Exploring multi-domains of Islamic finance education curriculum

With exponential growth in the Islamic financial services industry (IFSI), issues on the quality of Islamic finance curriculum and professional development, relevant to the sustainability of the IFSI have been raised in both academia and industry. In particular, the definitions of Islamic financ...

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Main Author:	Syed Jaafar Alhabshi, Syed Musa
Format:	Article
Language:	English English
Published:	IIUM PRESS, International Islamic University Malaysia 2017
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/60954/ http://irep.iium.edu.my/60954/ http://irep.iium.edu.my/60954/1/60954%20-%20Exploring%20multi-domain.pdf http://irep.iium.edu.my/60954/7/60954_Exploring%20multi-domains%20of%20Islamic%20finance%20education%20curriculum_scopus.pdf

id	iium-60954
recordtype	eprints
spelling	iium-609542018-04-25T05:07:17Z http://irep.iium.edu.my/60954/ Exploring multi-domains of Islamic finance education curriculum Syed Jaafar Alhabshi, Syed Musa HG3368 Islamic Banking and Finance With exponential growth in the Islamic financial services industry (IFSI), issues on the quality of Islamic finance curriculum and professional development, relevant to the sustainability of the IFSI have been raised in both academia and industry. In particular, the definitions of Islamic finance and program nomenclature of Islamic finance programmes need clarification and systemization to facilitate the development of meaningful and coherent Islamic finance education initiatives. The fundamentals of Islamic education and its relevance to Islamic finance, are highlighted in this concept paper to emphasize the importance of the nature of man as an ethical being, infused with right and proper knowledge in Islamic finance education. Derived principles involving finance behaviour with reference to ‘efficiency’ or ‘opportunistic gains’ are re-examined in the light of Shari’ah based on the sources of belief, values and practice of the Religion of Islam. This is to facilitate clarity in the definition of Islamic finance and the purpose of Islamic finance education. Furthermore, the Malaysian Qualifications Agency (MQA) Muamalat Islamic Finance (MIF) Standard was analysed to explore the domains for an inclusive Islamic finance curriculum domain framework to facilitate the development of ‘fit and proper’ Islamic finance educators and professionals. Shari’ah prescribed guiding principles and rulings are then discussed within the legal and economic perspectives of banking, capital markets and takaful/insurance. This paper reaffirms the essence of Islamic finance education, given proper adab and akhlaq, in realizing the goals of the maqasid al-Shari’ah in Islamic finance IIUM PRESS, International Islamic University Malaysia 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/60954/1/60954%20-%20Exploring%20multi-domain.pdf application/pdf en http://irep.iium.edu.my/60954/7/60954_Exploring%20multi-domains%20of%20Islamic%20finance%20education%20curriculum_scopus.pdf Syed Jaafar Alhabshi, Syed Musa (2017) Exploring multi-domains of Islamic finance education curriculum. Al-Shajarah, Special Issue: Islamic Banking & Finance (na). pp. 215-232. ISSN 1394-6870 http://journals.iium.edu.my/shajarah/index.php/shaj/index
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Syed Jaafar Alhabshi, Syed Musa Exploring multi-domains of Islamic finance education curriculum
description	With exponential growth in the Islamic financial services industry (IFSI), issues on the quality of Islamic finance curriculum and professional development, relevant to the sustainability of the IFSI have been raised in both academia and industry. In particular, the definitions of Islamic finance and program nomenclature of Islamic finance programmes need clarification and systemization to facilitate the development of meaningful and coherent Islamic finance education initiatives. The fundamentals of Islamic education and its relevance to Islamic finance, are highlighted in this concept paper to emphasize the importance of the nature of man as an ethical being, infused with right and proper knowledge in Islamic finance education. Derived principles involving finance behaviour with reference to ‘efficiency’ or ‘opportunistic gains’ are re-examined in the light of Shari’ah based on the sources of belief, values and practice of the Religion of Islam. This is to facilitate clarity in the definition of Islamic finance and the purpose of Islamic finance education. Furthermore, the Malaysian Qualifications Agency (MQA) Muamalat Islamic Finance (MIF) Standard was analysed to explore the domains for an inclusive Islamic finance curriculum domain framework to facilitate the development of ‘fit and proper’ Islamic finance educators and professionals. Shari’ah prescribed guiding principles and rulings are then discussed within the legal and economic perspectives of banking, capital markets and takaful/insurance. This paper reaffirms the essence of Islamic finance education, given proper adab and akhlaq, in realizing the goals of the maqasid al-Shari’ah in Islamic finance
format	Article
author	Syed Jaafar Alhabshi, Syed Musa
author_facet	Syed Jaafar Alhabshi, Syed Musa
author_sort	Syed Jaafar Alhabshi, Syed Musa
title	Exploring multi-domains of Islamic finance education curriculum
title_short	Exploring multi-domains of Islamic finance education curriculum
title_full	Exploring multi-domains of Islamic finance education curriculum
title_fullStr	Exploring multi-domains of Islamic finance education curriculum
title_full_unstemmed	Exploring multi-domains of Islamic finance education curriculum
title_sort	exploring multi-domains of islamic finance education curriculum
publisher	IIUM PRESS, International Islamic University Malaysia
publishDate	2017
url	http://irep.iium.edu.my/60954/ http://irep.iium.edu.my/60954/ http://irep.iium.edu.my/60954/1/60954%20-%20Exploring%20multi-domain.pdf http://irep.iium.edu.my/60954/7/60954_Exploring%20multi-domains%20of%20Islamic%20finance%20education%20curriculum_scopus.pdf
first_indexed	2023-09-18T21:26:26Z
last_indexed	2023-09-18T21:26:26Z
_version_	1777412222534811648

Exploring multi-domains of Islamic finance education curriculum

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