In a modern economy, there is no doubt that banks play a major role in generating the economic and financial growth. The individuals, the communities and the organizations are reliant on banks as their financial resources and necessities fulfillment. Their dependence to the banks has led them to engage a variety of contracts especially a debt-based contract. This contract required them to bond with the banks in the long period. Therefore, the various innovation products are designed to ensure the debtors are able to engage in an Islamic way and the banks are able to attain their income generation at the same time. While the debt contract is almost impossible to be implemented in Islamic banking system nowadays as it will lead to an interest, a modification process on the innovating sale contracts that have a commercial value for the bank is the only way for them to offer a debt-based contract to the people. Thus this paper attempts to explore the potential of ar-rahn product to solve the current problem. It tries to propose the enhancement of ar-rahn existing product offered by the bank and pawnshop as a good alternative to the financing products. The explored features of the potential of ar-rahn consist of the suitability of concepts adopted in the product, the possibility of longer repayment's period, the minimization of the shariah and economic issue of ujrah fee, the possibility of offering more than RM10, 000 borrowing money and the expansion of receivable pledge item. While the exploration of those features is discussed in a foundational and ideal basis, it is hoped to stimulate further investigation in the future.
The existence of a plural society in Malaysia has led to cross -cultural and religious interactions. This can be seen through the open house culture where all races celebrate it together. Although this culture has played an important role in fostering unity in society, the element of tasyabbuh often provokes polemics in the Muslim community because they understand it as something that is forbidden by religion. Thus, this study will discuss the concept and implications of tasyabbuh elements that may occur among Muslims in their association with other non-Muslims in Malaysia, and further suggest appropriate guidelines to be taken by the Muslim community based on current realities in Malaysia. The study was conducted qualitatively using content analysis method through examination of primary and secondary sources related to concept of tasyabbuh as well as data and statistics related to the implementation of tasyabbuh on the social interaction in Malaysia. This study found that there are some elements of tasyabbuh in some cultural practices between Muslims and non -Muslims. This study will suggest several solutions so that the practice that contains the element of tasyabbuh in cultural practice in the plural society can be continued with preserving the purity of the faith of Muslims.
This study was conducted to find the trends of studies for career development from Islamic perspective and popular sources of Islamic career argument by analyzing the past literature that discuss the career development in Islam. It was guided by 'The Academic Journal Guide 2018' issued by the Chartered Association of Business Schools. A total of 53 quantitative research papers and 29 qualitative papers were selected and reviewed from the Scopus and the WoS Indexed Journal from the year 2016 -2021. The discussion of the study limited to the practical implications for individual career development in stages of exploration (15-24 years) and Establishment (25-44 years) base on Super Theory. The study uniquely synergized on systematic assessment that combine with Islamic perspective from various source. The study shows work ethics, spiritual and manners in workplace become the trends for the Islamic Career Development's studies. It also shows that Islamic thought embraces careers as part of world's human development and 33% of the paper used Islamic scholar, al-Ghazali as a main source of information for study of Islamic Career. Other popular sources like al-Qur'an, Hadith and Islamic scholar also included in the studies. The study suggested to focus more on the significant differences between subjective and objective career development according to Islamic law in the future
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.