Ulum Islamiyyah: Malaysian Journal of Islamic Sciences

This study examines the domain of Islamic social finance within the framework of addressing prevalent challenges and harnessing potential for significant socio-economic impact. It lies in the acknowledged ability of Islamic social finance mechanisms - zakat, Islamic crowdfunding, Islamic microfinance and waqf - to address poverty and promote economic equality, yet the full realization of these benefits is impeded by numerous challenges. This study therefore identifies the primary issue as understanding these impediments and determining how to effectively navigate them for enhanced Islamic social finance impact. Its aim is to comprehensively analyze the issues, identify unexploited opportunities, and formulate recommendations for a robust and impactful Islamic social finance system. To this end, the study utilizes a library-based approach, conducting an extensive review of relevant literature, including academic articles, books, policy reports, and case studies. It is revealed that governance and regulatory challenges, socio-economic obstacles, and discrepancies in the application and understanding of Islamic social finance mechanisms are the primary hurdles. Potential solutions range from harmonizing regulatory standards, promoting transparency and accountability, to fostering economic empowerment and cross-border collaboration in the Muslim world. This study implies that addressing these challenges and harnessing Islamic social finance's potential can lead to a more effective poverty alleviation strategy, contributing to wealth redistribution, social justice, and sustainable development in line with Islamic principles. This research, therefore, holds substantial implications for policymakers, regulators, and practitioners within the Islamic social finance ecosystem, and suggests the necessity of collaborative, informed efforts to unlock the transformative power of Islamic social finance.

The purpose of this paper is to investigate the state of creativity and innovation on product development among students who participated in the Islamic Innovation Student Competition (i-REKA) 2017 at Universiti Sains Islam Malaysia (USIM). The study employed the quantitative approach through a survey instrument design. Data were collected using questionnaires, and the constructs used were developed from prior research and previously tested for reliability. A total of 147 questionnaires were analyzed from the respondents in this study. Descriptive statistics were used to analyze the characteristics of the respondents including frequency, percentage, mean, and standard deviation, while the multivariate technique that was employed was regression. The findings revealed that significant relationships exist between the state of creativity and innovation among students of products development competition. These findings may provide a distinctive perspective on the concept of creativity and innovation and its necessity in the Islamic educational system for the contemporary modern era.

Forest encroachment and illegal logging are statutorily recognised as forest offences under several forest related acts. This is significant in a way it can mitigate adverse loss of major biodiversity, forest environment quality and forest-dependant livelihood. Forest offences and wildlife crime are found to take place within protected area (i.e., permanent reserve forest (PRF), national parks, sanctuaries) and state land forest. Related forest legislation, statistical data of forest offences, wildlife crimes and literatures are analysed to find gaps of the current statutory protection on forest environment. Forest can be found listed under List II (State List) and List III (Concurrent List) in the Ninth Schedule of the Federal Constitution of Malaysia. Due to this fragmentation of jurisdiction of the law-making power, forest is governed by different laws and agencies. Thus, dynamic relationship between state and federal government is significant in ensuring forests that are home for thousands of species of biodiversity, flora and fauna to be safeguarded and protected for future generation to cherish. From the Islamic perspective, the protection of environment in particular forests contribute towards fulfilling Maqasid Shariah. Besides, for the interest of the ummah, Maqasid Shariah encourages good relationship between the federal and state governments.

Shariah compliant equity is a type of security that is permissible in Islam for investment purposes. Classification of Shariah compliant equity includes the process of screening firm’s nature of business and investment activities that are free from the element of riba, gharar and maysir. In Islamic perspective, risk management is highly encouraged. Therefore, investors are expected to accumulate wealth responsibly by applying risk management measures in their investments. In this study, 50 equities have been selected from stocks listed in FBM EMAS KLCI from January 2009 until June 2011. This study intends to enlighten investors in term of constructing optimal portfolio of diversified Shariah compliant equities in Malaysian market by applying Markowitz portfolio selection model. The aim of the model is to maximize portfolio’s return by specifying investor’s tolerable level of risk. Furthermore, this study extended the model with regards to transaction costs in measuring cost effectiveness of portfolio rebalancing. This study will benefit investors in selecting portfolio of Shariah compliant equities which are not only optimal but also cost effective. Results from the study shows that by applying Markowitz model, investor can achieve higher return at fixed level of tolerable risk as compared to naïve investment strategy. While the benefits of portfolio rebalancing outweigh the disadvantage when transaction cost is taken into consideration during portfolio rebalancing. The performance of portfolio by applying Markowitz model outperforms the FBM EMAS KLCI index. With this knowledge, Shariah compliant investors are capable to invest responsibly in managing their wealth. By applying risk management measure, Shariah compliant investor will become more confident investing in Shariah compliant equity portfolio to safeguard and accumulate wealth.

Efforts to integrate the Quranic memorised verse with the aqli knowledge have been given attention by several tahfiz educational institutions in Malaysia, among them through an integrated curriculum approach and integration between subjects. However, the integrating of the Quran with aqli knowledge requires a deep understanding of the meaning of the verse because of the position of the Quran as Kalamullah. Hence, this study highlights the methods outlined by the scholars to understand the meaning of the Quran. Library research methodology is used in this study by analyzing the writings of scholars on the method of understanding the verses of memorization of the Quran. The results of the study found that scholars outlined 18 methods to understand memorized verses of the Quran: knowing asbab al-nuzul, knowing the methodology of Arabic language, knowing topic and basic objective of al-Quran, a comprehensive view of verses for a topic (interpretation of al-Quran with al-Quran), understanding from hadith perspective, utilising the commentary of companions and followers, knowing environment of revelation (makkiyyah and madaniyyah), knowing al-nasikh and al-mansukh, knowing muhkam and mutashabih, knowing the meaning of a single word in various contexts, knowing the context of verse, knowing dilalah of verse (meaning), knowing the discourse of the Quran, knowing customs and stories of Arab, knowing al-waqf and al-ibtida’, beware of Israiliyyat, knowing

Penerapan integrasi ilmu naqli dan aqli (INAQ) dalam setiap subjek yang ditawarkan di Kolej GENIUS Insan (KGI) adalah satu kemestian dan subjek Hifz Al-Quran (hafazan Al-Quran) yang merupakan subjek wajib turut tidak terkecuali. Namun modul pendidikan Al-Quran yang digunakan di KGI tidak menggariskan panduan secara spesifik dalam pengintegrasian ayat hafazan dengan ilmu aqli. Kajian ini bertujuan untuk mereka bentuk model pengintegrasian ayat hafazan dengan ilmu aqli bagi kegunaan guru Al-Quran dan pelajar Kolej GENIUS Insan. Kajian ini menggunakan pendekatan kajian perpustakaan dan Perbincangan Kumpulan Fokus (FGD) melibatkan sekumpulan pakar. Hasil kajian ini ialah sebuah Model Pengintegrasian Ayat Hafazan dengan Ilmu Aqli yang mempunyai lima komponen, lima fasa, lapan sub-fasa yang mengandungi aktiviti dan elemen. Model ini dapat memberikan garis panduan kepada guru-guru Al-Quran dan pelajar Kolej GENIUS Insan dalam pengintegrasian ayat hafazan dengan ilmu aqli.

Preventing the spread of COVID-19 is crucial in flattening the COVID-19 infection curve. General population control measures should emphasise on understanding the knowledge about the disease and importance of following regulations related to restriction on movement. The aim of this pilot study was to develop a valid, reliable and practical instrument on Knowledge, Attitude and Practice towards Measures for Preventing the Spread of COVID-19 in Malaysia. The instrument was developed based on a Knowledge, Attitude and Practice (KAP) conceptual framework. The instrument in the form of a questionnaire was distributed online to a sample of 40 adults. The initial questionnaires contained 16, 17 and 14 questions on knowledge, attitude and practices domains, respectively. The content validity was assessed by the experts. The reliability of the instrument was measured using internal consistency reliability, which was measured using alpha coefficient reliability of Cronbach Alpha. The analysis showed that the total Cronbach Alpha value for knowledge, attitude and practice were 0.93, 0.89 and 0.87 respectively. After one item dropped from the attitude domain, the findings of this pilot study show that the instrument is valid and reliable to be used in a further larger study. This study demonstrated that the three scales of knowledge, attitude and practice were reliable and valid for assessing the prevention of spread of COVID-19 in Malaysia, although further analysis are needed to improve especially on the knowledge scale due to the low level of difficulty.

Sulh dan mediasi merupakan kaedah penyelesaian pertikaian yang digunakan di Mahkamah Syariah sebagai jalan keluar untuk menyelesaikan persengketaan secara perdamaian. Perintah Kawalan Pergerakan (PKP) semasa krisis pandemik Covid-19 telah menyebabkan peningkatan konflik keluarga dan kes perceraian yang tinggi dalam kalangan masyarakat Malaysia. Artikel ini bertujuan mengkaji prospek dan cabaran dalam pelaksanaan proses mediasi dalam Majlis Sulh (sulh-mediasi) secara dalam talian di mahkamah Syariah sebagai satu norma baharu. Kajian menumpukan kepada aspek perundangan dan amalan di Mahkamah Syariah. Kaedah penyelidikan yang digunakan adalah kajian kualitatif dengan pendekatan kajian kepustakaan, tinjauan literatur dan analisis kandungan. Dapatan kajian menunjukkan bahawa walaupun sesi sulh-mediasi secara dalam talian mempunyai cabaran dari segi penggunaan teknologi, sosial dan perundangan namun ia mempunyai prospek yang besar bagi penyelesaian pertikaian secara perdamaian. Sebagai penutup kaedah sulh-mediasi dalam talian ini boleh dimanfaatkan sebagai satu persediaan menghadapi kaedah penyelesaian konflik masa hadapan yang lebih fleksibel, murah, cepat dan berkesan.