53 research outputs found
Malaysia’s pivot: navigating Trump’s return for growth and stability
No full textDECEMBER 3 — The 45th US President, Donald Trump, is set to return to the White House as the 47th President following his victory in the recent US presidential election. Countries across Asia including Malaysia, are recalibrating their economic and strategic approaches. With the possibility of significant changes in U.S. policy on trade and security, Malaysia stands at a crossroads. How can the country leverage its strengths to navigate potential disruptions while positioning itself to benefit economically, socially, and on the global stage
Environmental Waqf for climate action in the light of Maqasid al-‘Imran: (Hifz al-‘Imran or Hifz al-Bi’ah)
No full textEnvironmental degradation has become one of the most pressing global challenges, impacting the entire planet. One of the potential solutions is Waqf, which can contribute significantly to environmental sustainability, including forest restoration and renewable energy development. Hence, this study aims to explore the role of environmental Waqf in addressing climate change, with a focus on the Hifz al-‘Imran (protection of the environment), and to highlight its potential to contribute to effective climate action. The study concludes that Hifz al-‘Imran can provide a strong conceptual foundation for aligning environmental conservation and climate action with the higher objectives of Islamic law
Potential role of social impact bond and socially responsible investment sukuk as financial tools that can help address issues of poverty and socio-economic insecurity
No full textComing together: a comprehensive overview of the transdisciplinary perspectives of school belonging
No full textDefinitions of belonging vary across different disciplines. But despite the differences in perspectives, each field recognizes the value of belonging particularly in schools. School belonging is associated with positive social and academic outcomes and overall well-being. However, a large proportion of students worldwide have a low sense of belonging and many feel that they do not belong. This chapter will discuss how belonging is defined, its importance for students and the issues related to school belonging through an innovative transdisciplinary lens. This chapter is the first of its kind to integrate the concepts of different transdisciplinary conversations to improve the understanding of school belonging and present potential solutions through collaborations among researchers and educators in different fields
Social impact bonds in light of maqasid al-shari‘ah and maslahah
No full textThis paper looks into the concept of Social Impact Bond (SIB) and its underlying
principles with regards to the Islamic values embodied within the components of
maqasid al-Shari‘ah and maslahah. Using various literatures related to the study
of maqasid al-Shari’ah and maslahah, as well as researches related to SIB, the
paper attempts to delineate the elements embedded within the theoretical practice
of SIB and look at them from an Islamic perspective.
The paper explicates that the SIB is a model that epitomises the ethical and moral
framework of Islamic law, as the elements of SIB are congruent with the concepts
within maqasid al-Shari’ah and maslahah. The paper provides some insight of
the concept of SIB as an alternative social financing model. As SIB embody the
values that Islam teaches, this model should be looked into by organisations such
as Islamic banks and Islamic financial institutions whose philosophical foundation
is built upon the principles of maqasid al-Shari’ah and maslahah
Misconception Of Zakat And Distributive Justice In Islam: Case Study Of Zakat Institutions In Malaysia
No full textThe COVID-19 pandemic caused a multidimensional crisis in health, economic, social, and lifestyle due to the pandemic. Many people in various countries endure hardships and struggle to make ends meets. Hence, as an Islamic social fund, zakat plays a role in mitigating this problem by assisting communities directly affected by it. This study investigates the role of zakah and addresses the issues related to zakat misconceptions and management by demonstrating the importance of zakat through a variety of evidence undertaken by zakat institutions during the pandemic. This study adopts a qualitative research method by using secondary data and analytical approaches to achieve its objectives. Zakat distribution programmes conducted by all zakat institutions in Malaysia for zakat beneficiaries affected by Covid-19 have been one of the study’s most important findings. This highlights the viability of zakat principles as one of Islam’s distributive justice mechanisms in assisting and alleviating the burden imposed on society, particularly those in the asnaf categories due to the Covid-19 pandemic’. The study is limited to the focus on the zakat mechanism in the context of distribution justice from the Islamic perspective
The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry
No full textThe purpose of this paper is to explicate the congruence of innovative financial tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk with the principles of Islamic Finance, and explore their potential contribution towards the sustainable growth of the Islamic finance and societal wellbeing. Using various literature, the paper takes a comparative approach in explaining and relating the two innovative tools with the development of Islamic finance. The paper finds that there is a growing interest in innovative tools such as SIB and SRI sukuk globally. Furthermore, these tools exemplify the spirit of risk-sharing and social responsibility which are the major essences of Islamic finance that are currently missing in practice. The paper provides a reference towards understanding the mechanism and concepts of SIB and SRI sukuk. It also provides insight to the emerging interest in these innovative tools, and assesses the current innovative efforts in the Islamic finance industry. Additionally, it highlights the potential of these tools towards the sustainable growth of the Islamic finance industry through risk-sharing and societal impact. The paper is exploratory and conceptual in nature therefore further empirical studies can be don
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