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This book is organized to make it easier for students to understand its contents, which is based on nearly 20 years of teaching experience in economics. It is presented in a simple and yet in-depth format to benefit readers, especially students studying, Principles of Economics. The book provides appropriate examples in understanding issues and questions on economic studies. There are also discussion questions to reinforce the reader’s understanding.
This book is a collection of articles addressing outlining Islamic e-Economics issues. A mixed blend of papers was chosen to provide readers with new and contrasting view of challenges currently facing Islamic institutions. All the articles were initially presented at The Fifth Foundation of Islamic Finance Conference (9-11 July 2012) in Langkawi, Kedah. The Conference was jointly organised by Othman Yeop Abdullah Graduate School, Universiti Utara Malaysia and Islamic Business School, Universiti Utara Malaysia and in collaboration with INCEIF and ISRA. Selected Issues in Islamic Economics is a collection of articles discussing various issues from the perspective of Islamic economics. The book provides readers with new and contrasting views of issues currently facing Islamic institutions. The book can serve as a useful text for students and practitioners of Islamic economics. It also provides a unique opportunity for readers to not only comprehend Islamic economics but also to understand its future development and the role it plays in the global market. Researchers will no doubt find the book it very useful especially theose chapters that provide current data on Islamic economics, which is so scanty and difficult to obtain.
Part 1; Islamic concept and regulations -- Part 2; Islamic banking -- Part 3; Islamic capital market -- Part 4; Other issues.
This book highlights the issues and challenges faced by youth in nurturing their entrepreneurial mind-set to start-up and sustain a business. Specifically, the Talent Development for Youth Entrepreneurship book captures views on the issues of entrepreneurial engagement among youth in Malaysia, social and cultural attitude towards youth entrepreneurship, entrepreneurship education programme, business support, including physical infrastructure, regulatory framework conditions, access to finance or to start-up financing and skills mismatch faced by entrepreneurs.
Compliance with legal requirements and avoidance of illegal business activities are essential elements to ensure the smooth running of any business. In contrast, ignorance may invite legal consequences and might harm the business operations. Considering the current growth of business activities, this book highlights contemporary legal issues in business activities, particularly involving criminal offences. Such offences might be committed by individuals or corporations. The knowledge on the business criminal offences is crucial to all parties and business entities. Hence, this book is published to impart knowledge to readers in this regard. The discussion covers the contemporary legal issues, the legal consequences as well as dispute resolution mechanism in handling selected business crimes. This book also highlights several business criminal offences from the Islamic perspective. Thus, the publication of this book will benefit the legal practitioners, academicians, students and all business entities.
This book attempts to understand Najibnomics-economic policies advocated by the sixth Prime Minister of Malaysia, Datuk Seri Najib Tun Abdul Razak, since he helmed office on April 3, 2009. Najibnomics refers to a new approach to Malaysia’s economic development which is typified by three main characteristics: knowledge, innovation and freedom. It is a set of strategies, programmes and measures meant to transform Malaysia into a high-income and developed nation by the year 2020. This book analyses Najibnomics in action, or rather attempts to problematise Najibnomics at the level of its implementation. Through Najibnomics, the Malaysian government strives to keep the momentum of a sustainable growth trajectory, to enhance the well-being of the rakyat (people) and ensure the country gets out of the “middle-income trap” to become a high-income and developed economy by the year 2020.
Islam postulates a unique link of contracts among the creator, man and society on the basis of Syariah law that directly affects the workings of the various social, political, economic, and financial systems. Therefore, to understand the way in which economic affairs and financial institutions are organized in an Islamic system, it is first necessary to comprehend the nature of this relationship. Consequently, one cannot study a particular aspect or part of an Islamic system, economics, for example, in isolation, without having understanding of the basic knowledge of Islamic finance. Islamic finance products are contract-based. This book explains Islamic finance, which refers to the provision of financial services in accordance with Syariah law in chapter one. The Syariah law is the foundation for the establishment of an Islamic banking system. Chapter two illustrates the differences between the principles of Syariah and Tabii’. Chapter three explains the Islamic theory of profit. Chapter four is about risk and uncertainty, which is known as gharar in Islamic finance. Chapter five discusses interest/riba, which is the most significance principle of Islamic banking. Chapter six explains some of the financial issues related to Islamic banking.
The book Halal Marketing: Concept and Strategies aims to fulfil the gap in the literature by encompassing all the perspectives and ethical values of Islamic marketing. This is not a spiritual enlightenment book but an outline of the practical aspects of Islamic marketing. This book presents a useful combination of Islamic concept with marketing and consumption. Various topics including fashion, cosmetics, consumption, advertising, branding, and corporate social responsibility have been covered in this book. The comprehensive themes which encompass the nexus between Islam and marketing have been covered in this book as well. It is worthwhile for practitioners and academicians to study the connection between Islam, marketing as well as sociology. The book provides knowledge not only for Muslim practitioners but also to non-Muslim practitioners. The authors of the book recognize the dimensions of Islamic marketing in practices as well as in morality. The book delivers a comprehensive guideline for the organizations when trying to customize their marketing activities and offerings products according to the Islamic consumer group. The book sheds light on the topics of supply channels, positioning, pricing, and cultural norms as well.
This book is about explaining and analysing Malaysia’s response to the COVID-19 pandemic, especially in the context of the Malaysian economy. This book serves as an important historical account for Malaysia and for Malaysian economic history in particular, as this COVID-19 pandemic challenges are indeed unprecedented. This book is crucial, especially for policymakers, undergraduate and postgraduate students, academics, as well as the general public at large to understand what happened and make sense of what measures and results of what the Malaysian government has done.
The victory of the Pakatan Harapan (PH), or the Alliance of Hope on May 9, 2018 in the Malaysian 14th General Election (GE14) was not just stunning, but historic. Moreover, the second comeback of Tun Dr. Mahathir Mohamad as the seventh Prime Minister of Malaysia was indeed impressive. The results of the GE14 were clearly against the tide as many political pundits and analysts had predicted a win for the Barisan Nasional (BN) coalition with differences only in matters of margins. Similar to Malaysia’s 13th General Election (GE13), which was held on May 5, 2013, the main issue in the GE14 was also about the economy. The rise in cost of living was perhaps the mother of all issues which caused the downfall of the BN government for the first time since independence. Other crucial economic issues centered on alleged corruption practices and manifested through the 1Malaysia Development Berhad (1MDB) saga. As a new federal power for 22 months, the PH government had a daunting task not just to address economic issues mentioned above, but also the other alleged economic problems which they had highlighted in their election manifesto. On top of that, the PH government had the responsibility to maintain, if not to improve further what the BN government had done to the Malaysian economy in the past, of which World Bank economists described as a success story, “a very strong economy” and “growing towards a high-income.” Post-GE14, what is the state of the Malaysian economy and its direction? What are lessons that can be learned from the PH economic management? And with the Perikatan Nasional (PN) government succeeding the federal power in March 2020 in the midst of the Covid-19 pandemic, what are the pressing issues and what needs to be done moving forward especially in the context of the economic challenges arising from the pandemic and post-Covid-19 era? These are some critical questions which this book is trying to address. The book essentially argues for the need to give greater focus to economic issues above anything else by envisioning a new national vision and engineering a new wave of economic structural reforms primarily based on insights from the vast Malaysian economic history lessons