ISLAMIC FINANCE Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
4. ISLAMIC FINANCE
The main principle of Islamic finance, consequently, it is not consists of prohibition Riba, which is no receipt of interest. Besides, prohibition of activities of elements of Gharar uncertainty where are excessive of speculation is prohibited. It is based on Islamic norms such as morality, fairness, reasonableness and justice. Islamic finance also involved a willingness to share the consequences participants may reap gains as well as bear losses according to a pre-determined ratio. Therefore, an honest intention to take responsibility is the cornerstone of any Islamic business deal. Under the regulation of Islamic finance in Malaysia, there are several authorities body how are responsible and accountable to manage as well as to monitor the whole activities of business. In general, there are different sectors under the Halal industry are regulated by separated authority bodies. Similarly, the Islamic banking and financial sectors are also regulated by the different regulators with the different acts and regulations which are Bank Negara Malaysia controls the Islamic banks and takaful providers and Securities Commission Malaysia SC controls the Islamic capital Market. These regulations are to enhance the efficiency of the Islamic capital market, the SC issue list of Shariah compliance securities that can be used by investors as a guide for their investment. Shariah Advisory Council is the highest body for compliance. Shariah Governance SG is a means of corporate governance to unsure the compliance of business entities with Shariah. The SG is different from the traditional corporate governance CG in a way that the compliance with Shariah principle becomes the main objective of the governance in SG. The effective SG can improve the credibility of halal market participants and protect all stakeholders that are directly and indirectly connected with the industry. There are two main documents in Halal sectors which are Bank Negara Shariah Framework issued by BNM and Manual Prosedur Persijilan Halal 201 issued by JAKIM. Bank Negara plays an important role to set policies and supervise the Islamic Banking and takaful institution. There are two main levels of SG adopted by BNM. The first level is positioned at the central level of Bank Negara with the establishment of Shariah Advisory Council this aspect has been endosed in IBA 1983 and Takaful Act 1984. The second level is applied in individual Islamic banking institution. The SG of the individual Islamic banks and takaful is recognized through IBA 1983, Takaful Act 1984 and Bank Negara Shariah Governance Framework. However, Bank Negara Shariah Governance Framework provides more comprehensive aspect of SG that should be followed by these institutions.5. RESEARCH METHOD AND DATA COLLECTION
Parts
» Challenges and Strategies for Management and Business Education: Addressing the Case of Relevance
» BACKGROUND Methodelogy Research methodology for this study using
» CONCLUSIONS AND REFERENCE Effectiveness
» Customer Orientation and quality of customer relationships
» RESEARCH METHODS MEASUREMENT Learning Orientation and the quality of the sales relationship
» Validity The main objective validity and reliability is to test
» INTRODUCTION Future Research Some future research agenda formulated by the
» THEORETICAL FRAMEWORK AND Future Research Some future research agenda formulated by the
» Framing Theory Message Framing
» The Effects of Message Framing on Persuasion Differential Effects of Positive and Negative
» Need For Cognition The Moderating Effects of Need For Cognition
» Experimental Study Participants Operational Definition of Research Variables
» Validity Testing Research Variables Reliability Test
» DISCUSSIONS Research Hypothesis Testing
» RESEARCH CONCLUSIONS, Research Hypothesis Testing
» INTRODUCTION Research Hypothesis Testing
» Epitemology City Branding Positioning
» Acer Toshiba Asus HP Lenovo Apple Dell
» Samsung Axio Sony Business performance The main source for the company to achieve
» THEORY AND HYPOTHESES DEVELOPMENT
» Quality of Service influence on Trust Quality of Service Influence on Relationship Commitment
» THEORITICAL FRAMEWORK Trust Influence on Relationship Commitment
» RESEARCH METHOD ANALYSIS AND RESULTS
» CONCLUSION Discussion Based on the test results of the overall model is said to
» INTRODUCTION Discussion Based on the test results of the overall model is said to
» BASIC THEORY 1 Management Information Systems
» MEASUREMENTS OF OPERATIONAL Object of Research Researchers take the object of research in Private
» QUALITY INSTRUMENTS TEST DATA ANALYSIS
» RESEARCH PROCESS Object of Research Researchers take the object of research in Private
» INTRODUCTION Effect of dissatisfaction with the
» Social Legitimacy City Branding Positioning
» Academic Legitimacy City Branding Positioning
» Redesign the curriculum City Branding Positioning
» CONCLUSION ACKNOWLEDGMENT REFERENCES Redesign the pedagogical strategies
» BACKGROUND Redesign the pedagogical strategies
» THEORETICAL REVIEW Redesign the pedagogical strategies
» Research Method Redesign the pedagogical strategies
» Results and Discussion Redesign the pedagogical strategies
» Conclusion, Limitation of Research
» FIQH OF WAQF Redesign the pedagogical strategies
» WAQF MANAGEMENT AND ADMINISTRATION IN NEGERI SEMBILAN
» MAINS Waqf Fund Cash Waqf Scheme Waqf An-Nur Clinic and Dialysis Center
» SUMMARY AND CONCLUSION Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» INTRODUCTION Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» DEVELOPMENT OF HALAL INDUSTRY AND ISLAMIC FINANCE
» HALAL COMPLIANCE Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» ISLAMIC FINANCE Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» RESEARCH METHOD AND DATA COLLECTION FINDINGS AND DISCUSSION Background of the Company
» SUMMARY Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» BACKGROUND Joint Cooperation between MAINSPWNS and Universiti Sains Islam Malaysia
» Problem Formulation Research Objectives Benefits Research
» Definition of Good Publick Governance GPG Definition of Balanced Scorecard Hospital Definition
» Relations Public Service and Good Quality of Operational Definition of Variables
» Data Validity and Reliability
» Conclusion Suggestions Hypothesis Testing
» LITERATURE REVIEW 1 Service Culture
» RESEARCH METHOD 1 Research Design
» RESEARCH RESULTS AND DISCUSSION 1
» STRUCTURAL EQUATION MODELING There are two steps that need to be done in testing
» CONCLUSION AND LIMITATION This study having two objectives that wants to achieve,
» INTRODUCTION Method of Data Analysis Data analysis tool used in this study is Exploratory
» LITERATURE REVIEW Method of Data Analysis Data analysis tool used in this study is Exploratory
» METHODS Method of Data Analysis Data analysis tool used in this study is Exploratory
» DISCUSSION Method of Data Analysis Data analysis tool used in this study is Exploratory
» CONCLUSION REFFRENCE Method of Data Analysis Data analysis tool used in this study is Exploratory
» Unified Knowledge Sharing Popularity of knowledge management KM has
» Strategic Human Resource Roles Perspectives on current HR is creating an entirely new
» Organizational Innovation Innovation is imperative for organizations to always
» CONCEPTUALIZATION OF THE MODEL
» INTRODUCTION Perceived Organizational Support HR management should be responsible for the
» BASIC THEORY 1 Job Satisfaction
» The Relationship SHRM Roles with Compensation Justice
» Person Organization Fit P-O Fit
» FORMULATION OF PROPOSITION 1 The Influence of Person-Organization Fit to
» The Influence of Person-Organization Fit to Organizational Commitment Population and Sample
» RESEARCH PROCESS CONCLUSION AND IMPLICATION OF MANAGEMENT BIBLIOGRAPHY
» INTRODUCTION LITERATURE REVIEW Individual behaviour framework.
» PREVIOUS STUDY HYPOTHESIS: RESEARCH MODEL
» OPERATIONAL DEFINITION AND MEASUREMENT VARIABLES
» DATA ANALYSIS SUGGESTION AND LIMITATION
» DISCUSSION AND CONCLUSION Data Source and Data Collection Techniques
» INTRODUCTION Data Source and Data Collection Techniques
» Islamic Work Ethics Commitment Organizational
» Affective commitment Normative commitment Normative commitment is an obligatory feeling to stay
» Islamic Islamic Work Ethics and Job Satisfaction
» Intrinsic Motivation and Job Satisfaction Islamic Work Ethics and Commitment
» QUALITY INSTRUMENTS TEST DATA ANALYSIS RESEARCH PROCESS
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