Right Formula Vital for “sukuk”

IT HAS almost been more than four years since this writer presented a paper on muqarada sukuk at an Islamic finance conference. The circumstances at that time were different from the present day where the term sukuk made its debut on the capital market. Sukuk literally means “pieces of paper” or “document that acknowledges something.” In a commercial sense it…

Tolerance is Key to Our Freedom

INTOLERANCE towards faith is partly to blame for the injustices, conflicts, suppression, terrorism and hegemony prevalent in the world.  The separation of Church from State after the collapse of the Holy Roman Empire and Renaissance in Europe formed the basis of the secular-republican-democrat philosophies in the West, while Eastern Europe opted for secular-communist-socialist ideals. Colonisation,…

IAEA a Tool of The Elite Circle

THE discourse on weapons of mass destruction (WMD) became the centre of international debate recently.  Iran and North Korea, accused of seeking to develop nuclear weapons, have become the subjects of serious debate in the West to ensure that these two countries discontinue their programme. The invasion of Iraq by the US-led coalition has failed…

Islam Hadhari A Way Forward

HAS the Islam Hadhari approach made Muslims in Malaysia too obtrusive? Indeed, these are the few cynical and unfounded accusations made by those who negatively interpret the Islam Hadhari approach and its applicability in our society. The Western secularist and imperial philosophies have, for centuries, altered the geopolitics, economics and societal lifestyles of peoples all…

Noble Values in Endowment

FROM an Islamic perspective, wakaf or endowment as an institution, begins with a noble intention to do good deeds for the benefit of oneself and others.  On the one hand, wakaf is a dedication made by one person for the benefit of others, with the intention that the dedicator be entitled to a continuous reward from Allah the Creator…