Newsletter & Bulletin : [81]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 81
  • The_importance_of_state_managing_zakat_through_digitalization_Magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2021)

  • The recent statistical data of the World Bank shows that the majority of people who live in poverty are found in Muslim countries. Moreover, almost all Muslim countries have huge unsettled external debts which result from compound interest, besides the corruption which prevails in almost all Muslim countries. Some scholars relate this fact to the oppression, humiliation and bad policies that had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others related this to the incompetence and the corruption on the part of their governments which led to the last Arab spring and what followed. We cannot deny the abovementioned reasons ...

  • Pandemic_thoughts_to_assist_poor_in India_Aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2021)

  • COVID-19 is a black swan event that has turned back the global poverty clock. Millions have lost their jobs overnight and have no way to find employment due to the lockdown measures taken to adequately deal with the pandemic and save the humankind from being extinct. The first case of COVID-19 in India was reported on 30 January 2020 and on 24 March 2020, the Prime Minister of the country announced that the country is going for full lockdown. This caused disruption in all major economic activities and led to increase in unemployment causing extreme poverty as no immediate financial helping hand was offered to them. According to the International Labor Organization (ILO), it is expecte...

  • Enhancing_zakat_distribution_with_IoT_Aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2021)

  • The Internet of things (IoT) is described as the network of physical objects - 'things' or objects - that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the Internet. Today using IoT it is possible to measure the stress level and the poverty level of a household. As such, there is no reason why zakat distribution to the poor can be enhanced via linking it with IoT. The advantage of this could be that the poor who register with zakat administration authorities will have to register a single time and via the data receive from the household, the zakat administrator can determine whether the...

  • High_time_for_Islamic_banks_to_show_they_are_indeed_value_based_intermediaries_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsudheen, Shinaj Valangattil; Salim, Kinan; Abdul Hamid, Baharom; Mahomed, Ziyaad; Abu Bakar, Noor Haini Akmal; Hassan, Wiaam (2020)

  • The novel COVID-19 pandemic has caused an unprecedented human crisis around the globe. The necessary actions implemented to contain the virus have sparked both economic and social downturn. It shows the fragility and unpreparedness of the economy to face such a pandemic. Significant weakening of economic conditions has escalated the pressure on households, businesses and financial markets. Governments all over the globe are in the process of formulating and implementing appropriate policies to continue economic activities amidst this turmoil. Financial institutions are obligated to respond towards the policies adopted by respective governments.

  • Covid-19_saga_economic_impact_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The Covid-19 outbreak hit the fan in December 2019 in Wuhan, China. There is much controversy over the genesis of this new pandemic which is haunting the humanity the world over. Contradictory, if not competing, conspiracy theories have emerged, with China and the US blaming each other. Some have described Covid-19 as a Black Swan which took the world completely unawares, while others contend it was not unforeseen, as people like Bill Gates have been talking about an impending pandemic of Biblical proportions, for nearly five years.

  • Trade_off_between_health_and_wealth_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Mahomed, Ziyaad; Abdul Hamid, Baharom; Abu Bakar, Noor Haini Akmal; Hassan, Wiaam; Shamsudheen, Shinaj Valangattil (2020)

  • Recent statistics released by the IMF (Figure 1) provide a comparative on the significant impact that COVID-19, and the lockdown in fighting and containing the pandemic has on global economies. The IMF forecasts that the impact is expected to be more devastating than the growth experienced in the aftermath of the Global financial crisis in 2009. The Euro area is where the most severe impact is envisaged, with estimates of economic contraction at almost 8%. This is followed by the United States with an estimated contraction of 6% and Japan contracting slightly more than 5%. China and India are expected to post positive growth at 2% and 1% respectively.

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • -


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsudheen, Shinaj Valangattil; Ramadili Mohd, Shamsher Mohamad; Mahomed, Ziyaad (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • role_islamic_finance_catalyst_to_sustainable_entrepreneurship_achieving_sustainable_development_goals_agenda_zulkarnain.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muhamad Sori, Zulkarnain (2020)

  • Fairer and healthier planet have been the main agenda of governments around the globe since the last few decades. Global crisis like climate change, global warming, poverty, hunger, inequality and many more, have raised the concern on our planet sustainability. As a result, the United Nations Summit in New York from 25 to 27 September 2015 unveils the 2030 Agenda for Sustainable Development with 17 Sustainable Development Goals (SDGs) and 169 targets which are integrated and indivisible. This agenda promotes transformation of thinking and approaches to be more inclusive, people-centred and to include sustainable development consideration where possible.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • managing_risk_islamic_finance_sector_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • The nascent Islamic banking and finance sector is confronted with almost identical risks as the traditional interest-based industry. However, the Shari'ah (Islamic law) parameters for the interest-free industry introduces additional risk elements of compliance [and therefore reputational] risk and limits the use of conventional tools of risk mitigation. This section discussess the suitability of conventional risk management techniques in the Islamic banking and finance sector. The emerging risk management solutions for the sector are highlighted with some derivative options currently practiced in the Islamic finance markets.

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The OIC 2025 Programme of Action stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 social...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Jamaluddin, Asmah Nabila (2019)

  • Islamic social finance (ISF) tools have been instrumental in alleviating poverty as they promote fairness in the distribution of wealth in society. For Malaysia, when effectively mobilised, such instruments are expected to create a significant positive impact on both socio-economic situation and Malaysia's economic growth in general. As an impact-focused technique, community investment through cash Waqf for example, has potential to support those that are less advantaged and provide entrepreneurial assistance through asset purchases and working capital needs. To this end, we present a model of Islamic social finance based on the 'Central Halal Kitchen' concept, using e-hailing deliver...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • big_data_analytics_kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Alchaar, Mhd Osama; Noushad, Neha Sarah (2019)

  • As the Fintech evolution transforms the banking sectors worldwide, the players in the market are hard-pressed to experiment the tremendous opportunities that the application of the likes of Blockchain, Big Data and Artificial Intelligence et cetera would have on the financial world. As the volume of the data continue to expand, the possibilities that this raw data materializes in the form of opportunities lean towards limitless. Organizations such as financial institutions must be vigilant of the prospects that such data can reveal and the extend of leverage that they can exercise to build insights for their consumers, products, and services. Big data analytics have alone become the d...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • problem_based_learning_in_an_online_collaborative_environment_magda_et_al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 81

Newsletter & Bulletin : [81]

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 81
  • The_importance_of_state_managing_zakat_through_digitalization_Magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2021)

  • The recent statistical data of the World Bank shows that the majority of people who live in poverty are found in Muslim countries. Moreover, almost all Muslim countries have huge unsettled external debts which result from compound interest, besides the corruption which prevails in almost all Muslim countries. Some scholars relate this fact to the oppression, humiliation and bad policies that had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others related this to the incompetence and the corruption on the part of their governments which led to the last Arab spring and what followed. We cannot deny the abovementioned reasons ...

  • Pandemic_thoughts_to_assist_poor_in India_Aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2021)

  • COVID-19 is a black swan event that has turned back the global poverty clock. Millions have lost their jobs overnight and have no way to find employment due to the lockdown measures taken to adequately deal with the pandemic and save the humankind from being extinct. The first case of COVID-19 in India was reported on 30 January 2020 and on 24 March 2020, the Prime Minister of the country announced that the country is going for full lockdown. This caused disruption in all major economic activities and led to increase in unemployment causing extreme poverty as no immediate financial helping hand was offered to them. According to the International Labor Organization (ILO), it is expecte...

  • Enhancing_zakat_distribution_with_IoT_Aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2021)

  • The Internet of things (IoT) is described as the network of physical objects - 'things' or objects - that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the Internet. Today using IoT it is possible to measure the stress level and the poverty level of a household. As such, there is no reason why zakat distribution to the poor can be enhanced via linking it with IoT. The advantage of this could be that the poor who register with zakat administration authorities will have to register a single time and via the data receive from the household, the zakat administrator can determine whether the...

  • High_time_for_Islamic_banks_to_show_they_are_indeed_value_based_intermediaries_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsudheen, Shinaj Valangattil; Salim, Kinan; Abdul Hamid, Baharom; Mahomed, Ziyaad; Abu Bakar, Noor Haini Akmal; Hassan, Wiaam (2020)

  • The novel COVID-19 pandemic has caused an unprecedented human crisis around the globe. The necessary actions implemented to contain the virus have sparked both economic and social downturn. It shows the fragility and unpreparedness of the economy to face such a pandemic. Significant weakening of economic conditions has escalated the pressure on households, businesses and financial markets. Governments all over the globe are in the process of formulating and implementing appropriate policies to continue economic activities amidst this turmoil. Financial institutions are obligated to respond towards the policies adopted by respective governments.

  • Covid-19_saga_economic_impact_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The Covid-19 outbreak hit the fan in December 2019 in Wuhan, China. There is much controversy over the genesis of this new pandemic which is haunting the humanity the world over. Contradictory, if not competing, conspiracy theories have emerged, with China and the US blaming each other. Some have described Covid-19 as a Black Swan which took the world completely unawares, while others contend it was not unforeseen, as people like Bill Gates have been talking about an impending pandemic of Biblical proportions, for nearly five years.

  • Trade_off_between_health_and_wealth_Kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Mahomed, Ziyaad; Abdul Hamid, Baharom; Abu Bakar, Noor Haini Akmal; Hassan, Wiaam; Shamsudheen, Shinaj Valangattil (2020)

  • Recent statistics released by the IMF (Figure 1) provide a comparative on the significant impact that COVID-19, and the lockdown in fighting and containing the pandemic has on global economies. The IMF forecasts that the impact is expected to be more devastating than the growth experienced in the aftermath of the Global financial crisis in 2009. The Euro area is where the most severe impact is envisaged, with estimates of economic contraction at almost 8%. This is followed by the United States with an estimated contraction of 6% and Japan contracting slightly more than 5%. China and India are expected to post positive growth at 2% and 1% respectively.

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • -


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • do_msme_patronage_factors_correspond_to_UAE_Islamic_banker_perceptions_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shamsudheen, Shinaj Valangattil; Ramadili Mohd, Shamsher Mohamad; Mahomed, Ziyaad (2020)

  • According to UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provide jobs for more than 86 per cent of the private sector's workforce. There are more than 350,000 companies working at the SMEs platform, and providing over 86 percent of the private sector's total workforce. They contribute to more than 60 percent of the UAE non-oil GDP. According to the Central Bank of UAE's data, credit provided to microenterprises grew 26.3% during the period from December 2017 through March 2019.

  • role_islamic_finance_catalyst_to_sustainable_entrepreneurship_achieving_sustainable_development_goals_agenda_zulkarnain.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muhamad Sori, Zulkarnain (2020)

  • Fairer and healthier planet have been the main agenda of governments around the globe since the last few decades. Global crisis like climate change, global warming, poverty, hunger, inequality and many more, have raised the concern on our planet sustainability. As a result, the United Nations Summit in New York from 25 to 27 September 2015 unveils the 2030 Agenda for Sustainable Development with 17 Sustainable Development Goals (SDGs) and 169 targets which are integrated and indivisible. This agenda promotes transformation of thinking and approaches to be more inclusive, people-centred and to include sustainable development consideration where possible.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • managing_risk_islamic_finance_sector_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • The nascent Islamic banking and finance sector is confronted with almost identical risks as the traditional interest-based industry. However, the Shari'ah (Islamic law) parameters for the interest-free industry introduces additional risk elements of compliance [and therefore reputational] risk and limits the use of conventional tools of risk mitigation. This section discussess the suitability of conventional risk management techniques in the Islamic banking and finance sector. The emerging risk management solutions for the sector are highlighted with some derivative options currently practiced in the Islamic finance markets.

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The OIC 2025 Programme of Action stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 social...

  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Jamaluddin, Asmah Nabila (2019)

  • Islamic social finance (ISF) tools have been instrumental in alleviating poverty as they promote fairness in the distribution of wealth in society. For Malaysia, when effectively mobilised, such instruments are expected to create a significant positive impact on both socio-economic situation and Malaysia's economic growth in general. As an impact-focused technique, community investment through cash Waqf for example, has potential to support those that are less advantaged and provide entrepreneurial assistance through asset purchases and working capital needs. To this end, we present a model of Islamic social finance based on the 'Central Halal Kitchen' concept, using e-hailing deliver...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • big_data_analytics_kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Alchaar, Mhd Osama; Noushad, Neha Sarah (2019)

  • As the Fintech evolution transforms the banking sectors worldwide, the players in the market are hard-pressed to experiment the tremendous opportunities that the application of the likes of Blockchain, Big Data and Artificial Intelligence et cetera would have on the financial world. As the volume of the data continue to expand, the possibilities that this raw data materializes in the form of opportunities lean towards limitless. Organizations such as financial institutions must be vigilant of the prospects that such data can reveal and the extend of leverage that they can exercise to build insights for their consumers, products, and services. Big data analytics have alone become the d...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • problem_based_learning_in_an_online_collaborative_environment_magda_et_al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 81