The emergence of Islamic education, especially tahfiz schools in Malaysia, is an alternative to the national-based education system that envisions creating a better Muslim generation to fulfill the role of viceregency on earth. However, the concern is that the mushrooming of these religious schools, especially tahfiz schools, may compromise the quality of education and may hinder the objective of providing future leaders. As such, this study examined leadership elements as part of the shariah governance framework of tahfiz schools in Malaysia to help in understanding the emphasis on such elements by tahfiz regulators and operators. The respondents from the state Islamic religious council (SIRC) and tahfiz schools in Selangor, Johor, Melaka, and Perak were interviewed, and the data were analyzed using Atlas.ti by focusing on the quotations made by both parties. The results showed that the leadership element is being emphasized by the regulator and operator of tahfiz schools in Malaysia, where the sub-element of roles and responsibilities was among the highest numbers quoted by the regulator and implementation was the highest quotation by the tahfiz operator. This indicates that good leadership elements are being emphasized and practiced by both regulators and operators of tahfiz schools in Malaysia.
The relationship between inflation and monetary policy is widely discussed in the research paper. The increase in inflation is seen as an indicator of a country's constant growth. However, it is crucial for the government to keep the country's inflation under control by adopting the right policies such as monetary policy. This paper is assessing the impact of monetary instrument in controlling inflation rates in Malaysia over the period of 1970 to 2010. The analysis begins by testing the unit root test to determine the stationarity of the data. All the variables are found to have a long run relationship based on the Johansan Juselius cointegration test. From the causality test, it was also found that there is an existence of unidirectional causality for all variables of CPI, interest, reserve and money supply for Malaysia. The findings of this paper have some handy proposals that should help the policymaker to develop a plan of action for the development of this nation. First, the authority must constantly monitor the level of reserve requirement in the country.
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