Papers by azreen hamiza abdul aziz
International Journal of Academic Research in Accounting, Finance and Management Sciences
Science International Lahore, 2020
The exclusive and distinguishing trait of Islamic Financial institutions (IFIs) which sets it awa... more The exclusive and distinguishing trait of Islamic Financial institutions (IFIs) which sets it away from its conventional competitor is the need of shariah compliance or confirmation of religious and ethical principles. The audit of Islamic financial institutions is not limited to financial performance, but it also covers the shariah aspects of all transactions. So high expectations from the practices of IFIs appear in the form of an existing gap between what is and what ought to be. Because "what is" may not be matched with "what ought to be". This article aims to discover the existing gap betweenthe two concepts in the IFIs of Pakistan. This paper found that there is exists some gap between the two concepts in certain issues that have been discussed in this paper. This study cannot hope to bridge the existing gap; however, it shows that the function of shariah audit has not taken a good impact in IFIs in Pakistan, although it is a crucial monitoring instrument for shariah compliance.
Journal of Islamic, Social, Economics and Development, 2020
The purpose of this study is to analyze the growth of the Malaysian stock investment industry as ... more The purpose of this study is to analyze the growth of the Malaysian stock investment industry as most people are investing in their investments. Transactions in shares occurred since the late 19th century again unofficially where stockbrokers met with investors in a relaxed so that in 1964 the Stock Exchange of Malaysia was formally established when the Federal Malaya was formed in 1963. The stock market in India include Islam and the stock market conventional stock market. The difference between the two is that the Islamic stock market is based on shariah principles while the conventional stock market is not. The choice of various sectors attracted many investors to own shares in trading stocks. There are 683 company shares out of 901 shares in Bursa Malaysia. These stocks are regulated and reviewed by the Shariah Advisory Council of the Securities Commission (MPSSC)
Journal of Islamic, Social, Economics and Development , 2020
International Journal of Innovation, Creativity and Change, 2020
Sustainable development of waqf (Endowment) property is the mutawalli’s responsibility to make th... more Sustainable development of waqf (Endowment) property is the mutawalli’s responsibility to make the waqf property productive and can produce benefits that can enhance or increase the value of the waqf properties. The development that not only contributes to welfare but also to finance or income is considered as one of the forms of sustainable development. This proves that sustainable development of waqf property can contribute to the socio-economic development of Muslims. However, how far is the concept of sustainability in the development of waqf can be comprehended appropriately? What are the characteristics of sustainable waqf property development? How can the concept of sustainability of waqf property development be implemented? These questions led to this study to identify the concept of sustainability in the development of waqf property. This study utilised the exploratory research design. Sources are gained from primary and secondary data. The primary data are obtained through in-depth interviews of six waqf practitioners comprising the officials at the State Islamic Religious Council (MAIN), who has been involved in managing waqf properties for more than five years. Secondary data is obtained from previous studies, such as thesis, books, articles, journals, magazines, and other publications. These data are then analysed by using qualitative content analysis using ATLAS.ti Version 8.0 (AV8) software. The results of this study found three elements in the concept of sustainable development of waqf property. The analysis found that there are forms of sustainable development on waqf land that especially involves socio-economic development as it can generate funds and increase the value of waqf property.
International Journal of psychosocial rehabilitation, 2019
The Almajiri system of education is one of the great topics of discussion between the scholars an... more The Almajiri system of education is one of the great topics of discussion between the scholars and authorities specifically in the Northern parts of Nigeria. The system is one of the child neglect challenges facing Northern states of the country. However, the tradition of Almajiri system of education is preventing children from having formal education and accepted living standard which directs the children to bagging and hawking on the street. The purpose of this study is to investigate the causes of children neglect and its effect, and to introduce cash waqf as a means of sponsoring Almajiri system of education. The data for this study was collected through interview and was transcribed and arranged in themes to ensure that superior points of the responses are mentioned. The findings of this study show that the neglected children where in dreadful condition that has no excellent future, poverty and ignorance are the major tools that leads the parents to neglect their children on their early age. Therefore, the following are needed to take out these children from their dreadful condition. First is to create awareness for parents on the duties and responsibilities established by Islam towards their children. To formalize the Almajiri system of education which will enable the children to benefit from both the Islamic and western education. Implementation of Cash waqf will also serve as the solution for sponsoring Almajiri education.
International Journal of Academic Research in Business and Social Sciences, 2019
Waqf is one of the basics of giving in Islamic Economic system. It is a voluntary offering which ... more Waqf is one of the basics of giving in Islamic Economic system. It is a voluntary offering which has exclusive manifestation in Islam. Waqf institutions in the world have played a significant role in economic sustainability development in order to benefit society. It has proven that conventional economic programs are not succeed in reducing poverty and income inequality as a whole. Looking at this study perspective, Waqf can be one of the vigorous alternatives to solve the economics challenges as provided by Waqf institutions around the world. This paper focuses to assess the role of Waqf in economic sustainability development and reducing poverty. To achieve the objectives, basic qualitative research method was adopted, and data was collected through relevant literature. The findings of this paper show that Waqf is considered as an alternative tool that can largely improve the social welfare, income inequality and reduce the poverty rate and at the same time lower the burden and liability of the people. The findings also show that there is need for consideration and the development of Waqf in order to find sustainable solution for the economic development.
, 2019
Waqf is one of the important instruments in Islamic economic that benefit the development of soci... more Waqf is one of the important instruments in Islamic economic that benefit the development of socioeconomic of a country. Among the waqf instruments that are innovative and practical is waqf Istibdal. Waqf Istibdal facilitates in developing underutilised waqf land that are small, scattered, difficult to develop and not beneficial to the economy. This indicates that if waqf Istibdal is managed appropriately, the development of waqf will be greater in promoting the socioeconomic of ummah. It would be easier if Muslims themselves understand and aware on the application of waqf Istibdal. But question arise on how far Muslim specifically in Malaysia understand and aware about the concept and implementation of waqf Istibdal? Hence, this paper aims to answer two objectives; first, to identify the level of understanding and awareness of Muslim in Malaysia on waqf Istibdal. Second, to analyse the demographic differences of Muslim in Malaysia towards waqf Istibdal. The data is collected through the distribution of questionnaire and the result is analysed through descriptive statistic. The result shows that the overall level of understanding and awareness of Muslim in Malaysia is moderate except for the dimension of State Islamic Religious Council (MAIN) activities. It is also found that the level of awareness of Muslim in Malaysia are at a prominent level. The differences in the awareness level are significant in the demographic factor such as gender, age, education level and income whereas the differences in the understanding level are significant in age and gender.
Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences, 2015
This paper aims to explore the preliminary understanding of Islamic asset management in the banki... more This paper aims to explore the preliminary understanding of Islamic asset management in the banking industry. To date, a uniform regulatory and legal framework supportive of Islamic asset management has yet to be developed. This paper explores and provides an understanding on the existing concept of Islamic asset management that has been used in the banking industry today. The discussion on this is divided into three parts that will answer the following three questions: Firstly, what is the meaning of Islamic asset management in the banking industry? Secondly, how do the banks manage all the assets? Thirdly, is the concept of Islamic asset truly based on 'Shari'ah' and guaranteed all the customers on the Islamicity of the products? In accomplishing these objectives, library research is mainly used to obtain the different types of theories and concepts on asset management applied to this paper with content analysis carried out from the findings. The findings of this paper reveal that Islamic asset management that has been used in the banking industry is still hold on to the conventional theory as the foundation.
International Journal of Academic Research in Business and Social Sciences, 2018
The emergence of Muslim Friendly Tourism (MFT) in the industry and research has become a regional... more The emergence of Muslim Friendly Tourism (MFT) in the industry and research has become a regional phenomenon with the awareness among Muslims that are preferring the MFT travel option has increased over time. MFT has penetrate a large share of Muslim in MFT as stated in the global economic report 2017 with the size of global Islamic Economy Sector is at USD 169 billion. Malaysia led most of the main interactions in MFT that offer Muslim travelers a safer and comfort travelling option. Therefore, the success of Malaysia’s concept, practices and challenges in developing and promoting MFT need to be identify in order to nurture the contemporary tourism practices. This paper intends to explore the concept, practices and challenges of MFT in Malaysia along with the examples of its current best practices. An interpretive explanatory research design is used with secondary data through document research as the main data collection method. The analysis of the data is done by using the qualitative content analysis method. The findings found that the concept of MFT still developing and both practices and challenges are in the process of evolving the tourism industry.
Keywords: Muslim friendly tourism (MFT), Tourism and Hospitality, Malaysia
International Journal of Supply Chain Management, 2018
The present study aims to examine the idea of supply chain management in the financial institutio... more The present study aims to examine the idea of supply chain management in the financial institutions like banks in the region of Indonesia. After the detailed examination of existing literature current research work has developed a model for the supply chain in financial perspective with its physical implication as well. By focusing on 5 multinational banking firms, current research work has studied the causal association between the SCM and banking sector for their performance. Findings of the study explain that both SCM and working of financial institutions are highly linked to each other. In short, SCM is a meaningful tool for the banking firms or the organizational performance and various departmental heads are very much aware to SCM practices for the greater banking performance. The core limitations of the study are very limited sample size and just focusing on the one selected banking category (International banks). However, the practical implications of the study are very much significant.
Malaysia has become one of the most world's favourite destinations among Muslim travellers. The r... more Malaysia has become one of the most world's favourite destinations among Muslim travellers. The rapid evolution in the Malaysian Islamic tourism industry has created a greater prospective for Malaysia to become a major player in the Islamic hospitality and tourism industry to offer the best Muslim-Friendly Hospitality Services (MFHS). The increasing need for Shari'ah-compliance services become essential in order to cater the demand and needs of largely untapped but lucrative niche market of Islamic hospitality services. Based on the need of Islamic hospitality in providing services that is in accordance to Shari'ah, this paper aims to firstly undertake the exploration on the Islamic hospitality based on al-Qur'an and hadith, and secondly to investigate the state of the realisation of Islamic hospitality in Malaysia. This paper uses a library research method approach in order to accomplish the objectives and provide the deliverables. The outcomes indicate that Islamic hospitality is indeed embedded in the Islamic way of life itself, and Malaysia to some extent has endeavoured a significant effort in realizing the Islamic hospitality, especially through its Muslim-friendly hotel services.
Books by azreen hamiza abdul aziz
Dewan Bahasa & Pustaka, 2020
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Papers by azreen hamiza abdul aziz
Keywords: Muslim friendly tourism (MFT), Tourism and Hospitality, Malaysia
Books by azreen hamiza abdul aziz
Keywords: Muslim friendly tourism (MFT), Tourism and Hospitality, Malaysia