Browsing by Author "Safeza Mohd Sapian"
Now showing 1 - 20 of 25
Results Per Page
Sort Options
- Some of the metrics are blocked by yourconsent settings
Publication Adoption Of Islamic Trade Financing Facilities Among Smes In North-west Nigeria: A Preliminary Investigation(Penerbit Universiti Sains Islam Malaysia, 2022) ;Nurudeen Abdulkadir ;Safeza Mohd SapianNorhazlina IbrahimThe existence, growth and development of Small and Medium-sized Enterprises (SMEs) depend on trade and commercial activities. Trading activities, especially cross-border trade, have been acknowledged as an important instrument for sustainable economic growth, development, poverty alleviation, inclusiveness and global stability. However, for the smooth flow of trade and commercial activities, SMEs need a specialized form of financing (i.e., trade finance). North-West Nigeria being a Muslim-majority region, Islamic trade finance should be a better alternative than conventional trade finance. Thus, this preliminary study aims to examine the significant factors influencing the adoption of Islamic trade financing products among SMEs owner-managers in North-West Nigeria. Besides, the study investigates the moderating effects of age, gender and education on the adoption of Islamic trade financing products among SMEs owner-managers. To achieve this aim, a quantitative survey of 36 randomly selected SMEs was undertaken of which 35 were valid for analysis. A hierarchal multiple regression approach was employed to analyse the data. The results of hypotheses testing revealed that religious obligation and awareness have a direct and significant influence on the adoption of Islamic trade financing products. On the contrary, relative advantage, compatibility, complexity, perceived risk, social influence, and government support were found to be insignificant. Also, age, gender, and education were found to be insignificant moderators in this study. The results of this preliminary study indicate the need for massive awareness and the importance of promoting the “Islamicity” of Islamic trade financing facilities by Islamic banks in North-West Nigeria. - Some of the metrics are blocked by yourconsent settings
Publication Children Financial Education Using An Interactive Tool Addressing Multiple Learning Domains: A Case Study On Product Development Processes Of Muamalat Interactive Game(HIKARI Ltd, 2018) ;Zurina Shafii ;Syahidawati Hj Shahwan ;Supiah Salleh ;Norhazlina Ibrahim ;Halizah Md Arif ;Kasumalinda AlwiSafeza Mohd SapianStudies on financial education highlight the need for having children to be exposed on financial management to inculcate sense of responsibility on financial management. The challenge, however is to engage them with the concepts and the same time to deliver the content is engaging and fun manners. The purpose of this study is to highlight key activities involved in the product development of an interactive learning tool, Muamalat Interactive Game. Muamalat Interactive Game (MIG) is a game-based educational tool that i) exposes the players to Islamic banking, investment and social finance instruments ii) promotes inclusive economic development by inculcating the spirit of gift economy. Single case study analysis is adopted in this study on the processes involved for product development of a financial education board game; product conceptualisation, validation and pilot testing to intended users. Descriptive reporting on product conceptualisation and content as well as content and pedagogical validation are provided in the paper. For the pilot testing stage, the learning behaviours of learners are examined from the aspects of Cognitive Knowledge, Affective Behaviors and Technical Skills gained from the pilot testing conducted to the group of 70 secondary children. Learning behaviors of the learners relates to the cognitive ability to identify wealth management vehicles such as real property, share investment and Islamic insurance products as the players are to accumulate wealth using Shariah-compliant and ethical-based investment vehicles. The affective aspect of the learning is tackled from the engagement on charity-giving as the game instills the willingness to share personal wealth built-up over the rounds of game-playing to the Sadaqah house via donation (sadaqah) and endowment (waqf). Sadaqah house serves as the communal fund that restores widened economic gap. The players too, gain technical skills of managing personal finance such as planning and recording cash inflows and outflows, budgeting personal expenses, managing debts, calculate tithe (zakat) due, and finally ascertain net wealth. The findings of this case study could be benefit future innovators wanting to learn product development of serious games. - Some of the metrics are blocked by yourconsent settings
Publication Comparative Analysis of Financial Reporting Practices in Conventional and Islamic Banks in Malaysia(Universiti Sains Islam Malaysia, 2012) ;Safeza Mohd Sapian ;Zurina ShafiiSyarifah Fairuz Syed MohamadThe financial position and performance for any company are translated into the financial statements which form part of the Annual Report of the company. Information in the financial statements of Islamic financial institutions (IFIs) is important for stakeholders to make economic and investment decisions as well as to assess the IFIs' extent of compliance with the Shariah principles and whether or not they have completed their duty in contributing to socioeconomic justice and stability. This paper aims to examine the differences between the financial statements of Islamic and conventional banks in order to highlight the differences of operations of both types. Although both types of banks are using the same accounting standards, there are issues unique to Islamic banks that require the management to provide different types of information in addition to the standard information found in conventional banks annual reports. In this study, we have conducted a comparative analysis using qualitative method by the way of content analysis to examine the differences between financial statements of Islamic banks and their conventional counterparts. The study found that the difference of disclosure of financial information in the two types of banks is due to the different nature of Islamic banks' operation as compared to the conventional banks especially in investment management and the use of its Islamic financial contracts. As for the components of annual report, little differences were found from the content analysis of the banks underanalysis. This study recommends some improvements for the Islamic bank's financial reporting so that they would provide more transparency in a fair and equitable manner to the users view of observing Islamic principles and making economic decisions. Detailed future work could be done to study the usefulness of additional information on financial statements of Islamic banks from the perspectives of stakeholders. - Some of the metrics are blocked by yourconsent settings
Publication Conceptual Framework For The Adoption Of General Takaful Among MSME Owner-Managers In North-west Nigeria: The Role Of MSME Owner-Manager Characteristics(IIUM Institute of Islamic Banking and Finance (IIiBF), 2021) ;Nurudeen Abdulkadir ;Safeza Mohd Sapian ;Norhazlina IbrahimSyadiyah Abdul ShukorThe ability to manage risk is especially important to Micro, Small and Medium-sized enterprises (MSMEs) which constitute more than 90% of all businesses in Nigeria. One of the mitigating techniques in minimizing risk is through insurance and Nigeria being a Muslim-majority country, takaful is the alternative to conventional insurance. Despite their fragile nature and their exposure to various threats, MSMEs are the least segment utilizing insurance cover. Based on the reports from the country’s financial regulators it shows that majority of these businesses do not participate in any insurance scheme. Furthermore, there are less studies that examined takaful adoption by MSMEs, especially in Nigeria. These past studies are also inconclusive on the significant factors influencing adoption especially from the behavioral perspective. This paper aims to propose a conceptual framework to study the factors that influence general takaful adoption among MSMEs owner-managers’ in North-West Nigeria. An integrated framework based on the Diffusion of Innovation Theory (DOI) and the Unified Theory of Acceptance and the Use of Technology (UTAUT) was developed to examine what motivates MSMEs owner-managers to adopt general takaful. Furthermore, the proposed model incorporates MSME owner-manager’s personal and demographic characteristics (age, gender, education, prior loss experience and religiosity) as potential moderators in the study to enhance the predictive power of the model. Validating the conceptual framework of this research will be useful to takaful operators, financial regulators and policy makers in Nigeria to devise appropriate strategies that will increase the adoption rate of general takaful scheme among MSMEs. - Some of the metrics are blocked by yourconsent settings
Publication The Conduct Of Risk Management In Trade Financing Processes Exploring The Prospects And Challenges In Fintech Era(GAP Journals, 2020) ;Safeza Mohd Sapian ;Norhazlina IbrahimSyahidawati Hj. ShahwanPurpose of the study: To investigate the conduct of risk management in trade financing processes as well as to identify potential issues in risk management relating to fintech in trade financing. At the same time, this study had the opportunity to explore all possible prospects and challenges that this new era of digital could offer to the banking industry. Methodology: The study employed an interview with experts for the means of data collection with the aim of gathering a wide range of information and opinion from the industry experts on the subjects of this study. The data collected from interview transcripts are analysed contextually based on thematic analysis and framework analysis. Main Findings: The findings suggested risk management in trade financing processes is critical due to the nature of cross-country transactions and the current era of fintech has further escalated the risk exposure to fintech-related types of risk. Strategies to improve the current conduct of risk management in trade finance processes have been identified where opportunities and challenges can be managed effectively. Applications of this study: Findings from this study will give valuable insights to the banking and finance industry’s practitioners, especially those who are directly involved in trade financing processes as well as the top management of the banks to further improve current risk management practices in particular catering for the new fintech era. This is essential in facing the wave of the 4 th industrial revolution. Novelty/Originality of this study: This study has contributed to the limited number of published studies in this area. Most importantly, the attempt to investigate the current practice of risk management and identify actual issues and problems in trade financing processes through financial technology platform has not been researched and explored before. Keywords: Risk Management, Trade Financing, Fintech Era, Digitization, Technology Savvy, Banking - Some of the metrics are blocked by yourconsent settings
Publication Discussion on Halal Assurance for Micro and Small Business: A Bibliometric and Content Analysis(Department of Management, Faculty of Economics and Management, University of Darussalam Gontor, Indonesia, 2023) ;Anita Priantina ;Safeza Mohd Sapian ;Devinna PramithaAufaThe integration and comprehensiveness of the halal system are essential for ensuring halal assurance. The issue of halal certification has become a topic of interest, particularly when considering micro and small businesses. Various perspectives have been examined in the study of halal certificates. In Indonesia, the implementation of Halal Assurance Law no 33 Year 2014 has made halal certification mandatory at the national level. This requirement poses challenges, particularly for small and micro businesses that typically have limited resources. This research analyzes current trends and discussions surrounding halal studies in relation to micro and small businesses. The Google Scholar Database is utilized to ensure broader coverage. The research employs bibliometric analysis and systematic literature review to address the research questions. The study reveals that limited resources are frequently cited as a significant problem for micro and small enterprises. To ensure the implementation of halal assurance practices in these businesses, sustainable support is necessary, considering their constrained financial capabilities. - Some of the metrics are blocked by yourconsent settings
Publication Does Tawarruq Still Remain The Top Option For Islamic Home Financing (ihf) Products In Malaysia?(Emerald, 2022) ;Norhazlina IbrahimSafeza Mohd SapianPurpose – The purpose of this study is to investigate whether Tawarruq Islamic home financing (IHF) products remain untouched and maintain their position as the top IHF product in Malaysia. Design/methodology/approach – The study adopted a qualitative research methodology that included both literature review and content analysis. Firstly, the existing studies and literature were reviewed to compare different types of IHF. The composition of IHF products offered by these Islamic banks was then investigated further to analyse each bank’s progress in IHF from 2015 to 2019. The data were gathered from bank websites, brochures, product disclosure sheets and annual reports. Findings – The findings reveal that around 62.5% of Islamic banks offered Tawarruq for IHF in the year 2020. For the banks that offered Tawarruq, the amount of the financing continued to grow each year. The plausible reason for the preference for Tawarruq was its less risky nature, despite facing numerous operating, legal and Shariah issues. Research limitations/implications – This study has several limitations, including the fact that it was limited to home financing products only, the methodology used and the research period. Practical implications – This study aimed to provide beneficial insights into the use of Tawarruq, which has been a source of concern for regulators as well as steps made to reduce its usage in the industry. Islamic banks should be more proactive in developing non-Tawarruq products to enhance product innovation in the market and minimise the heavy reliance on debt-based products. Originality/value – This study provides useful insights by analysing IHF in depth for each Islamic bank and making recommendations for future research. Specifically, the method facilitated critical discussions and comparisons to previous research findings as to why Tawarruq has remained popular. - Some of the metrics are blocked by yourconsent settings
Publication Educating Children on Financial Management Using an Interactive Tool: A Case Study on Product Development Stages for Muamalat Interactive Game(HIKARI Ltd., 2018) ;Zurina Shafii ;Syahidawati Hj Shahwan ;Supiah Salleh ;Norhazlina Ibrahim ;Halizah Md Arif ;Kasumalinda AlwiSafeza Mohd SapianStudies on financial education highlight the need for having children to be exposed on financial management to inculcate sense of responsibility on financial management. The challenge, however is to engage them with the concepts and the same time to deliver the content is engaging and fun manners. The purpose of this study is to highlight key activities involved in the product development of an interactive learning tool, Muamalat Interactive Game. Muamalat Interactive Game (MIG) is a game-based educational tool that i) exposes the players to Islamic banking, investment and social finance instruments ii) promotes inclusive economic development by inculcating the spirit of gift economy. Single case study analysis is adopted in this study on the processes involved for product development of a financial education board game; product conceptualisation, validation and pilot testing to intended users. Descriptive reporting on product conceptualisation and content as well as content and pedagogical validation are provided in the paper. For the pilot testing stage, the learning behaviours of learners are examined from the aspects of Cognitive Knowledge, Affective Behaviors and Technical Skills gained from the pilot testing conducted to the group of 70 secondary children. Learning behaviors of the learners relates to the cognitive ability to identify wealth management vehicles such as real property, share investment and Islamic insurance products as the players are to accumulate wealth using Shariah-compliant and ethical-based investment vehicles. The affective aspect of the learning is tackled from the engagement on charity-giving as the game instills the willingness to share personal wealth built-up over the rounds of game-playing to the Sadaqah house via donation (sadaqah) and endowment (waqf). Sadaqah house serves as the communal fund that restores widened economic gap. The players too, gain technical skills of managing personal finance such as planning and recording cash inflows and outflows, budgeting personal expenses, managing debts, calculate tithe (zakat) due, and finally ascertain net wealth. The findings of this case study could be benefit future innovators wanting to learn product development of serious games. - Some of the metrics are blocked by yourconsent settings
Publication An Experiment On Shariah-based Personal Financial Transactions Using A Business Game(Zes Rokman Resources, 2015) ;Syahidawati Shahwan ;Zurina Shafii ;Supiah Salleh ;Norhazlina Ibrahim ;Halizah Md. Arif ;Kasumalinda AlwiSafeza Mohd SapianThe purpose of this study is to conduct an experiment on undergraduate students (the Generation Y) with the fundamental knowledge on fiqh muamalat (Islamic legal study on business transactions). The research examines the impact of experiential learning to the level of knowledge on Shariah contracts embedded in the game by measuring the pre and post score of the students on the features of the contracts. 114 students from business-related programme took part in the study. They answered pre-experiment questionnaire, played the game and eventually answered post-experiment questionnaire. The game referred to as Muamalat Interactive Game (MIG), an innovation that incorporates the concepts and operations for retail products offered by Islamic banks adopted for personal financial management. This game involves the participants (contracting parties) in several muamalat contracts commonly practiced in Islamic banks, such as as ijarah, tawarruq, rahnu, musharakah mutanaqisah, murabahah and other supporting contracts. The players of the game interactively transact among them to acquire assets, manages cash flow, pay tithe on income and wealth and contribute to charity, applying the muamalat contracts mentioned. The study found that the knowledge of the students significantly enhanced, after the experience of playing the game. They are doing better after the game when identifying the main features of the muamalat contracts, the sequence of transactions forming the contracts and the distinguishing the differences among the contracts. The results also revealed that the game experience made it easy for the students to visual the personal financial management. The results of the experiment revealed the usefulness of using experiential learning for teaching and learning. - Some of the metrics are blocked by yourconsent settings
Publication Factors Influencing Customers’ Selection Of Islamic Home Financing: A Systematic Review(Emerald, 2023) ;Norhazlina IbrahimSafeza Mohd SapianThis study, using systematic literature review (SLR) aims to highlight and summarise current studies on the factors influencing customers’ Islamic home financing (IHF) selection and Islamic banking product preference, which has gained popularity within the banking sector over the past three decades. The SLR could map evolution and research fields, recommend a particular categorisation and determine primary issues to demonstrate current trends, future research directions and theoretical development - Some of the metrics are blocked by yourconsent settings
Publication Halal Food and Compliance: A Bibliometric Analysis(Universiti Sains Islam Malaysia, 2021-08-23) ;Anita PriantinaSafeza Mohd SapianPurpose: Researchers have been actively investigating various issues concerning food and halal compliance framework. The analysis is focused on descriptions of the characteristics and trends of keywords, authors, journals and citations. This study reviews articles in order to map the problems, models, solution approaches and more importantly, the future directions of this field. Design/methodology/approach: Our method employs 204 articles on food and halal compliance research indexed by Scopus. Various techniques from statistics, bibliometric, and analytics are systematically deployed to gain insights on how the literature address these topics. The data was then processed and analyzed using the VOSviewer application program to select the bibliometric mapping of research developments on food and halal compliance Findings: The results showed that the visualization of the mapping of research developments in this theme was divided into three clusters. Cluster one consists of 53 topics, cluster two consists of 42 topics, cluster 3 consists of 32 topics. Research limitations/implications: This study focuses on articles that discuss food and halal compliance framework. - Some of the metrics are blocked by yourconsent settings
Publication Halal Research During Covid-19 Pandemic: A Bibliometric Analysis(Faculty of Islamic Economics and Business | Institut Agama Islam Negeri Palangka Raya, 2023) ;Anita Priantina ;Safeza Mohd SapianMelvina SyahnumAfter the COVID-19 pandemic, there has been a worldwide increase in awareness of the concept of halal. During this crisis, the number of research papers published on Halal and COVID-19 has also increased, possibly due to the increased reliance on the internet. This study conducts a systematic review and bibliometric analysis of 156 relevant papers, using Google Scholar and Harzing Publish or Perish, to identify trends and provide future research directions in the field of halal studies. The result of Vosviewer shows that there are six clusters of keywords with a significant number of studies discussing halal tourism and halal food. Indonesia and Malaysia are frequently studied on this topic. Towards the end of the pandemic, the topic of halal tends to increase in certification issues. - Some of the metrics are blocked by yourconsent settings
Publication The impact of COVID-19 to millennials' consumption behaviour and halal preference: Does religiosity matter?(USIM Press, 2022) ;Anita PriantinaSafeza Mohd SapianCOVID-19 and the threat of economic crisis may change consumption behaviour and halalpreference. Millennials in the surrounding cities of the capital in Indonesia currently contributes up to 28 percent from the total population. This study aims to analyse the influence of COVID-19 pandemic to the consumer behaviour and halal preference of the Millennials group in Jakarta, Bogor, Depok, Tangerang, and Bekasi. Theory of Planned Behaviour is modified and implemented in preparing the frameworks of the dependent-independent variables. Using partial least square method, 316 Muslim Millennial respondents from Jakarta and the surrounding cities as areas which reported first cases of COVID-19 in Indonesia. The result shows that crisis magnitude, fear of missing out, and social media have significant influence on consumer behaviour. Religiosity is, however also found to moderate the effect of crisis magnitude to consumer behaviour. On the other side,halalpreference is found to be influenced only by religiosity. - Some of the metrics are blocked by yourconsent settings
Publication The Impact of Ownership Risk in True Sale-Based Financing on Profit Charges: A Structural Equation Modelling (SEM) Approach(Universiti Sains Islam Malaysia, 2019) ;Safeza Mohd Sapian ;Saiful Azhar RoslyAkmal Aini OthmanThe fundamental principle of true sale is based on the ownership state of the subject matter of sale where the selling party must own the asset legally and keep full ownership of the goods before making the sale. In the riba-free system, the Islamic bank assumes a role of a trading entity. It undertakes a trading position and exposes itself to business risk as the asset is booked on its balance sheet. It follows that the profit rate it charges the customer will reflect an additional risk-premium to account for the business risk exposure. Due to business risk exposure, this study introduces the financial infrastructural constraints on the use of true sale-based Islamic financing namely 1) economic capital requirement for the on-balance sheet holding of tradable assets and 2) the tax charges by the fiscal authority on the purchase of tradable assets by the bank. Thus, based on this premise, the objective of this study was formulated to empirically investigate the impact of these constructs (cost of fund, overhead, default risk, capital charges, tax burden and profit rate) on profit rate of true sale-based financing. A Survey questionnaire and a semi structured interview were the tools used for data collection. The analysis was done by using Structural Equation Modelling (SEM) technique and the findings revealed that all independent variables except for cost of fund, have positive and significant impacts towards profit rate charged. Given the findings of this study, it is recommended that the true sale-based Islamic financing is to be funded by investment fund rather than deposit fund. Hence, the additional capital and tax charges will be absorbed by the investors. From this study, we hope that future research could be expanded further by investigating cross border Islamic banking practices in terms of the pricing of true sale model and closer comparison can be made between Malaysian Islamic banks and Foreign Islamic banks. - Some of the metrics are blocked by yourconsent settings
Publication Measurement the Performance Levels of Islamic Banks in Jordan(Microthink Institute, 2017) ;Yazan Radwan Qasim ;Norhazlina Ibrahim ;Safeza Mohd SapianMurad Ali Al-ZaqebaFor now, there are incomplete studies to investigate the Jordan Islamic banks' (IBs) performance. Also, there is evidence of increasing withdrawal of investors from IBs to commercial banks as a result of decreased confidence among depositors and minimize of profits. This study focuses on using secondary data analysis to measure the performance of three IBs in Jordan over the period of 2005-2015. The Jordanian IBs are as follow; Jordan Islamic Bank for Finance and Investment (JIBFI), Islamic International Arabic Bank (IIAB), and Jordan Dubai Islamic Bank (JDIB). The analytical part consists of two intervals; the first interval from (2005-2009) for JIBF and IIAB. The second interval from (2010-2015) includes the three IBs. This study will include three measuring tools; (1) Financial Ratio Analysis, (2) Data Envelopment Analysis and (3) Maqasid Index. - Some of the metrics are blocked by yourconsent settings
Publication Navigating The Implications for Heirs: An Analysis of The Amendment to The Small Estate Act (Distribution) 1955(Universiti Sains Islam Malaysia, 2024-08-01) ;Norhazlina Ibrahim ;Muhammad Naqiyuddin Ismail ;Safeza Mohd Sapian ;Asharaf Mohd RamliKhairatun Hisan Idris ShazaliThis research aimed to acquire a deeper understanding of the latest amendment of the Small Estates (Distribution) Act 1955 and its implications faced by the heirs. The methodology involves analyzing documents, such as the Small Estates (Distribution) (Amendment) Act 2022 as well as secondary sources, including journal articles, conference proceedings, newspaper clippings, and websites. Content analysis was used to analyze the data, capturing the insights and extensive knowledge on this area. The study highlights nine significant updates resulting from the amendment. These include expanding the jurisdiction to streamline estate administration, optimizing the existing estate administration system, offering more options and mechanisms for citizens when submitting petitions, and incorporating electronic systems for petition submissions. The limitation of this study is the potential constraint in accessing relevant literature on the specific topic, particularly if it is a niche and emerging subject. To overcome this limitation and gather more comprehensive information, alternative techniques, such as interviews could be explored. Few studies have examined the impact of the recent amendment of the Small Estates (Distribution) Act 1955. This study analysed in details the new provision given to the heirs in smoothing the inheritance process. - Some of the metrics are blocked by yourconsent settings
Publication Pedagogy Validation Of Simulation-Game For Jakim Halal Compliance Certification: Development Of Halal2u – Halal Simulation Game(Universiti Sains Islam Malaysia, 2020-11-10) ;Syahidawati Shahwan ;Halizah Md Arif ;Nur Ain Syahida Aira bt Mohd Riduan ;Khairul Akmaliyyah Adham ;Hanim Misbah ;Adlin Masod ;Kasumalinda Alwi ;Zurina Shafii ;Fuadah Johari ;Safeza Mohd Sapian ;Norhazlina IbrahimSupiah Salleh - Some of the metrics are blocked by yourconsent settings
Publication The Process of Claiming Asset in Bahagian Pembahagian Pusaka (BPP)(Faculty of Leadership and Management, 2024) ;Muhammad Naqiyuddin Ismail ;Norhazlina IbrahimSafeza Mohd SapianAs of year 2020, Malaysia’s frozen assets were MYR70 billion. Numerous challenges and issues are raised by this phenomenon, and it becomes incredibly challenging to solve. There are many agencies and bodies that handle the claims, queries and applications related to estate administration in Malaysia, for instance, the Department of Director General of Lands and Mines (JKPTG) through the Bahagian Pembahagian Pusaka (BPP), Amanah Raya Berhad (ARB), and The High Court (HC). However, more than 70 % of these claim applications were received and conducted by the Bahagian Pembahagian Pusaka (BPP). Thus, this study aims to investigate the process of claiming asset specifically in (BPP). This research is a qualitative research, through reviewing and identifying on existing related literatures in inheritance asset in Malaysia, and also websites from JKPTG to understand the processes. This study acknowledges several reasons that cause heirs unable to proceed with their claim of the assets which cause the increasing number of unclaimed assets. The distribution process will move swiftly once people understand how the BPP claims process operates. - Some of the metrics are blocked by yourconsent settings
Publication Ranking the Compliance of Islamic Banking Home Financing Products with Maqasid Shariah Using Ahp(Creative Decisions Foundation, 2022) ;Syahidawati Shahwan ;Safeza Mohd Sapian ;Norhazlina Ibrahim ;Mustafa Omar Mohammed ;Ehsanullah AghaThavamaran KanesanCompliance of Islamic banking products with Maqasid Shariah has been a never-ending debate. However, most discussions are merely explorative, descriptive and perceptive in nature. This article aims to evaluate two types of home financing products in Malaysia based on the Maqasid Shariah of the product development process in Islamic banks. To provide a more coherent and concrete decision, the Analytic Hierarchy Process (AHP) has been used. Bay’ Bithaman Ajil (sale with deferred payment) and Tawarruq (monetization) have been chosen to represent sale-based financing and Musharakah Mutanaqiṣah (diminishing partnership) represents partnership-based financing. The overall results demonstrated that partnership-based financing complied with the social requirements of MSPDF (Maqasid Shariah-based product development framework) at 87.5%, while sale-based financing was rated at 12.5%. The findings will assist Shariah advisors, Islamic finance product developers, economic analysts, financial engineers and policymakers to incorporate the relevant Shariah objectives in Islamic financial product development. - Some of the metrics are blocked by yourconsent settings
Publication Risk Management Framework for Halal Culinary Business Operators in Malaysia from Halal Supply Chain Perspective(Universiti Sains Islam Malaysia, 2021-08-23) ;Safeza Mohd Sapian ;Zurina Shafii ;Khairul Akmaliah Adham ;Norhazlina Ibrahim ;Syahidawati ShahwanNorafni @Farlina Abdul RahimNo abstract