Chapter in Book : [218]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 218
  • Blockdentity_a_future_beyond_digital_identity_Ziyaad.pdf.jpg
  • Chapter in Book


  • Authors: Ishaq Mustapha Akinlaso; Ibrahim Opeyemi Adediran; Abdoulaye Kindy Diallo; Ziyaad Mahomed (2019)

  • The last trillion-dollar industry was built on a code of 1s and 0s and the next will be built on genetic codes. Well, who knows? It's no longer unthinkable. Traditional economics had maintained that factors of production comprised of land, labour and capital. While that may still be true, it is only valid in certains ways, today; just as was the case once upon a time, when land was the raw material for the agricultural age. It only lasted for a period before the inevitable change, and iron became the new raw material for the next age the industrial age. Today, we live in the information age, where technology has taken charge and data is its raw material. More specifically, identity da...

  • Saudi Arabia_Marjan et al.jpg.jpg
  • Chapter in Book


  • Authors: Ashraf Gomma Ali; Marjan Muhammad; Beebee Salma Sairally; Safiudin Ahmad Fuad (2020)

  • Saudi Arabia is one of the largest Islamic finance markets in the world and therefore holds a position of special importance in the study of Islamic finance as well as in the study of shari'ah governance in Islamic financial institutions (IFIs). Saudi Arabia is the largest Islamic banking market in the Gulf Cooperation Council (GCC) by market share; its Islamic banking assets accounted for 51.5 per cent of the domestic banking sector as at 2Q2017. Globally, Saudi Arabia ranked second after Iran among twelve jurisdictions where Islamic banking is systematically important. It accounted for 20.4 per cent of global Islamic banking assets in 2017 as compared to Iran, which accounted for 34...

  • Islamic_finance_and_inclusive_growth_Mansor.pdf.jpg
  • Chapter in Book


  • Authors: Mansor H. Ibrahim (2022)

  • The emergence of Islamic finance in the global financial scene has attracted much scholarly interest, leading to a plethora of studies examining the roles of Islamic finance in the economy. Generally, studies on Islamic finance focus on four areas - Islamic banking, Islamic capital markets, takaful and other Islamic finance. Among these, Islamic banking has received the most attention, with the primary focus on comparing Islamic with conventional banking based on performance. Studies in Islamic capital markets have centred on issues related to the performance and benefits of investment in Shari'ah-compliant shares and sukuk (Islamic bonds). Most recently, some attention has also been ...

  • Audit_committees_from_the_legal_perspective_the_case_of_Malaysia_Zulkarnain_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd (2008)

  • Good corporate governance practices are a trademark of developed capital markets. Stringent regulation of capital markets is not a consistent way to mitigate financial mishaps in developed market environment. Malaysian government has adopted a market deregulation approach, and delegated the responsibilities of ensuring a fair and proper functioning of financial institutions to the Securities Commission. The commission is required to issue listing requirements for public and listed companies to establish audit committees. This paper discusses the Malaysian audit committees' duties from the legal perspective. The discussion covers audit committee's fiduciary duties, duty to be diligent,...

  • Waqf_development_in_Malaysia_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Sharifah Zubaidah Syed Abdul-Kader; Fares Djafri (2022)

  • The practice of waqf has existed in Malaysia since the coming of Islam to the Malay Archipelago in the 9th century (CE) (Arnold, 1913). The early awqaf properties were in the form of prayer rooms (surau), mosques, cemeteries and subsequently, madrasahs (Dahlan & Kamarudin, 2006). Mahamood divides the history of waqf in Malaysia into three phases, namely, pre-colonial Malaya, colonial Malaya and postindependence Malaya (Mahamood, 2006) but notes that there has not been much research done on the pre-colonial period in order to confirm the first awqaf properties in Malaya. Based on the premise that the earliest awqaf created were in the form of mosques, the earliest official mosque is sa...

  • Role_of_zakat_in_responding_to_COVID-19_pandemic_Magda Ismail.pdf.jpg
  • Chapter in Book


  • Authors: Randi Swandaru; Magda Ismail Abdel Mohsin (2022)

  • COVID-19 pandemic has impacted global human lives, killing millions and attacking the real economy to its core. United Nations has called for global solidarity to overcome this unprecedented disaster. Having said that, zakat has been utilized to respond to this ongoing suffering in Muslim countries. This chapter explore zakat utilization for COVID-19 under the shariah perspective and discuss the role of zakat to respond to the pandemic in Muslim countries. A qualitative methodology including conceptual and content analysis is applied to conduct this study. The findings show that most sharia scholars agreed to utilize zakat for the COVID-19 pandemic and endorse advance zakat payment. M...

  • item.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed (2022)

  • 'Stans' is an ancient Persian word meaning land, country or nation. This chapter begins with a review of the historical basis of zakat management in Islamic practice and provides a brief historical account and status of zakat practices in select countries in Central Asia. The section thereafter focuses on benchmark international zakat management models before providing recommendations for the development of an effective zakat management model within Central Asia. The economic shocks resulting from the pandemic have forced many in the region into situational poverty. If left unchecked, this may easily regress into chronic poverty, undoing the significant growth that these countries hav...

  • New_frontiers_for_cash_waqf_models_for_socio_economic_development_Magda Ismail.pdf.jpg
  • Chapter in Book


  • Authors: Magda Ismail Abdel Mohsin (2022)

  • Waqf is a charitable financial instrument established by withholding immovable and movable properties to perpetually spend its revenue on fulfilling various socio-economic needs, depending on the founder's terms and conditions. Once the property is created as waqf, it can never be given as a gift, inherited or sold. It belongs to Allah (SWT), and the waqf property always remains intact. Only its generated revenue is channeled to the specified need. There are two motives behind the creation of waqf for the founder. The first is to attain righteousness as clearly stated in the following verse from the Qur'an: "By no means shall ye attain righteousness unless ye give (freely) of that whi...

  • The_need_to_digitize_sukuk_issuance_amid_Covid-19_crisis_Aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: Sherin Kunhibava; Zakariya Mustapha; Aishath Muneeza; Auwal Adam Sa'ad; Mohammad Ershadul Karim (2022)

  • Covid-19 pandemic was a health crisis that plunged the world into economic turmoil due to its resultant national lockdowns across economies which brought business and market activities to a standstill. In order to adapt to ensuing restrictions owing to the pandemic, forge ahead in a new way of living, work and interactions with one another (new normal), digitizing business and market operations is considered a necessary option. Sukuk is an essential Islamic capital market product whose operations involve multiple parties/intermediaries alongside some technical financial, administrative and legal/shariah processes. On this note, this chapter aims to study and examine the need for digit...

  • Internationalization_of_zakat_to_serve_humanity_in_the_midst_of_Covid-19_Jemilah_Kabir_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: Jemilah Mahmood; M. Kabir Hassan; Aishath Muneeza (2022)

  • Zakat is an effective Islamic social financial tool that could be used to eliminate global poverty. The pandemic has turned back the world's poverty clock and as such, more work is required to bring equitable and shared prosperity to the world. International organizations that serve humanity could be used as intermediaries of zakat to reach out to those categories of legal recipients of zakat who are most deserved of such assistance, but who are unidentified and unreachable by the zakat organizations. This is with the ultimate objective of enhancing the effectivity of zakat as a social finance tool. However, using international organizations as zakat intermediaries is not a straightfo...

  • OIC_economies_during_the_Covid-19_implications_and_recommendations_Kabir_Saeed_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Saeed Awadh Bin-Nashwan; Aishath Muneeza (2022)

  • COVID-19 is a pandemic that is a black swan event that has disrupted the economic activities in the whole world. Organization for Islamic Cooperation (OIC) is the second largest international organization that unites Muslims to collectively protect their interest by having a global platform to voice out their concerns. This is an exploratory research of which the objective is to understand the implication of this pandemic on OIC countries to suggest ways in which pandemic related economic challenges facing these countries could be resolved. This research identifies four key economic challenges faced by the OIC countries: challenges in adapting to new normal in in re-starting the econo...

  • The_impact_of_the_Covid-19_pandemic_on_Islamic_finance_Kabir_Aishath_Adel.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • This chapter explores the impact of the pandemic on Islamic commercial finance and Islamic social finance in a comprehensive manner. The chapter reveals that COVID-19 has provided more opportunities to Islamic social finance than Islamic commercial finance. The beauty of Islamic finance in this regard is reflected as the perception that Islamic finance does not achieve its objective as being a social finance is proved to be false as Islamic finance not only promotes profit maximization, but it has also the potential to achieve social objectives. Islamic commercial finance developments could be slower, but it is anticipated that Islamic social modes of financing will be used widely eve...

  • The_role_of_Islamic_finance_in_achieving_sustainable_development_goals_SDGs_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Fares Djafri (2021)

  • The concept of sustainable development has been articulated for the first time in the Brundtland Report, also called "Our Common Future" published in 1987 by the World Commission on Environment and Development (WCED) and supported by the United Nations (UN). According to Brundtland Report, Sustainable Development is defined as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." In 2015 the United Nations has introduced the new global development agenda for 2015 through 2030 and adopted a set of seventeen Sustainable Development Goals (SDGs) for the action of the member states. According to UNDP, the SDGs as ...

  • Malaysia_Islamic_Financial_Services_Act_2013_and_Shari’ah_governance_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri (2019)

  • Shari'ah compliance is the raison d’etre for the existence of Islamic banking and finance industry. A robust Shari'ah compliance can be achieved through an effective Shari'ah governance system. In view of its importance, Malaysia has in the last three decades developed robust legal and regulatory framework that aims to accommodate and facilitate the evolution of Shari'ah governance structure in its Islamic banking and finance industry. The implementation of the current Shari'ah governance framework has guided and assisted the Islamic banking and finance industry in mitigating the cost of Shari'ah risk in their operations and business. As a result, consumers' trust and confidence in 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...

  • International_best_practices_in_existing _corporate_waqf_models_retrospective_Noor Suhaida.jpg.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Hasan Hilmi (2020)

  • Waqf is being introduced and implemented in a number of innovative structures with contemporary movable asset class. Despite that, there is still a demand for waqf to be more effectively organised and managed. This chapter studies the contemporary establishment of corporate waqf, as exemplified by Waqaf An-Nur Corporation Berhad, Larkin Sentral Property Berhad, and Wareef Endowment Fund. These models are analyzed from the angles of governance, sustainable investment strategy, risk management, and social impact. These mini case studies are benchmarked against the leading Harvard Endowment Fund. The analysis sheds light on their levels of efficiency and effectiveness as well as their is...

  • Analisis_Syariah_terhadap_bitcoin_Marjan.jpg.jpg
  • Chapter in Book


  • Authors: Marjan Muhammad; Muhd Rosydi Muhammad (2020)

  • Pada Januari 2009, Satoshi Nakamoto telah menghasilkan mata wang kripto pertama yang dikenali sebagai bitcoin. Pada peringkat awalnya, mata wang kripto ini kurang mendapat sambutan meskipun teknologi yang mendasarinya amat berinovasi dan berdaya maju. Bitcoin (menggunakan simbol BTC) ini hanya mula menarik minat pengguna selepas nilainya melonjak sebanyak 600 peratus bagi BTC1 dalam masa kurang daripada setahun; iaitu BTC1 bersamaan dengan nilai USD1,000 pada 1 Januari 2017 kepada USD7,000 pada 3 November 2017. Kejayaan besar yang dicapai bitcoin ini telah menyumbang kepada penghasilan lebih banyak mata wang kripto seumpamanya dicipta dan dilancarkan. Sehingga 7 Januari 2018, lebih da...

  • Embracing_maqasid_Shariah_via_integrated_via_integrated_reporting_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Syukqran Kamal (2021)

  • Financial reporting has undergone tremendous development in the last couple of years. It traditionally discloses financial results that mainly consist of income statement, balance sheet, and cash flow. This information aids its shareholders, customers as well as the public to assess and measure the financial performance of the corporation or organization. It also informs them of the resource allocation, investment decision that affects the business operations in that particular year. However, such format of reporting has in recent years faced disruption due to the introduction of Integrated Reporting (IR). The style of reporting under IR is that it reports not only financial but non-f...

  • The_investment_account_platform_practical_application_fintech_in_Malaysia_Noor_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Marjan Muhammad (2019)

  • The launching of Malaysia's investment account platform (IAP) in 2016 marked another important milestone in positioning Malaysia as a leader in the Islamic banking industry. For the first time in Malaysian history, six competitive Islamic banks collectively collaborated to initiate and launch the IAP. The multi-bank platform offers multiple ventures or investment avenues for investors to invest in, and financing options and opportunities for ventures to choose from, via the intermediation of the sponsoring banks. The platform that leverages on the advance and innovative financial technology system, or fintech, offers a safe and regulated investment ecosystem with better outreach and e...

  • The_shariah_perspective_on_sukuk_assets_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Marjan Muhammad; Beebee Salma Sairally (2017)

  • The sukuk market is one of the fastest growing sectors in Islamic finance, with total sukuk outstanding valued at more than USD330 billion in the first quarter of 2016. The industry has witnessed evolution in the issuance of landmark and innovative structures: ranging from plain vanilla to more complex and hybrid structures such as convertible and exchangeable sukuk that allow investors to tap into the equity of reference companies; from short- to medium- to long-term and perpetual sukuk to meet the funding requirements of issuers; and from sovereign to corporate and retail sukuk to cater to the appetites of different classes of issuers and investors. Recently, more sukuk have been st...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 218

Chapter in Book : [218]

Follow this collection to receive daily e-mail notification of new additions
Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 218
  • Blockdentity_a_future_beyond_digital_identity_Ziyaad.pdf.jpg
  • Chapter in Book


  • Authors: Ishaq Mustapha Akinlaso; Ibrahim Opeyemi Adediran; Abdoulaye Kindy Diallo; Ziyaad Mahomed (2019)

  • The last trillion-dollar industry was built on a code of 1s and 0s and the next will be built on genetic codes. Well, who knows? It's no longer unthinkable. Traditional economics had maintained that factors of production comprised of land, labour and capital. While that may still be true, it is only valid in certains ways, today; just as was the case once upon a time, when land was the raw material for the agricultural age. It only lasted for a period before the inevitable change, and iron became the new raw material for the next age the industrial age. Today, we live in the information age, where technology has taken charge and data is its raw material. More specifically, identity da...

  • Saudi Arabia_Marjan et al.jpg.jpg
  • Chapter in Book


  • Authors: Ashraf Gomma Ali; Marjan Muhammad; Beebee Salma Sairally; Safiudin Ahmad Fuad (2020)

  • Saudi Arabia is one of the largest Islamic finance markets in the world and therefore holds a position of special importance in the study of Islamic finance as well as in the study of shari'ah governance in Islamic financial institutions (IFIs). Saudi Arabia is the largest Islamic banking market in the Gulf Cooperation Council (GCC) by market share; its Islamic banking assets accounted for 51.5 per cent of the domestic banking sector as at 2Q2017. Globally, Saudi Arabia ranked second after Iran among twelve jurisdictions where Islamic banking is systematically important. It accounted for 20.4 per cent of global Islamic banking assets in 2017 as compared to Iran, which accounted for 34...

  • Islamic_finance_and_inclusive_growth_Mansor.pdf.jpg
  • Chapter in Book


  • Authors: Mansor H. Ibrahim (2022)

  • The emergence of Islamic finance in the global financial scene has attracted much scholarly interest, leading to a plethora of studies examining the roles of Islamic finance in the economy. Generally, studies on Islamic finance focus on four areas - Islamic banking, Islamic capital markets, takaful and other Islamic finance. Among these, Islamic banking has received the most attention, with the primary focus on comparing Islamic with conventional banking based on performance. Studies in Islamic capital markets have centred on issues related to the performance and benefits of investment in Shari'ah-compliant shares and sukuk (Islamic bonds). Most recently, some attention has also been ...

  • Audit_committees_from_the_legal_perspective_the_case_of_Malaysia_Zulkarnain_Shamsher.pdf.jpg
  • Chapter in Book


  • Authors: Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd (2008)

  • Good corporate governance practices are a trademark of developed capital markets. Stringent regulation of capital markets is not a consistent way to mitigate financial mishaps in developed market environment. Malaysian government has adopted a market deregulation approach, and delegated the responsibilities of ensuring a fair and proper functioning of financial institutions to the Securities Commission. The commission is required to issue listing requirements for public and listed companies to establish audit committees. This paper discusses the Malaysian audit committees' duties from the legal perspective. The discussion covers audit committee's fiduciary duties, duty to be diligent,...

  • Waqf_development_in_Malaysia_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Sharifah Zubaidah Syed Abdul-Kader; Fares Djafri (2022)

  • The practice of waqf has existed in Malaysia since the coming of Islam to the Malay Archipelago in the 9th century (CE) (Arnold, 1913). The early awqaf properties were in the form of prayer rooms (surau), mosques, cemeteries and subsequently, madrasahs (Dahlan & Kamarudin, 2006). Mahamood divides the history of waqf in Malaysia into three phases, namely, pre-colonial Malaya, colonial Malaya and postindependence Malaya (Mahamood, 2006) but notes that there has not been much research done on the pre-colonial period in order to confirm the first awqaf properties in Malaya. Based on the premise that the earliest awqaf created were in the form of mosques, the earliest official mosque is sa...

  • Role_of_zakat_in_responding_to_COVID-19_pandemic_Magda Ismail.pdf.jpg
  • Chapter in Book


  • Authors: Randi Swandaru; Magda Ismail Abdel Mohsin (2022)

  • COVID-19 pandemic has impacted global human lives, killing millions and attacking the real economy to its core. United Nations has called for global solidarity to overcome this unprecedented disaster. Having said that, zakat has been utilized to respond to this ongoing suffering in Muslim countries. This chapter explore zakat utilization for COVID-19 under the shariah perspective and discuss the role of zakat to respond to the pandemic in Muslim countries. A qualitative methodology including conceptual and content analysis is applied to conduct this study. The findings show that most sharia scholars agreed to utilize zakat for the COVID-19 pandemic and endorse advance zakat payment. M...

  • item.jpg
  • Chapter in Book


  • Authors: Ziyaad Mahomed (2022)

  • 'Stans' is an ancient Persian word meaning land, country or nation. This chapter begins with a review of the historical basis of zakat management in Islamic practice and provides a brief historical account and status of zakat practices in select countries in Central Asia. The section thereafter focuses on benchmark international zakat management models before providing recommendations for the development of an effective zakat management model within Central Asia. The economic shocks resulting from the pandemic have forced many in the region into situational poverty. If left unchecked, this may easily regress into chronic poverty, undoing the significant growth that these countries hav...

  • New_frontiers_for_cash_waqf_models_for_socio_economic_development_Magda Ismail.pdf.jpg
  • Chapter in Book


  • Authors: Magda Ismail Abdel Mohsin (2022)

  • Waqf is a charitable financial instrument established by withholding immovable and movable properties to perpetually spend its revenue on fulfilling various socio-economic needs, depending on the founder's terms and conditions. Once the property is created as waqf, it can never be given as a gift, inherited or sold. It belongs to Allah (SWT), and the waqf property always remains intact. Only its generated revenue is channeled to the specified need. There are two motives behind the creation of waqf for the founder. The first is to attain righteousness as clearly stated in the following verse from the Qur'an: "By no means shall ye attain righteousness unless ye give (freely) of that whi...

  • The_need_to_digitize_sukuk_issuance_amid_Covid-19_crisis_Aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: Sherin Kunhibava; Zakariya Mustapha; Aishath Muneeza; Auwal Adam Sa'ad; Mohammad Ershadul Karim (2022)

  • Covid-19 pandemic was a health crisis that plunged the world into economic turmoil due to its resultant national lockdowns across economies which brought business and market activities to a standstill. In order to adapt to ensuing restrictions owing to the pandemic, forge ahead in a new way of living, work and interactions with one another (new normal), digitizing business and market operations is considered a necessary option. Sukuk is an essential Islamic capital market product whose operations involve multiple parties/intermediaries alongside some technical financial, administrative and legal/shariah processes. On this note, this chapter aims to study and examine the need for digit...

  • Internationalization_of_zakat_to_serve_humanity_in_the_midst_of_Covid-19_Jemilah_Kabir_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: Jemilah Mahmood; M. Kabir Hassan; Aishath Muneeza (2022)

  • Zakat is an effective Islamic social financial tool that could be used to eliminate global poverty. The pandemic has turned back the world's poverty clock and as such, more work is required to bring equitable and shared prosperity to the world. International organizations that serve humanity could be used as intermediaries of zakat to reach out to those categories of legal recipients of zakat who are most deserved of such assistance, but who are unidentified and unreachable by the zakat organizations. This is with the ultimate objective of enhancing the effectivity of zakat as a social finance tool. However, using international organizations as zakat intermediaries is not a straightfo...

  • OIC_economies_during_the_Covid-19_implications_and_recommendations_Kabir_Saeed_Aishath.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Saeed Awadh Bin-Nashwan; Aishath Muneeza (2022)

  • COVID-19 is a pandemic that is a black swan event that has disrupted the economic activities in the whole world. Organization for Islamic Cooperation (OIC) is the second largest international organization that unites Muslims to collectively protect their interest by having a global platform to voice out their concerns. This is an exploratory research of which the objective is to understand the implication of this pandemic on OIC countries to suggest ways in which pandemic related economic challenges facing these countries could be resolved. This research identifies four key economic challenges faced by the OIC countries: challenges in adapting to new normal in in re-starting the econo...

  • The_impact_of_the_Covid-19_pandemic_on_Islamic_finance_Kabir_Aishath_Adel.pdf.jpg
  • Chapter in Book


  • Authors: M. Kabir Hassan; Aishath Muneeza; Adel M. Sarea (2022)

  • This chapter explores the impact of the pandemic on Islamic commercial finance and Islamic social finance in a comprehensive manner. The chapter reveals that COVID-19 has provided more opportunities to Islamic social finance than Islamic commercial finance. The beauty of Islamic finance in this regard is reflected as the perception that Islamic finance does not achieve its objective as being a social finance is proved to be false as Islamic finance not only promotes profit maximization, but it has also the potential to achieve social objectives. Islamic commercial finance developments could be slower, but it is anticipated that Islamic social modes of financing will be used widely eve...

  • The_role_of_Islamic_finance_in_achieving_sustainable_development_goals_SDGs_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Fares Djafri (2021)

  • The concept of sustainable development has been articulated for the first time in the Brundtland Report, also called "Our Common Future" published in 1987 by the World Commission on Environment and Development (WCED) and supported by the United Nations (UN). According to Brundtland Report, Sustainable Development is defined as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." In 2015 the United Nations has introduced the new global development agenda for 2015 through 2030 and adopted a set of seventeen Sustainable Development Goals (SDGs) for the action of the member states. According to UNDP, the SDGs as ...

  • Malaysia_Islamic_Financial_Services_Act_2013_and_Shari’ah_governance_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri (2019)

  • Shari'ah compliance is the raison d’etre for the existence of Islamic banking and finance industry. A robust Shari'ah compliance can be achieved through an effective Shari'ah governance system. In view of its importance, Malaysia has in the last three decades developed robust legal and regulatory framework that aims to accommodate and facilitate the evolution of Shari'ah governance structure in its Islamic banking and finance industry. The implementation of the current Shari'ah governance framework has guided and assisted the Islamic banking and finance industry in mitigating the cost of Shari'ah risk in their operations and business. As a result, consumers' trust and confidence in 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...

  • International_best_practices_in_existing _corporate_waqf_models_retrospective_Noor Suhaida.jpg.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Hasan Hilmi (2020)

  • Waqf is being introduced and implemented in a number of innovative structures with contemporary movable asset class. Despite that, there is still a demand for waqf to be more effectively organised and managed. This chapter studies the contemporary establishment of corporate waqf, as exemplified by Waqaf An-Nur Corporation Berhad, Larkin Sentral Property Berhad, and Wareef Endowment Fund. These models are analyzed from the angles of governance, sustainable investment strategy, risk management, and social impact. These mini case studies are benchmarked against the leading Harvard Endowment Fund. The analysis sheds light on their levels of efficiency and effectiveness as well as their is...

  • Analisis_Syariah_terhadap_bitcoin_Marjan.jpg.jpg
  • Chapter in Book


  • Authors: Marjan Muhammad; Muhd Rosydi Muhammad (2020)

  • Pada Januari 2009, Satoshi Nakamoto telah menghasilkan mata wang kripto pertama yang dikenali sebagai bitcoin. Pada peringkat awalnya, mata wang kripto ini kurang mendapat sambutan meskipun teknologi yang mendasarinya amat berinovasi dan berdaya maju. Bitcoin (menggunakan simbol BTC) ini hanya mula menarik minat pengguna selepas nilainya melonjak sebanyak 600 peratus bagi BTC1 dalam masa kurang daripada setahun; iaitu BTC1 bersamaan dengan nilai USD1,000 pada 1 Januari 2017 kepada USD7,000 pada 3 November 2017. Kejayaan besar yang dicapai bitcoin ini telah menyumbang kepada penghasilan lebih banyak mata wang kripto seumpamanya dicipta dan dilancarkan. Sehingga 7 Januari 2018, lebih da...

  • Embracing_maqasid_Shariah_via_integrated_via_integrated_reporting_Noor Suhaida.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Muhammad Syukqran Kamal (2021)

  • Financial reporting has undergone tremendous development in the last couple of years. It traditionally discloses financial results that mainly consist of income statement, balance sheet, and cash flow. This information aids its shareholders, customers as well as the public to assess and measure the financial performance of the corporation or organization. It also informs them of the resource allocation, investment decision that affects the business operations in that particular year. However, such format of reporting has in recent years faced disruption due to the introduction of Integrated Reporting (IR). The style of reporting under IR is that it reports not only financial but non-f...

  • The_investment_account_platform_practical_application_fintech_in_Malaysia_Noor_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Noor Suhaida Kasri; Marjan Muhammad (2019)

  • The launching of Malaysia's investment account platform (IAP) in 2016 marked another important milestone in positioning Malaysia as a leader in the Islamic banking industry. For the first time in Malaysian history, six competitive Islamic banks collectively collaborated to initiate and launch the IAP. The multi-bank platform offers multiple ventures or investment avenues for investors to invest in, and financing options and opportunities for ventures to choose from, via the intermediation of the sponsoring banks. The platform that leverages on the advance and innovative financial technology system, or fintech, offers a safe and regulated investment ecosystem with better outreach and e...

  • The_shariah_perspective_on_sukuk_assets_Marjan.pdf.jpg
  • Chapter in Book


  • Authors: Marjan Muhammad; Beebee Salma Sairally (2017)

  • The sukuk market is one of the fastest growing sectors in Islamic finance, with total sukuk outstanding valued at more than USD330 billion in the first quarter of 2016. The industry has witnessed evolution in the issuance of landmark and innovative structures: ranging from plain vanilla to more complex and hybrid structures such as convertible and exchangeable sukuk that allow investors to tap into the equity of reference companies; from short- to medium- to long-term and perpetual sukuk to meet the funding requirements of issuers; and from sovereign to corporate and retail sukuk to cater to the appetites of different classes of issuers and investors. Recently, more sukuk have been st...

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