Browsing by Author "Hanefah M.M."
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Publication Financial Performance and Sustainability in Malaysian Waqf Private Entity and Corporations(Science and Engineering Research Support Society, 2020) ;Hanefah M.M. ;Kamaruddin M.I.H. ;Masruki R. ;Johari F. ;Kamarubahrin A.F. ;Faculty of Economics and MuamalatUniversiti Sains Islam Malaysia (USIM)This paper aims to examine the financial performance and sustainability in Malaysian waqf private entity and corporations. Examining its performance and sustainability may be useful for determining perpetual life of waqf. Besides that, a waqf private entity and corporations frequently compare actual performance with standards or expectations to enhance the organizations achievements. Thus, by using ratio analysis, this study examines five years (2014-2018) annual reports of waqf private entity administered by Pusat Wakaf Majlis Agama Islam Wilayah Persekutuan Sdn. Bhd (PWMSB) and two waqf corporations Pusat Wakaf Selangor (PWS) and Wakaf An-Nur Corporation (WANCorp). The outcomes show that only one waqf corporation was economically feasible and perform acording to seven item. The discoveries give helpful experiences into the economically feasible and performance of waqf private entity and corporations feature the requirement for policy makers all over the Muslim countries generally and specifically for Malaysia to focus on the all encompassing responsibility of waqf foundations to guarantee waqf's efficient recovery. It is trusted that the outcomes and the suggestions of the examination would empower the money related announcing and responsibility of such foundations at a more significant level. 2020, Science and Engineering Research Support Society. All rights reserved. Keywords: Financial; Performance; Sustainability; Waqf; Private Entity; Corporations. - Some of the metrics are blocked by yourconsent settings
Publication Sukuk: Global issues and challenges(Allied Academies, 2013) ;Hanefah M.M. ;Noguchi A. ;Muda M. ;Universiti Sains Islam Malaysia (USIM)Nagoya UniversityThe purpose of this paper is to describe the differences between Sukuk and conventional bonds and discuss issues concerning accounting, recognition, measurement and disclosures in the financial statements. Currently most of the Sukuk issuers are Islamic financial institutions, but others including Singapore and the European countries are also joining the band-wagon to capture the capital-flows from the Middle Eastern countries. A number of issues are discussed in this paper; among them include recognition, measurement and disclosure of Sukuk according to two different international accounting standards. The possibility of harmonization of between IFRS for financial instruments and AAOIFI standard on investment is also discussed. The comparative analysis shows that there are not major differences between IFRS and AAOIFI standards as per recognition, measurement and disclosures of Sukuk, and therefore IFRS can be adopted by issuers worldwide for international comparability of financial statements. Global challenges and opportunities facing Sukuk are also discussed in this paper along with some recommendations on how to overcome them.