Md. Faruk Abdullah

Universiti Sultan Zainal Abidin | UniSZA | unisza · Faculty of Business and Management

Background and Purpose: Several classical scholars who contributed to developing the theory of the maqāṣid al-sharīʿah are overlooked in the contemporary studies of maqāṣid. Most ‎contemporary studies focused on al-Juwaynī, al-Ghazālī and al-Shāṭibī. However, studying a theory requires investigating all the classical works that pioneered the theory...

The purpose of this study was to determine if senior management support (SMSI) in Yemeni commercial banks mediates the association between internal audit function (IAF) quality characteristics and improved corporate governance effectiveness (CGE). Internal auditors, heads of internal audit, chairmen and participants in audit committees, CEOs, and f...

Islamic Shariah encourages individuals to fulfil their financial needs in a lawful manner. However, a group of people strive for financial means without following a lawful approach while ignoring the principles of Shariah. This study aims to focus on Islamic principles of lawful and unlawful earnings. This paper examines the Qur'anic and Prophetic...

The study aims to develop an Islamic debt and wealth management framework based on Shariah to improve Malaysians' financial behaviour. This is a qualitative study where semi-structured interviews were conducted to collect the primary data. The target respondents were local Shariah scholars and the Credit Counselling and Debt Management Agency (AKPK...

Studies showed that Malaysians possess low financial literacy. Consequently, bankruptcy cases among young adults in Malaysia are rising. The government and its relevant institutions, that is, credit counseling and debt management agency, provide different training and awareness programs to minimize the bankruptcy rates. Muslims are among the majori...

Purpose Islamic crowdfunding, an alternative way to finance social projects, is a new development in Malaysia. Little is known about its operation. This study aims to explore the practice of Nusa Kapital, the first Islamic crowdfunding platform in Malaysia. Design/methodology/approach This study adopted a descriptive approach. The data was collect...

The objective of this paper is to determine the relationship between the Chief Audit Executive's (CAE) leadership style and senior management support for the internal audit function (IAF) as determinants of IAF quality and corporate governance (CG) effectiveness in Yemeni commercial banks. This article also investigates the extent to which the char...

Purpose This study aims to investigate and propose the potential practice of hibah al-ʿumra as a Shari‘ah-compliant policy that would encompass the disbursement of death benefits and facilitate their smooth distribution among the projected beneficiaries of the family Takāful. Design/methodology/approach This study uses a qualitative approach. It c...

The issue of Islamic credit card has received considerable academic attention. Therefore, this study investigates Islamic credit cards' practice based on the concept of Ujrah in the Islamic Banks in Malaysia and analyses contemporary Shariah scholars' views on that. The study adopts a qualitative method to achieve its objectives. The data were coll...

This study examines the relationship between internal audit function (IAF) and the effectiveness of corporate governance (CG) in Yemeni commercial banks. The data were collected by a questionnaire survey distributed to internal auditors, heads of internal audit, chairman and members of audit committees, chief executives, and financial managers of Y...

The study investigated the challenges faced by the Palestinian Authority Institutions (PNA) in their practice of Human Resource Management. It adopted a qualitative approach based on a review of relevant literature to find out the major challenges handicapping the efforts to improve HRM in the West Bank in Palestine. The study reflected that with a...

Studying other religions is a legacy left by medieval Muslim scholars. As a Muslim scholar, al-Biruni’s Kitab al-Hind was a unique contribution to the study of Hinduism. This study explores al-Biruni’s approaches to studying Hinduism, culture, and civilisation by reviewing related manuscripts and literature. Al-Biruni studied the Hindu scripture in...

In Islam, consumption is not just the act of fulfilling human wants, but also an action that contributes to the well-being of ourselves and others. The goal of consumption in an Islamic framework is to satisfy personal needs that bring the pleasure of Allah and contribute to social development. Therefore, this study has been designed to discuss the...

This research aims to evaluate the concept of money laundering in reference to the objective of the protection of wealth (Hifz al-māl). It also examines the process of money laundering on whether they are halal in the Sharīʿah. This study adopts a qualitative approach. It reviews and analyses authentic data in relevant literature and documents on t...

Al-Qarawiyyin University's independence in terms of finances had been a significant and influential factor in making it possible for the university to maintain its high quality. Therefore, this paper aims to examine and analyse the financial sources for the development and operation of this university. It reviews and analyses historical data throug...

Islam is a way of life that seeks to protect the human being from financial harm through prohibiting riba, maysir, and gharar. Islamic credit card is one of the alternative banking products offered by Islamic financial institutions to replace the conventional credit card. The Islamic credit card was initially based on the Inah concept. However, thi...

Purpose - The purpose of this study is to conceptualise Human Resource Management Principles in the context of Palestine by investigating the current and standard practices of Islamic HRM principles in the West Bank in Palestine. The primary focus is more on the implementation and awareness about Islamic HRM principles in the large institutions and...

This study examines the effects of the correlation between corporate governance mechanisms (audit committees) on the financial performance in the Jordanian companies, the sample comprises of 115 companies, 690 observations, listed in ASE for the period from (2010-2015), thus our goal is the correlation between the audit committees and financial per...

The study aimed to shed light on the manifestations of mercy in women's social rights in Islam and see the situation of women in ancient civilizations. This study belongs to the pattern of studies estimating the situation based on the analytical inductive approach. It is one of the most important methods of scientific research, and the inductive ap...

This paper aims at investigating the operation of Islamic microfinance in Malaysia, analyses the challenges for their sustainability and the possible solutions. Among the notable institutions offering Islamic microfinance in Malaysia are Amanah Ikhtiyar Malaysia (AIM), Yayasan Usaha Maju (YUM) and Tabung Ekonomi Kumpulan Usaha Niaga (TEKUN). Bankin...

This paper aims at exploring the concept of hajiyat in re-takaful or Islamic re-insurance in Malaysia pertaining to the dynamic development of the Takaful and re-takaful industry which is gaining its momentum all around the world. The shariah-compliant insurance embedded with shariah principles emerged as the solution for the Muslims who have been...

The fundamental objective of Takaful services is the protection of human intellect, property and life, which are aligned with the doctrines laid down by the maqasid al-Shariah principles (objectives of Islamic law) that can be classified into five dimensions: (1) protection of religion; (2) protection of life; (3) protection of intellect; (4) prote...

A number of studies show that, in Malaysia, women continue to make significant contributions to the country’s economic and social development. Moreover, women’s access to health and education has increased rapidly over the years. However, some studies claim that socio-economic discrimination against Muslim women persists. Although several factors c...

The paper aims to analyse the validity of practicing umra and ruqba concepts in disbursement of family takaful benefit from the shariah perspective. In the current practice of takaful, the disbursement of family takaful benefit is subject to the demise of takaful certificate holder. Upon maturity of the certificate, if the certificate holder is ali...

Despite the significant contributions of electronic information system that were highlighted by literature, yet studies investigating the impact of electronic information system on employees' performance in Jordan industrial context are quite limited. Hence, this study is conducted to examine the Impact of Electronic Information System on Employees...

Recently, the banking sector has been facing many challenges because of rapid and continuous changes in technological developments. Due to these daunting challenges, the traditional management of operations and ways were incapable of making the banks competitive, which requires them to use the modern administrative methods available. However, strat...

The world is rapidly changing with new developments which have changed the manner, process or procedure of operations and activities in the business world. Electronic information system is one element that has introduced new trends in the way companies conduct their business activities especially in time management. However, whether this phenomenon...

Sufism in Bangladesh is directly connected to the faith, history and culture of Bangladeshi Muslims. Sufis contributed by reducing religious hatred, fanaticism and fundamentalism of any kind among the people of Bangladesh. It has social and economic impacts as well on the people. The paper investigates the influence of Sufism in promoting religious...

This study aims to compare the microfinance operation of Grameen Bank and the Rural Development Scheme of Islami Bank Bangladesh Limited. Qualitative approach is employed to obtain in-depth information concerning the operation of Grameen Bank and Rural Development Scheme.The data were collected through interviews conducted with Grameen Bank and Isl...

This study examines the shari'ah governance structure of Islamic banks in Bangladesh, analyses associated issues and challenges, and provides some suggestions for improvements. Primary data for this study were gathered through semi-structured interviews conducted with Islamic banking practitioners and shari'ah scholars. The study found that the sha...

Purpose The objective of the chapter is to discuss the role of wa’d (promise) to mitigate risk in different Islamic banking products. The chapter will illustrate the element of wa’d in different Islamic banking products in Malaysia. Methodology/approach The study has adopted the document review method to get information on different banking produc...

This study seeks to discover the best solution for women’s property sharing between Islamic and current social practices in Bangladesh. A qualitative method has been adopted to achieve this goal. It is found that the majority of the women are marginalised from their property in the social practice. On the other hand, in the Islamic solution, the pr...

This article discusses the Syari'ah rulings for muwā'adah and wa'dān by reviewing the views of classical and contemporary scholars. It argues that muwā'adah which is a mutual promise is different from a contract ('aqd) even though the promise is binding on both parties. Therefore, it is allowed in the Syari'ah to make a muwā'adah for executing a sa...

Purpose – The study aims to consider wa’dan-based products in Islamic banks in Malaysia and discuss the validity of wa’dan in those products from the perspective of Shari’ah. Design/methodology/approach – Case studies were conducted of three Islamic banks in Malaysia. Semi-structured interviews were carried out with bankers as well as Shari’ah scho...

A large number of product innovations in Islamic banking have been achieved globally through the usage of wa‘d. However, little is known about the product innovation in the Islamic banks of Bangladesh. Therefore, this study aims at examining the development of wa‘d-based product in the Islamic banking of Bangladesh. It analyzes the product structur...

This article aims to clarify the concept of promise (waʿd) and questions whether a promise, albeit personal or transactional, is by nature binding on the promisor under Sharīʿah law. The term waʿd is also discussed in relation to other concepts involving promise: i.e., ʿaqd (contract), ʿahd (covenant or binding agreement), nudhur (vows), and juʿāla...

This article aims to clarify the concept of promise (waʿd) and questions whether a promise, albeit personal or transactional, is by nature binding on the promisor under Sharīʿah law. The term waʿd is also discussed in relation to other concepts involving promise: i.e., ʿaqd (contract), ʿahd (covenant or binding agreement), nudhur (vows), and juʿāla...

This article aims to clarify the concept of promise (waʿd) and questions whether a promise, albeit personal or transactional, is by nature binding on the promisor under Sharīʿah law. The term waʿd is also discussed in relation to other concepts involving promise: i.e., ʿaqd (contract), ʿahd (covenant or binding agreement), nudhur (vows), and juʿāla...

A large number of product innovations in Islamic banking have been achieved globally through the usage of wa‘d. However, little is known about the product innovation in the Islamic banks of Bangladesh. Therefore, this study aims at examining the development of wa‘d-based product in the Islamic banking of Bangladesh. It analyzes the product structur...

This paper investigates the views of Sunni and Shi‘a jurisprudents on adjusting the repayment amount of loans (qard, pl. qurud) and debts (dayn, pl. duyun) in accordance with a price index. Classical and contemporary Islamic jurists fall into two groups regarding this matter. The first group argues that loans and debts should be adjusted according...

Purpose – The purpose of this paper is to analyze the human capital theory from an Islamic perspective. It studies the primary sources of Islam to discover its contribution towards human capital development. Design/methodology/approach – The paper adopts inductive and analytical method to interpret Islamic viewpoints towards human capital developm...

Purpose – Considering the popularity of the premium savings certificate (PSC) of the National Savings Bank of Malaysia (Bank Simpanan Nasional (BSN)) the paper aims to justify the Shari'ah compliancy of this product by analyzing its underlying contracts and to propose a Shari'ah compliant savings certificate, if the current practice is invalid in t...

Purpose – Considering the popularity of the premium savings certificate (PSC) of the National Savings Bank of Malaysia (Bank Simpanan Nasional (BSN)) the paper aims to justify the Shari'ah compliancy of this product by analyzing its underlying contracts and to propose a Shari'ah compliant savings certificate, if the current practice is invalid in t...

This paper analyzes the practice of Islamic Banks in Malaysia in home financing. While conventional banks deal with interest in financing home, car or other appliances, the Islamic banks limit to transactions that are free from interest, usury, ambiguity, cheating etc. Islamic Banks in Malaysia implement certain well-known systems in home financin...