FROM time immemorial man has endeavoured to increase his wealth through various means, some of which require him to jointly participate with others to achieve the objective. More often than not, the personal capacity of an individual is not enough for him to pursue his dream of amassing assets. Due to this limitation there…
ISLAMIC finance is about ways of conducting financial transactions in accordance with the tenets of Islam. For individuals, it may relate to methods employed to manage daily financial activities at various levels. This may involve the sale and purchase of goods and services. The way we conduct ourselves determines how we treat our fellow citizens…
UMAT Islam sesama mereka adalah kelompok masyarakat yang satu tanpa dicampuradukkan dengan kelompok masyarakat yang lain. Mereka yang menerima Islam sebagai pegangan agama, iaitu agama yang mentauhidkan Allah dan mengakui kerasulan Nabi Muhammad secara hakikatnya, membentuk sebuah entiti yang berdiri teguh, di samping entiti lain di bumi ini. Firman Allah bermaksud : “Sesungguhnya agama Islam…
MY participation at the International Islamic Finance Forum in Istanbul early this month has reinforced my belief that to survive in the present world, Islamic financial institutions have to make many more efforts to improve. Gone are the days when they could expect customers to come to them and be satisfied with whatever they anaged…
THE recent uproar concerning student discipline in our schools has not settled as yet given the complexity of the issues raised and debated. This matter cannot be taken lightly since schools are places where our future generations are moulded. Although academic achievement is important, it alone is not sufficient for the creation of a truly balanced…
CRIME, by conventional definition, is a wrongful act against the state punishable by certain punishment, the objective of which is to safeguard the interest of the general public. Before the emergence of crimes as public offences, all wrongful acts were considered offences against private interest or individuals remedied through various modes of satisfaction initiated by…
WE live in the so-called modern world where our lifestyle is so sophisticated. We use modern technologies and nicely-invented gadgets and tools, yet our behaviour is still very much primitive; murders, kidnappings and armed robberies are quite normal these days that some of us no longer feel safe walking along the street and alley. Vulnerable groups…
ISLAMIC private debt securities (IPDS) have been playing a key role in the Malaysian capital market since the last decade. Billions of ringgit have since been raised for companies and agencies, both public and private. The essence of IPDS is that they come out of a chain of transactions that create the underlying debt which…
NOW, with the war in Iraq continuing and the crisis of confidence being faced by the United Nations, at least among the great majority of its member countries, the world community is heading towards a very gloomy prospect in years to come. The international system which hitherto relies so much on the notion of international…
BUSINESS and banking are not alien to the Muslim community. The Prophet of Islam himself was a successful trader long before he was made a messenger of Allah. As a religion, Islam is very supportive of business and finance. It teaches that children need to be taught about financial management from an early age. Riba’…
