This study is conducted in order to identify on how Islamic bank and conventional bank are difference in term of pre-approval financing. This study is concentrating on the evaluation of credit assessment for business financing by applying qualitative method by interviewing 5 credit analysts in banking institution. Interviews conducted is divided into two main parts: first, the current practices of credit assessment in pre-approval stage and post-approval stage. Second, the study on how Islamic elements being utilised in making financing decision, thus, managing credit risk. In the first part, it was found that there were no differences between Islamic and conventional bank in term of credit assessment. However, most of the respondents advise that, Islamic banks should come out with more proactive credit assessment rather than depending on conventional practices. For the second part, all of the respondents held similar views and opinions that the Islamic elements such as Adl (fair and justice), Istiqamah (Continous), Akhlak, Syura and Tawakal should be implementaed in Islamic credit assessment. However, there is still lack framework on how these issues could be implemented. � Medwell Journals, 2018.

The institution of Waqf has played a significant role of providing opportunities in sharing the government's fiscal needs and improving the communities and nation welfare throughout Islamic history. Waqf have a potential to became one of the important devices regarding the socioeconomics realms in Muslim societies which will benefit the communities in term of education, health care, national security, transportation facilities, basic infrastructure, foods and job opportunities. The main objective of the current study is to explore the conceptual framework in improving the share waqf (waqf corporate) and identifies the uniqueness of the share waqf in Malaysia. In addition this study is to investigate the contribution of this type of share towards communities and nation welfare. The methodology of this study is a qualitative research based on the document analysis of relevant references. The interesting finding of this study indicates that the proper implementation of share waqf is very useful in developing the economic well being of the communities and nation especially if there is participation among GLCs.