Majority of Shari'ah scholars maintained the opinion that conventional insurance is not permissible in Shari'ah due to the elements of gharar "uncertainty", maysir "gambling" and riba "usury" that was found on it. This necessitated the establishment of takaful "Islamic Insurance" in the late 1970s, but this also did not go without criticisms as there are different opinions among Islamic scholars and also legal and regulatory practitioners on the permissibility of surplus sharing and takaful models that has been adopted by takaful operators ...

  • Shariah_Legal_Issues_Musharakah_Mutanaqisah_adam.pdf.jpg
  • Industry Article


  • Authors: Ng, Adam Boon Ka (2009)

  • Deemed as a better alternative to bay bithaman ajil (BBA - sale of goods on a deferred payment basis) a study on the issues of musharakah mutanaqisah (MM) is timely for a more equity-oriented and Islamic universal banking philosophy. Some may view diversification of product space to fulfil the expectation of Shari'ah compliance as driving factors behind the offering of MM. However, one seldom comes across roses without thorns. And, the worrisome thorn in the side of Islamic finance is the limited use of MM, notwithstanding its appeal as a Shari'ah-based innovation.

  • The_Shari'ah_basis_for_imposition_fees_charges_Islamic_banking_products_services_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Abdul Khir, Mohamed Fairooz (2015)

  • This research is essentially intended to explore relevant Shari'ah principles that may underlie imposition of fees and charges in various lslamic banking products and services (IBPS). It also aims at constructing a Shari'ah parameter for imposition of fees and charges in IBPS. This is a library research in which data has been collected from various materials such as classical fiqh books, regulators' policy guidelines and journal articles. In addition, deductive and inductive rnethods have also been employed to analyze the data critically in search for conclusive findings. The expected outcomes of this research may be in the form of a Shari'ah-compliant guide for practitioners and indu...

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • Shariah committee independence has been highlighted by the Shariah Governance Framework as an important credential for an effective functioning of Shariah committees. This study examined Shariah committee independence of local IFIs as perceived by the shariah committee members of the IFIs. The results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • Shariah_contracts_underpinning_musharakah_mutanaqisah_financing_conceptual_analysis_Said_Shahril.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mohd Shahril Mat Rani (2016)

  • This paper examines the Shari'ah contracts applicable in musharakah mutanaqisah financing (MMF) (diminishing partnership) and possible Shari'ah issues arising from the combination of different Shari'ah contracts to effect the financing. The paper employs the qualitative research method, using textual and document analysis. It finds that the fiqh characterization of MMF by the International Islamic Fiqh Academy of the Organisation of Islamic Cooperation (IFA-OIC), which is also found in the Bank Negara Malaysia (BNM) Shariah Standard on Musyarakah, is the best contemporary approach, but it needs to be explicated. This paper identifies two major phases of MMF that are essential to attai...

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 1309 to 1328 of 1635
  • sacralising_finance_risk-sharing_Islamic_finance_Abbas_Adam_Ginanjar_Baharom.pdf.jpg
  • Keynote & Speech


  • Authors: Abbas Mirakhor; Ng Adam Boon Ka; Ginanjar Dewandaru; Baharom Abdul Hamid (2017)

  • Finance can be thought of as an engine of transformation and intermediation that bridges gaps between financial surplus and deficit units, between now and the future and between certainty of now and uncertainty of the future. It transforms value through maturity and risk transformation. This crucial function can be considered the reason for existence of finance. It creates incentives for surplus units to postpone the certainty of their financial resources now to the uncertainty of, presumably, higher amount of these resources in the future. It also encourages the deficit units to bring the future uncertain plans forward to the more certain present. Both units take risks. In other word...

  • item.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Aishath Muneeza (2022)

  • This study aims to examine the impact of information overload (referred to as the saddling effect in this study) of underlying contracts on the sales performance of the salesforce at takaful institutions with special reference to addressing the heterogeneous effect among distribution channels. A total of 311 samples were collected from the sales professionals of the takaful industry in Malaysia using a purposive sampling technique and the empirical analysis was conducted with the measures of model fit and bootstrapping technique using partial least square structural equation modeling and multi-group analysis. Empirical results indicate that the saddling effect of the underlying contra...

  • 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.

  • scrutinizing_role_corporate_waqf_turkey_india_malaysia_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015-06-26)

  • The institution of waqf is a historical vehicle to get closer to Allah (swt) on one hand and to offer societies’ requirements on the other. Through its immovable form the institution of waqf find its way in providing many goods and services such as buildings; mosques for prayer, residential housing for sheltering families, hospitals for taking care of the health of the people, schools and universities for educating students, agricultural lands for feeding the mass, factories for providing final products, constructing highways to facilitate travelling, besides, opening jobs for the mass without any cost to the government. Even though, the last century witness its destruction in almost ...

  • Seeking specific relief in cases of Islamic banking in Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Aishath Muneeza (2018)

  • Often, the application of specific relief to Islamic banking is unspoken and unwritten. However, few studies suggest that legislation on specific relief needs amendment to cater for the effective application of Islamic banking and finance in the country and proposing the idea to introduce an Islamic Specific Relief Act. This paper aims to understand the application of specific relief to Islamic banking in Malaysia. This paper will look at the application of specific relief in Malaysia and discuss the extent of its application to Islamic banking cases reported in Malaysia from 1983 to 2015. The study will shed light on the general types of specific relief from Malaysian and Islamic law...

  • selected_studies_in_accounting.pdf.jpg
  • Book


  • Authors: Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman; Muhamad Sori, Zulkarnain (2015)

  • This book incorporates selected empirical studies in accounting and finance. All studies were conducted in Malaysia content except one based on Egyptian data. We presented a total of nine chapters. One introductory chapter is followed by one chapter on issues related to auditing. Furthermore, we have two chapters on taxation, a chapter on accounting education and corporate governance respectively, and three chapters on finance. It is hoped that the book is of great value to readers for its meaningful contribution to progress in knowledge, policy making and practice.

  • selected_studies_in_accounting_and_finance_overview.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Osman, Mohammad Noor Hisham; Turmin, Siti Zaidah; Abdul Latiff, Ahmed Razman (2015)

  • This book contains a compilation of studies on selected issues in accounting and finance. These studies are conducted in Malaysian context except one study based in Egypt. The studies cover significant topics in auditing, taxation, accounting education, corporate governance and finance.

  • service_based_contracts_used_islamic_finance_comparison_hawalah_wakalah_kafalah_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Suhaimi, Maryam Sofia; Md Fauzi, Maryam Syamilah; Noryatim, Nadiana; Mohd Noh, Norashikin; Shuhaimin, Nursyamimi; Jaafar, Qurratulain; Maulan, Siti Maspuah; Johan, Zati Fatini; Muneeza, Aishath (2016)

  • This paper aims to examine the use of service based contracts in Islamic Finance, namely Wakalah, Hawalah and Kafalah. These contracts, though considered secondary to primary contracts such as Musharakah and Mudarabah, are a crucial part of the foundation of Islamic Finance. The differences in each contract will be explained as well as issues on regulations, practices and procedures. Despite the fact that these concepts are widely adopted in Islamic financial products and services, little work has been done in examining the differences and applications in financial institutions. In this paper, the basic principles and rules of service based contracts will be discussed with special ref...

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • SH1002_shariah aspects in business and finance.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2010)

  • This aim of this book is to provide the students a sound foundation in Islamic jurisprudence, Shariah audit and compliance coupled with a comprehensive knowledge on the theory of contracts in Islamic commercial. The module consists of three major parts which are Islamic jurisprudence, Shariah audit, and theory of Islamic contract.

  • SH1003_shariah rules in financial transactions.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016-09-29T05:53:48Z)

  • This aim of this book is to make understanding: the framework of products based on various Syari'ah principles and their classifications; the way Islamic banking utilities various Islamic principles in structuring Islamic banking products; various principles of sale contracts in Islamic law and how they are applied to modern Islamic banks.

  • shadow_economy_and_financial_sector_development_in_Malaysia_muzafar_badariah_yusof_baharom.pdf.jpg
  • Journal Article


  • Authors: Muzafar Shah Habibullah; Badariah H. Din; Mohd Yusof Saari; Baharom Abdul Hamid (2016)

  • This paper explores the link between the shadow economy and financial sector development in Malaysia for the period 1971-2013. We calculate the size of the shadow economy by using the modified-cash-deposits-ratio approach recently developed by Pickhardt and Sardia (2011). We investigate the contention made by Blackburn et al. (2012) that financial sector development can mitigate shadow economy, higher level of financial sector development lead to lower level of shadow economy. Our results show that there is a non-linear long-run relationship between shadow economy and financial sector development in Malaysia, an inverted-U shape curve, suggesting that at lower (higher) level of financ...

  • 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...

  • item.jpg
  • Master


  • Authors: Migdad, Ridwan Alabi (2015)

  • Majority of Shari'ah scholars maintained the opinion that conventional insurance is not permissible in Shari'ah due to the elements of gharar "uncertainty", maysir "gambling" and riba "usury" that was found on it. This necessitated the establishment of takaful "Islamic Insurance" in the late 1970s, but this also did not go without criticisms as there are different opinions among Islamic scholars and also legal and regulatory practitioners on the permissibility of surplus sharing and takaful models that has been adopted by takaful operators ...

  • Shariah_Legal_Issues_Musharakah_Mutanaqisah_adam.pdf.jpg
  • Industry Article


  • Authors: Ng, Adam Boon Ka (2009)

  • Deemed as a better alternative to bay bithaman ajil (BBA - sale of goods on a deferred payment basis) a study on the issues of musharakah mutanaqisah (MM) is timely for a more equity-oriented and Islamic universal banking philosophy. Some may view diversification of product space to fulfil the expectation of Shari'ah compliance as driving factors behind the offering of MM. However, one seldom comes across roses without thorns. And, the worrisome thorn in the side of Islamic finance is the limited use of MM, notwithstanding its appeal as a Shari'ah-based innovation.

  • The_Shari'ah_basis_for_imposition_fees_charges_Islamic_banking_products_services_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Abdul Khir, Mohamed Fairooz (2015)

  • This research is essentially intended to explore relevant Shari'ah principles that may underlie imposition of fees and charges in various lslamic banking products and services (IBPS). It also aims at constructing a Shari'ah parameter for imposition of fees and charges in IBPS. This is a library research in which data has been collected from various materials such as classical fiqh books, regulators' policy guidelines and journal articles. In addition, deductive and inductive rnethods have also been employed to analyze the data critically in search for conclusive findings. The expected outcomes of this research may be in the form of a Shari'ah-compliant guide for practitioners and indu...

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • Shariah committee independence has been highlighted by the Shariah Governance Framework as an important credential for an effective functioning of Shariah committees. This study examined Shariah committee independence of local IFIs as perceived by the shariah committee members of the IFIs. The results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • Shariah_contracts_underpinning_musharakah_mutanaqisah_financing_conceptual_analysis_Said_Shahril.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mohd Shahril Mat Rani (2016)

  • This paper examines the Shari'ah contracts applicable in musharakah mutanaqisah financing (MMF) (diminishing partnership) and possible Shari'ah issues arising from the combination of different Shari'ah contracts to effect the financing. The paper employs the qualitative research method, using textual and document analysis. It finds that the fiqh characterization of MMF by the International Islamic Fiqh Academy of the Organisation of Islamic Cooperation (IFA-OIC), which is also found in the Bank Negara Malaysia (BNM) Shariah Standard on Musyarakah, is the best contemporary approach, but it needs to be explicated. This paper identifies two major phases of MMF that are essential to attai...