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Digital transformation in the global higher education industry determines the future roadmap to a sustainable education management strategy. This research paper aims to develop a qualitative model that advocates how digital transformation as a propelling force could be used to build competitive advantages for universities. Building competitive advantage is a relative, evolving, and important concept in strategy formulation. In recent years, specifically in the education industry, the notion of building competitive advantage is challenged by global phenomena such as digital transformation globalization, information exchange, digitization and social media in most of the global industries. These phenomena have collectively made the process of building competitive advantage rapidly changing, short-term and contextual. These findings aid the evolution of strategic management practices in universities by providing empirical insights in determining the impactful changes and their connection to evolutionary learning. It also stresses the importance of using the developed model as a decision support system to generate, regulate and retain student experience and expectations. This research paper provides first-hand insight into the impactful changes affecting universities’ vision and how they can turn these changes to their advantages and set a road map to design-develop models to integrate and regulate these essential changes in their strategies using evolution learning mechanism and digital transformation strategy.
Islam has become a cause of Western anxiety, representing the Other and the Shadow. Raising the Shadow to consciousness by directing up communication is a matter of urgency. In Western socio-economic thought, the spiritual and secular are sharply separated, but in Islam they are indivisible. The area of communication chosen in this study' involves religion and social capital. It is emphasized that there are relevant connections between the understanding of social capital and Zakat. These connections have the potential to provide a more in- depth understanding of the economic, social, and spiritual implications of Zakat; most specifically, in the Western discourses. This paper out- lines the spirit of the tension between modernism, postmodernism, and Islam. The concept of social capital is delineated, and the main features of Zakat (almsgiving) in association with social capital are summarized.
The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long term solution to financial instability. Research methodology: descriptive, analytical and comparative analyses Findings: The paper provides insights into the causes of the current international financial crisis. It highlights an alternative and a solution to this dilemma in the form of Islamic finance and stresses the stability of the Islamic finance system. Practical implications: The findings presented in this paper can be used by policy makers, regulators and practitioners in both the Islamic and conventional financial sector as it provides insights into factors that can insulate the market from future crisis. However, to expect a wholesale transformation to an Islamic financial system is idealistic. Originality and value: This paper contributes to the understanding of Islamic finance principles and its value as a solution to the current and any future financial crises. A highly original conceptual idea is used in the metaphorical comparison to the Tower of Babel. The findings of this research will be of interest to western and Islamic financial practitioners, policy makers and academicians.
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