A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University

A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University

This paper seeks to propose a new conceptual model to establish an Islamic Finance Unit (IFU) at a public university in Malaysia in order to extend benevolent interest-free financing as an act of charity. The problem with conventional student financing is the extent of non-performance due to the i...

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Main Author: Abdullah, Adam
Format: Article
Language:English
Published: Canadian Center of Science and Education 2014
Subjects:
HG Finance
Online Access:http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/1/Abdullah%2C_14-5%2C_IFU.pdf
id iium-44667
recordtype eprints
spelling iium-446672018-06-20T00:26:22Z http://irep.iium.edu.my/44667/ A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University Abdullah, Adam HG Finance This paper seeks to propose a new conceptual model to establish an Islamic Finance Unit (IFU) at a public university in Malaysia in order to extend benevolent interest-free financing as an act of charity. The problem with conventional student financing is the extent of non-performance due to the interest component. This paper identifies the need, justification and implementation of establishing the IFU, and measures success through equity and justice, not from charging interest, but returns generated from fees derived from increased student enrollment. The model could equally apply to any private or public university, and involves a blue ocean strategy in support of the development of new academic programmes by providing financing to improve the welfare of students and the local community. Canadian Center of Science and Education 2014-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/44667/1/Abdullah%2C_14-5%2C_IFU.pdf Abdullah, Adam (2014) A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University. Asian Social Science, 10 (9). pp. 100-107. ISSN 1911-2017 http://dx.doi.org/10.5539/ass.v10n9p100 10.5539/ass.v10n9p100
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
spellingShingle HG Finance
Abdullah, Adam
A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
description This paper seeks to propose a new conceptual model to establish an Islamic Finance Unit (IFU) at a public university in Malaysia in order to extend benevolent interest-free financing as an act of charity. The problem with conventional student financing is the extent of non-performance due to the interest component. This paper identifies the need, justification and implementation of establishing the IFU, and measures success through equity and justice, not from charging interest, but returns generated from fees derived from increased student enrollment. The model could equally apply to any private or public university, and involves a blue ocean strategy in support of the development of new academic programmes by providing financing to improve the welfare of students and the local community.
format Article
author Abdullah, Adam
author_facet Abdullah, Adam
author_sort Abdullah, Adam
title A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
title_short A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
title_full A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
title_fullStr A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
title_full_unstemmed A Conceptual Model to Establish an Islamic Finance Unit at a Malaysian Public University
title_sort conceptual model to establish an islamic finance unit at a malaysian public university
publisher Canadian Center of Science and Education
publishDate 2014
url http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/
http://irep.iium.edu.my/44667/1/Abdullah%2C_14-5%2C_IFU.pdf
first_indexed 2023-09-18T21:03:29Z
last_indexed 2023-09-18T21:03:29Z
_version_ 1777410778617348096

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